Fiserv Partners with Affirm to Launch Pay-Over-Time Features for Debit Cards
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Newsfilter
- Collaboration Expansion: Fiserv's exclusive partnership with Affirm enables thousands of U.S. banks and credit unions to integrate pay-over-time capabilities into existing debit card programs, addressing growing consumer demand for flexible payment options and enhancing customer loyalty.
- Technology Integration: By embedding Affirm's platform into Fiserv's digital solutions, clients can achieve real-time credit approval and loan origination without additional operational burdens, significantly improving service efficiency and market competitiveness for financial institutions.
- Enhanced Customer Engagement: By incorporating pay-over-time features into debit cards, financial institutions can retain customer spending within their ecosystem, driving transaction growth and deepening customer relationships, thereby increasing market share.
- Transparent Payment Options: Debit cardholders can split eligible purchases into fixed payments through their bank's mobile app, enjoying clear repayment schedules and no hidden fees, which further enhances consumer purchasing power and satisfaction.
Analyst Views on AFRM
Wall Street analysts forecast AFRM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AFRM is 95.50 USD with a low forecast of 83.00 USD and a high forecast of 114.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
18 Analyst Rating
12 Buy
6 Hold
0 Sell
Moderate Buy
Current: 71.430
Low
83.00
Averages
95.50
High
114.00
Current: 71.430
Low
83.00
Averages
95.50
High
114.00
About AFRM
Affirm Holdings, Inc. provides consumers with an alternative to traditional payment options. The Company is engaged in building a payment network. Its platform comprises three core elements: point-of-sale payment solutions for consumers, merchant commerce solutions, and a consumer-focused app. Its Affirm App and Website provide tailored offers from merchants based on consumers' preferences. Consumers can apply at affirm.com or via the Affirm App and, upon approval, receive a single-use virtual card to use online or in-store. Its Affirm Card allows consumers to link a bank account to pay in full, or apply to pay overtime through the Affirm App. It offers users an in-app post-purchase feature that allows them to instantly apply to convert any eligible debit transaction into an installment loan. Through the Affirm app and in partnership with Cross River Bank, it offers a savings account, with no minimum deposit requirements or fees.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
