COLUMBUS, Ohio and MINNEAPOLIS, Oct. 25,
2021 /PRNewswire/ -- Alliance Data Systems
Corporation (NYSE: ADS), a leading global provider of
data-driven marketing, loyalty and payment solutions and Sezzle
Inc. (ASX: SZL), a top-rated, purpose-driven buy now, pay later
(BNPL) solution, today announced that Alliance Data's Bread
business will offer its pay-over-time installment loan product
through Sezzle's merchant network. Through the integrated
partnership, Sezzle will leverage Bread's deep underwriting and
installment loan product to reach more customers buying big-ticket
items, while offering a comprehensive product suite to its merchant
partners.
Acquired by Alliance Data in December
2020, Bread is a leading payments technology company that
enables seamless checkout experiences. Its white-label digital
payments platform will operate alongside Sezzle's to give Sezzle
and its more than 40,000 merchants and future partners more options
at checkout.
"Sezzle is B Corp certified and is on a mission to financially
empower shoppers by creating best-in-class and transparent
experiences," said Charlie Youakim,
chief executive officer, Sezzle. "This also includes a focus on
credit building and financial education, as well as sustainability,
social good and ethical partnerships that are increasingly
important to next-gen consumers. By providing Bread's installment
solution to customers, we can build on our buy now, pay later
success, and expand our product suite to include additional
installment lending options that give aspirational and big-ticket
shoppers more ways to pay."
With convenient terms (3-48 months) and interest rates starting
as low as 0% for certain loans and qualifying customers, Bread's
installment loans will complement Sezzle's existing buy now, pay
later product, while simultaneously accelerating growth
opportunities for both businesses. Through the partnership, Bread
will originate the loans through its affiliate Comenity Capital
Bank.
"We approach our products and experiences with a consumer lens,
and this alliance speaks not only to the strength of Bread's
installment product, but also to its modern technology and
straightforward, user-friendly experiences," said Val Greer, EVP and chief commercial officer,
Alliance Data. "This agreement allows for Bread and Sezzle to
expand their reach and unlock mutual growth, while also giving more
merchants the tools for success by appealing to a variety of
customers and basket sizes."
Sezzle, which includes merchants like Target and Bass Pro Shops
on its client roster, expects to have Bread available to its
merchants in early 2022. For more information, visit sezzle.com or
breadpayments.com.
About Alliance Data
Alliance
Data® (NYSE: ADS) is a leading provider of
data-driven marketing, loyalty and payment solutions serving large,
consumer-based industries. The Company creates and deploys
customized solutions that measurably change consumer behavior while
driving business growth and profitability for some of today's most
recognizable brands. Alliance Data helps its partners create and
increase customer loyalty across multiple touch points using
traditional, digital, mobile and emerging technologies.
Headquartered in Columbus, Ohio,
Alliance Data is an S&P MidCap 400 company that consists of
businesses that together employ approximately 8,000 associates at
more than 45 locations worldwide.
Alliance Data's Card Services business is a comprehensive
provider of market-leading private label, co-brand, general purpose
and business credit card programs, digital payments, including
Bread®, and Comenity-branded financial services.
LoyaltyOne owns and operates the AIR MILES® Reward
Program, Canada's most recognized
loyalty program, and Netherlands-based BrandLoyalty, a global
provider of tailor-made loyalty programs for grocers. More
information about Alliance Data can be found at
www.AllianceData.com.
Follow Alliance Data on Twitter, Facebook, LinkedIn, Instagram
and YouTube.
About Sezzle Inc.
Sezzle is a rapidly growing fintech
company on a mission to financially empower the next generation.
Sezzle's payment platform increases the purchasing power for
millions of Active Consumers by offering interest-free installment
plans at online stores and in-store locations.
This increase in purchasing power for consumers leads to
increased sales and basket sizes for the more than 40,000 Active
Merchants that offer Sezzle.
For additional assets and news on Sezzle please
visit https://my.sezzle.com/news/
Follow
Sezzle on social
media: LinkedIn | Instagram | Facebook| Twitter
Forward-Looking Statements
This release contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934. Forward-looking statements give our expectations or
forecasts of future events and can generally be identified by the
use of words such as "believe," "expect," "anticipate," "estimate,"
"intend," "project," "plan," "likely," "may," "should" or other
words or phrases of similar import. Similarly, statements that
describe our business strategy, outlook, objectives, plans,
intentions or goals also are forward-looking statements. Examples
of forward-looking statements include, but are not limited to,
statements we make regarding, and the guidance we give with respect
to, our anticipated operating or financial results, initiation or
completion of strategic initiatives including the proposed spinoff
of our LoyaltyOne segment, future dividend declarations, and future
economic conditions, including, but not limited to, fluctuation in
currency exchange rates, market conditions and COVID-19 impacts
related to relief measures for impacted borrowers and depositors,
labor shortages due to quarantine, reduction in demand from
clients, supply chain disruption for our reward suppliers and
disruptions in the airline or travel industries.
We believe that our expectations are based on reasonable
assumptions. Forward-looking statements, however, are subject to a
number of risks and uncertainties that could cause actual results
to differ materially from the projections, anticipated results or
other expectations expressed in this release, and no assurances can
be given that our expectations will prove to have been correct.
These risks and uncertainties include, but are not limited to,
factors set forth in the Risk Factors section in our Annual Report
on Form 10-K for the most recently ended fiscal year, which may be
updated in Item 1A of, or elsewhere in, our Quarterly Reports on
Form 10-Q filed for periods subsequent to such Form 10-K. Our
forward-looking statements speak only as of the date made, and we
undertake no obligation, other than as required by applicable law,
to update or revise any forward-looking statements, whether as a
result of new information, subsequent events, anticipated or
unanticipated circumstances or otherwise.
Contact:
Alliance Data
Rachel Stultz - Media
614-729-4890
rachel.stultz@alliancedata.com
Brian Vereb – Investor
Relations
614-528-4516
investorrelations@alliancedata.com
Sezzle
erin.foran@sezzle.com - Media
lee.brading@sezzle.com – Investor Relations
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SOURCE Alliance Data Systems Corporation