Alliance Data: Completes Acquisition of Bread

  • Alliance Data leading provider of data-driven marketing, loyalty and payment solutions serving large, consumer-based industries
  • Announced it has completed the acquisition of Lon Inc., a technology-driven digital payments company operating under the trademark Bread
  • Offering an omnichannel solution for retailers and platform capabilities to bank partners
  • The acquisition was completed under the terms of the previously announced definitive agreement entered into on October 28, 2020
  • Alliance Data gains Bread’s flexible technology platform and will soon offer to its brand partners installment
  • Bread will maintain its Tampa, Fla., customer care center and continue supporting its 400+ existing clients from its Innovation Center in New York City
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

Mastercard Launches BIN Sponsorship Programme for UK Fintechs

New initiative aims to support fintech innovation in the UK market.Highlights: Mastercard unveils BIN sponsorship programme for UK...

UAE Central Bank Trials Palm Payments, Amazon Abandons Technology

UAE's innovative palm payment trials contrast with Amazon's decision to discontinue similar tech.Highlights: UAE Central Bank begins trials...

Checkout.com Acquires Euro Stablecoin Issuer Blue for Expansion

The acquisition strengthens Checkout.com’s capabilities in the stablecoin market.Highlights: Checkout.com has acquired Blue, a euro stablecoin issuer.The acquisition...

Ex-Revolut Staffers Secure $6M for Self-Custodial Money App

Former team members aim to reshape financial independence with new app.Highlights: Ex-Revolut staffers raise $6M in funding.New app...