Wedge Launches White-Label Programmable Payments Platform for Banks and Credit Unions

On February 28, 2024, Wedge announced the launch of its white-label programmable payments platform designed specifically for banking associations and credit unions. The platform enables financial institutions to issue advanced, programmable debit cards that integrate seamlessly with their existing banking infrastructure. A key component of the launch is the Magnet Program, developed in partnership with the Texas Bankers Association, which streamlines product deployment for member institutions.

The solution allows banks and credit unions to offer differentiated card experiences to customers without building technology from scratch. By embedding programmable controls directly into the debit card layer, Wedge positions itself as a BaaS-adjacent enabler for traditional financial institutions seeking fintech-grade capabilities. No specific financial terms of the launch were disclosed.