AppCard Selects Modern Treasury to Power Payments for Grocery Loyalty Programs

San Francisco, CA — [September 3, 2026] — Modern Treasury today announced that AppCard, the loyalty marketing and shopper analytics platform for independent grocers, has selected the company's Payment Service Provider (PSP) to power the payments infrastructure behind its expanding suite of offerings for grocery retailers.

AppCard gives independent grocers of all sizes the tools to run big-chain-caliber loyalty programs, from personalized offers and digital coupons to SKU-level shopper analytics, helping grocers compete for customer loyalty against national chains.

To date, AppCard supports more than 3,300 independent grocers. As AppCard adds new financial capabilities to its platform for grocers, the company needed a reliable way to collect payments and move funds behind the scenes, without slowing down the pace it's used to shipping at.

By integrating Modern Treasury, AppCard can launch its new capabilities without diverting its engineering roadmap to build payment operations from scratch.

"Grocers depend on us to move fast and just work, and that didn't change when we added new financial capabilities to the platform. Modern Treasury let us launch payments quickly without pulling engineers off our core AppCard platform," said Yair Goldfinger, Co-Founder and CEO of AppCard.

What this partnership unlocks for AppCard

With Modern Treasury’s Payments API, AppCard can:

• Scale collections via ACH debits without adding operational headcount to manage reconciliation and exceptions
• Send payouts across ACH, wires, RTP, and FedNow, choosing the right rail without building separate integrations for each
• Ledger transactions in real-time to give finance teams and grocers full visibility into every transaction
• Expand its embedded finance line with confidence, knowing its payments foundation can grow with it rather than requiring rework at each stage

AppCard is bringing financial capabilities once reserved for big-box chains to independent grocers. By embedding payments directly into its platform, AppCard gives these retailers the tools to deepen customer relationships, streamline money movement, and compete more effectively, without stitching together multiple systems.

For independent grocers, that shift means enterprise-grade money movement now lives directly inside software they already use every day. Modern Treasury's Payments API gives platforms like AppCard the infrastructure to offer that without becoming a payments company themselves.

"Loyalty programs and payments are converging, and grocers need partners who can move quickly on both fronts. We're proud to give AppCard a single payments foundation that lets them keep shipping for grocers instead of spending months across a patchwork of integrations," said Matt Marcus, Co-Founder and CEO of Modern Treasury.

Learn more about Modern Treasury's Payments API at moderntreasury.com/products/payments.

About Modern Treasury

Modern Treasury provides the most trusted infrastructure for global money movement. Trusted by leading enterprises and financial institutions, the platform helps businesses launch and scale payment experiences in days, not months, with best-in-class developer tools and a single API for both fiat and stablecoin transactions. With built-in compliance, ledgering, and reporting, Modern Treasury enables instant, reliable, and scalable money movement for companies of all sizes.

Backed by leading investors including Benchmark, Altimeter, and Salesforce Ventures, Modern Treasury has powered over $600 billion in payments for hundreds of organizations.

Learn more about Modern Treasury at www.moderntreasury.com.

About AppCard

AppCard goes beyond loyalty! It’s a data-driven rewards engine built for independent grocers. By transforming shopper behavior into actionable insights, AppCard simplifies customer retention and empowers grocers to deliver personalized marketing, digital coupons, and real-time analytics through one powerful solution. Trusted by over 3,300 grocers, AppCard uses AI and machine learning to deliver the right offer to the right shopper at the right time—driving sales, loyalty, and lasting shopper relationships.

Learn more about AppCard at www.appcard.com.