Clover's push into point-of-sale credit echoes one of the biggest moves so far in the booming BNPL sector, when the small-business payments processor Square announced a $29 billion deal in August to acquire the BNPL giant Afterpay. Synchrony has relied on Fiserv for card processing for about 20 years, so the connection to Clover will build on existing integrations, using Synchrony's application programming interfaces, Arghirescu said. "Between our move to the cloud, investments in data, APIs and robust embedded finance tools, we're like an 80-year-old startup," Arghirescu said. Clover accepts credit and debit cards, but the Sunnyvale, California-based company has not previously enabled merchants to extend credit directly to consumers, said Jeff Dickerson, head of Clover at Fiserv.