Tuesday, November 29, 2011
InComm Launches “A Million Options” Sweepstakes to Give Consumers the Chance to Win Extra Funds for Holiday Shopping
Five Winners to Receive $1,000 Vanilla Visa Gift Cards
ATLANTA – Nov. 29, 2011 – InComm, the world’s leading prepaid product and transaction services company, announced today its “A Million Options” sweepstakes, which offers entrants the chance to win one of five $1,000 Vanilla Visa Gift Cards. The Vanilla Visa offers a flexible gift option for the holidays, as it can be purchased at thousands of retailers nationwide and can be used anywhere Visa debit cards are accepted.
“The holidays are a fun, yet busy time for people, and we’d like to help make the season extra special this year,” said Brooks Smith, president and CEO of InComm. “With ‘A Million Options’ sweepstakes, a few lucky winners will be able to use their Vanilla Visa Gift Cards to buy something special for themselves or someone they care about.”
Vanilla Visa gift cards can be purchased in any denomination between $20 and $500 and are available at thousands of retailers nationwide, including Office Depot, CVS/pharmacy, Walgreens and Rite Aid. In addition, they can be redeemed anywhere Visa debit cards are accepted, meaning they can be used as payment not only for gifts, but for food, household items and other necessities if the recipient chooses.
To promote the Vanilla Visa Gift Card and its “A Million Options” sweepstakes, InComm recently launched a national campaign that includes a social component, with tips, product information and sweepstakes information on Vanilla Card’s Facebook and Twitterpages.
To enter InComm’s “A Million Options” sweepstakes, now through December 16, 2011, please visit www.amillionoptions.com.
InComm is the industry leading marketer, distributor and technology innovator of stored-value gift and prepaid products using its state-of-the-art point-of-sale transaction technology and payment solutions to revolutionize retail product sales and customer experiences. With over $13 billion in retail sales transactions processed in 2010, InComm is the nation’s largest provider of gift cards, prepaid wireless products, reloadable debit cards, digital music downloads, content, games, software and bill payment solutions. InComm partners with consumer brand leaders around the world to provide more than 225,000 retail locations the products and services their customers demand. Since 1992, InComm's patented technologies have made the buying process easier for consumers, while streamlining the selling process for product and retail partners. InComm is headquartered in Atlanta with offices in Australia/New Zealand, Brazil, Canada, Japan, Mexico, Puerto Rico, the United Kingdom, Arkansas, California, Colorado, Florida, Minnesota, Oregon, Texas and Utah. To learn more about InComm, visit www.incomm.com or call (800) 352-3084. Visit InComm Europe at www.incomm.com/uk.do.
Retailers and Customers Can Track Purchases and Earn Rewards Hassle-free
MOUNTAIN VIEW, Calif., Nov. 29, 2011 /PRNewswire/ -- Proximiant, a provider of tap and go digital receipts, launched today, introducing a private and secure way for retailers and shoppers to track purchases and earn loyalty rewards, cash rebates and coupons without paper receipts, time-consuming signup requirements or membership cards.
Retailers of any size are now able to provide customers immediate access to a variety of programs using a phone-sized USB interface transceiver from Proximiant. The free transceiver easily plugs into a store's computerized point-of-sale system (POS) and launches within two minutes.
The transceiver's built-in technology allows it to communicate directly with mobile phones having a Near Field Communication (NFC) chip. When consumers shop at participating stores, they can tap their NFC-enabled phones on the transceiver devices to directly collect a digital copy of their receipt and loyalty rewards.
Much attention in the NFC space has been on mobile payment applications. Proximiant focuses on enhancing the shopping experience by providing itemized receipts for easy tracking of purchases, loyalty programs and coupons, regardless of how they pay.
Until the NFC-enabled phones are widely available, Proximiant is offering a bridge solution via a small tag that can be carried in a wallet or put on a key chain to allow shoppers the same tap-and-go capability.
Customers also serve to benefit from this technology through the secure "Digital Receipts" mobile app, which records all of their purchases at the time of sale, so they can manage their personal spending, collect loyalty points and cash back, while having the convenience of not carrying around paper receipts. In addition, they won't need to provide stores with any personal information, thereby safeguarding their privacy. All loyalty points and offers can be directly redeemed at participating stores using their mobile phones.
Other benefits for consumers include:
- Rewards, refunds and exchanges without a special loyalty card or paper receipt since images with necessary data and bar codes show up on their app.
- Ability to quickly access old receipts by inputting the store name or product keywords.
- Receipts that remain completely private and secure.
- Access to Proximiant's Web interface for receipts on their computer when they register their Proximiant account.
- Help the environment go green by no longer using paper receipts.
"The product is a win-win for both retailers and consumers," said Proximiant co-founder and CEO Fang Cheng. "Proximiant is the most efficient and secure way for retailers to extend their existing point of sale to an array of mobile loyalty and marketing programs without any IT overhead or customer signup process. For consumers, it makes shopping much more enjoyable and less of a hassle. The device saves companies an overhead investment and it saves customers from the time-consuming and expensive signup process."
Cheng and co-founders Edwin Evans and Thomas Ahn, both Vice Presidents of Engineering, gave Proximiant its name to transmit the message that merchants and customers are now in much closer proximity to one another.
To date, Proximiant has signed up a dozen stores in the San Francisco area and expects the number to increase as it rolls out more trials later this month and throughout December.
"We've gone with a small trial launch to ensure everything is running smoothly," Cheng said. "We expect to have about 50 retailers by year's end, mostly in the Bay area. By spring of 2012, we envision the device being in multiple metropolitan areas."
For more information, visit www.proximiant.com. Consumers can download the "Digital Receipts" app in the Apple iTunes Store or Android Market.
Proximiant was founded in March 2011 and is a self-funded company based in the San Francisco, Calif., area. The small NFC device—the size of a smart phone—lets retailers' point-of-sale devices communicate directly with consumers' phones to track purchases and reward loyal customers with cash and receipts. Proximiant enhances the shopping experience for consumers by allowing them to pay with cash, checks, credit and debit cards, while also providing itemized receipts for easy tracking of purchases, loyalty programs and coupons. Its name was chosen to reflect the increased proximity between the service provider and end-user consumer. Both retailers and consumers will also be able to manage results online.
November 29, 2011 09:08 AM Eastern Time
First industry consortium to address Internet PIN debit as the cross-border payment method of choice
ATLANTA--(BUSINESS WIRE)--Acculynk today announces the formation of the International Internet PIN Acceptance Consortium, for the purpose of enabling secure internet payments across international borders by establishing Acculynk’s PaySecure as the standard for processing internet PIN-debit transactions internationally.
The Consortium’s mission is to enable internet PIN debit as a secure payment method for e-commerce merchants, financial institutions and online consumers across international borders. The purpose of the Consortium is to collaborate with networks and financial institutions in target markets to prioritize the integration of PaySecure, as well as to develop solutions necessary to ensure full compatibility across the array of processes adopted by individual markets.
“We need to ensure, as a collective body, that we establish mutually beneficial processes that facilitate the growth in international e-commerce by offering consumers easy, secure options for internet PIN debit.”
Currently cross-border e-commerce is hampered by the inability of merchants based in one country to accept payment from a consumer whose debit card is issued by a bank based in a different country. As internet transaction volume continues to grow globally each year and as the number of debit cards issued grows and consumer use of debit card increases, the ability to handle cross border transactions is becoming essential for consumers and e-commerce merchants. The Consortium will work to build a consensus among merchants and issuers to optimize growth in global e-commerce. The Consortium members plan to advance cross-border commerce with Canada and Latin America first and then rapidly progress beyond these countries.
“Consumers are driving the need for cross-border e-commerce. We believe that, together with this group of leading merchants, we can help establish standards that will allow us all to better meet consumers’ needs and help solve a real business problem for merchants,” notes Ashish Bahl, CEO, Acculynk. “We are involved in launching this Consortium because we enable PIN debit for e-commerce and can help merchants make cross-border e-commerce a reality with minimum investment.”
“Having this type of Consortium is important to the airline industry. PaySecure’s innovative solution for facilitating internet PIN debit acceptance in the US, offers a simple, cost-effective model that can readily be established as a standard for international e-commerce,” said Frank DiNuzzo, Managing Director, Market Performance of American Airlines. “We need to ensure, as a collective body, that we establish mutually beneficial processes that facilitate the growth in international e-commerce by offering consumers easy, secure options for internet PIN debit.”
The majority of consumers outside the US hold PIN-only debit cards which currently cannot be used for cross border internet purchases due to difference in transaction authentication and processing. Many countries do not maintain the infrastructure to support the underwriting of consumers for credit cards. An international standard based on PaySecure’s Internet PIN debit will enable millions of consumers worldwide to transact with internet retailers both in-country and across borders.
Membership in the Consortium is currently open to internet retailers and airlines that have partnered with Acculynk for PaySecure, but the Consortium is considering extending membership to all leading e-commerce merchants. The Consortium currently meets once a quarter as a formal body.
Acculynk secures online transactions with a suite of software-only services backed by a patented authentication and encryption framework that provides greater security for issuers, EFT networks, merchants and payment processors. Acculynk’s PaySecure®utilizes a graphical PIN-pad for the secure entry of a consumer’s PIN online and is available to merchants through existing acquirer relationships, enabling speedy implementation. PaySecure is currently enabled on over 3,000 merchant websites. Acculynk has partnerships with 9 EFT networks to process PaySecure transactions and with six leading payment processors, and is certified with PULSE, First Data and Master Card, among other key industry leaders. Visit http://www.acculynk.com.