Ciright ONE has introduced a cutting edge solution for consumers to track and spend their gift card balances.
According to a recent study, consumers spent some $130 billion on gift cards, while close to $1 billion went unused. Millennials made up a significant portion of the unused balances as 40% misplaced or lost a gift card before spending it.
The ONE card paired with a mobile wallet simplifies the everyday tasks for consumers by consolidating all credit, debit, loyalty, membership and gift cards into one dynamic electronic card paired with a digital wallet so that the user will have the flexibility to pay with either the ONE card or their smartphone.
Consumers can securely load gift cards via picture scan or card reader into their ONE digital mobile wallet and keep track of their balances.
Besides pairing with a smart card, what differentiates the ONE digital wallet from other gift card tracking apps currently on the market is the consumers’ ability to easily access all of their other forms of payment on the fly.
ONE is currently accepting orders with an anticipated ship date of Spring 2016.
The ONE is a patented, programmable smart card with an embedded microprocessor, which can store all of a user’s credit, debit, membership and rewards cards to consolidate and simplify their wallet.
The ONE is highly secure, all user data is encrypted and stored on a secure network. The card is accepted everywhere that traditional credit and debit cards are accepted. The card works with a companion mobile app that allows for the user to easily manage all cards and data.
This announcement follows significant milestones already achieved by Ciright ONE including the close of Series A financing, securing the rights to 14 industry patents, the acquisition of GONOW Technologies LLC and an agreement in principal with Stratos, Inc. to honor and fulfill all outstanding consumer and commercial orders.
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