PocketCard Inc. announced the creation of its Delta Payment Systems division ( [http://www.deltapayment.com]) to process e-payments and stored-value programs for other issuers. The same patent-pending money transfer engine that powers the industry-pioneering teen and business PocketCard programs is now available for financial institutions and other businesses that want to provide their customers ability to instantly transfer stored purchasing power anytime, anyplace, to anyone.
The market leadership demonstrated by creating and issuing a stored-value teen card a year before competition followed suit will extend into the emerging e-payment industry. “The success of the PocketCard teen card and small business program demonstrates the appeal and utility of instantly moving value where it is needed,” said PocketCard Inc. founder and CEO William Scheurer. “Delta Payment Systems’ dynamic stored-value platform will change how businesses interact with their customers, employees and others, just as PocketCard is changing how families and small businesses spend and manage money.”
Bridging Mainstream Payment Processing Systems into the New Economy
PocketCard Inc. offers the only payment-processing platform built specifically to capitalize on the power and scope of advanced communications technologies. By integrating the existing payments industry infrastructure used to process magnetic-stripe transactions with consumer-accessible technologies like the Internet, touch-tone phones and emerging wireless capabilities, Delta Payment Systems enables customized ways to pay and transfer value for businesses, financial institutions and payment service providers.
The Delta Payment Systems platform’s unique ability to transfer, control and monitor value in real-time, ubiquitous merchant acceptance and ATM access has put PocketCard Inc. in a position to lead the stored-value product market, estimated to reach $1.3 trillion by 2003. Gift cards, employee retention and loyalty programs, corporate incentive, payroll and electronic benefit transfers are examples of the trend in a variety of industries away from cash and checks and towards card-based payment methods
Delta Payment Systems, however, offers more than technology. Delta Payment Systems offers complete solutions to manage all facets of card-based stored-value programs, including program consulting, card fulfillment, merchant purse programs, targeted ad delivery and a fully staffed and equipped customer care center.
PocketCard Is Changing How Families Spend Money
Incorporated in Sept. 1998 and issuing cards since May 1999, PocketCard Inc. invented the financial service product known as dynamic stored value cards: special purchasing cards for financial dependants — featuring instant funding, reporting and control. PocketCard Inc.’s patent-pending technology enables the instant transfer of money and information — anytime, anyplace and to anyone — in both the online and offline worlds.
PocketCard Inc. and its division Delta Payment Systems provide families, businesses and individuals with innovative e-finance and relationship marketing products and services. PocketCard works with leading card issuers, processors, retailers, media and others to deliver these programs.