i2c Experiences Strong Growth as Banks Begin Adopting Prepaid

21

Dec
2011

Redwood City, CA—December 21, 2011—i2c, Inc., a provider of payment processing, loyalty and transaction settlement solutions, announced today that 11 banks have signed up to use i2c’s payment processing solution since October 2011. The banks, many of which launched with i2c in under 45 days, together manage 23 different prepaid programs marketed to consumers in hundreds of locations across the United States.

Many banks are in the process of adding prepaid products to their offerings as they seek to better serve existing consumers and attract new ones. i2c’s processing platform provides unique features, such as digital coupons and mobile solutions, that differentiate and scale prepaid and emerging payment programs. i2c’s new bank clients will leverage such features to increase activation rates, drive usage and extend card life for their payroll, gift and general purpose reloadable (GPR) programs.

“Banks have realized the strategic value of offering prepaid products”, said Amir Wain, CEO of i2c. “They are beginning to integrate prepaid into their overall product mix and are adopting a strong focus on program profitability. i2c’s platform has a number of unique capabilities that support this endeavor and therefore we expect to see continued interest by banks in our solutions,” he said.

About i2c, Inc.

i2c, Inc. focuses on accelerating commerce globally. A provider of payment processing, loyalty and settlement solutions to companies worldwide, i2c offers support for international and domestic markets and a range of complimentary services. Their vast suite of solutions power payments and profitable programs in the credit, debit and prepaid industry. Headquartered in Redwood City, California, i2c has nearly 400 employees across six sales and support offices worldwide serving clients on five continents. Visit i2cinc.com for more information.