REDWOOD CITY, Calif. – July 15, 2013 – i2c Inc., a provider of cloud-based payment processing and emerging commerce solutions, announced today that it is providing Heartland Payment Systems (NYSE: HPY), one of the nation’s largest payment processors and a leading provider of business solutions, with prepaid card processing services. The companies’ first collaboration is the National Restaurant Association’s (NRA) Edge prepaid card program, which runs on the Discover® network.
The Edge card allows restaurant employees to deposit their paychecks, load funds, receive employer-sponsored incentives and earn cash rewards on a general-purpose prepaid card. i2c’s prepaid card payment processing platform will serve as the system of record for Edge accounts and enable the introduction of new card features such as card-linked offers and real-time mobile alerts.
“We are excited to partner with Heartland and i2c to provide this benefit to the nation’s more than 13 million restaurant industry employees,” said James Balda, senior vice president of Innovation and Business Development for the National Restaurant Association. “Today’s restaurant employees are looking for better ways to manage their finances, and easily and affordably access their cash when and how they want it. i2c’s platform helps us better serve restaurant workers that are not currently served by traditional financial services.”
“By moving to i2c’s platform, we’ll be able to provide Edge cardholders with new features to help them better manage their money,” said David Gilbert, president, Hospitality Group, at Heartland Payment Systems. “In addition, we’ll be taking advantage of i2c’s configurability and on-demand reporting capabilities to optimize and grow the program.”
Amir Wain, chief executive officer, at i2c, commented, “We’re pleased to add Heartland to our rapidly growing list of partners and look forward to working with them on the NRA Edge program. Our relationship provides tighter integration with the Heartland acquiring systems and allows us to deliver end-to-end innovation. We anticipate bringing additional prepaid card processing innovations to the program.”
About Heartland Payment Systems
Heartland Payment Systems, Inc. (NYSE: HPY), the fifth-largest payment processor in the United States, delivers credit/debit/prepaid card processing, mobile commerce, eCommerce, marketing solutions, security technology, payroll solutions, and related business solutions and services to more than 250,000 business and educational locations nationwide. A FORTUNE 1000 company, Heartland is the founding supporter of The Merchant Bill of Rights, a public advocacy initiative that educates merchants about fair credit and debit card processing practices. Heartland also established The Sales Professional Bill of Rights to advocate for the rights of sales professionals everywhere. More detailed information can be found by visiting HeartlandPaymentSystems.com, HeartlandPaymentSystems.com/Careers, Heartlandpaymentsystems.com/Blog, or following the company on Twitter @HeartlandHPY and Facebook at facebook.com/HeartlandHPY.
About i2c Inc.
An award-winning global financial technology innovator powering credit, debit, prepaid, core banking, and money movement solutions, i2c unifies banking and payments in an all-in-one platform, transforming product personalization with a customer-centric architecture and accelerating speed-to-market with composable building-block solutions. Financial institutions and fintechs globally trust i2c to help them quickly and efficiently configure and scale differentiated financial offerings in an evolving, competitive market. Powered by innovation and driven by trust for more than 24 years, i2c blends modern ingenuity with expert reliability to supercharge exceptional banking and payments experiences for millions of users and billions of transactions worldwide.
For more information, visit i2cinc.com and follow us at @i2cinc.