i2c Inc. to Provide Turnkey Processing Services to RTP Financial Services (PayPartners) for Rapid Deployment of Prepaid/Debit Card Products
Redwood City, CA—February 8, 2010— i2c Inc. and RTP Financial Services jointly announced an agreement for i2c Inc., an innovative provider of prepaid processing and payment solutions, to provide prepaid/debit card processing services for PayPartners, a leading provider of e-payment solutions.
PayPartners’ MasterCard®-branded pay card allows employees who do not have a traditional bank account to receive their paychecks by direct deposit through ACH on to a MasterCard debit card. The PayPartners program allows employers to move to 100% electronic payroll while reducing expenses and adding efficiencies within their payroll processes. The PayPartners MasterCard debit card helps employees save time and money and also provides them an opportunity to access the same services available with traditional bank accounts.
With i2c’s My Card Place (MCP), PayPartners was able to take its MasterCard-branded pay card to market quickly, while taking advantage of MCP’s robust suite of parameters and settings that control all aspects of the transaction, customizable for each card program. i2c provides full turnkey service for PayPartners’ programs, including IVR services, live customer service, and i2c’s innovative, secure, multilingual mobile solution, mRay. The flexibility of MCP will also allow PayPartners to add and change components and features as needed in the future, all the while retaining nimble control in real-time.
“i2c is delighted to be working with PayPartners to bring much-needed payment options to cash-centric consumers,” said i2c’s CEO, Amir Wain. “We believe i2c’s whole-product approach to successful prepaid programs and focus on technological innovation complement PayPartners’ goals and strengths, allowing us to create together cutting-edge prepaid products.”
Ryan Powers, PayPartners’ CEO, states, “Combining PayPartners’ industry-leading BackOffice® Client Portal application with i2c’s feature-rich and stable MCP processing platform allows us to offer our clients a more user-friendly, flexible service that is unique to the marketplace. We believe that i2c matches our commitment to technological excellence in the prepaid arena and will allow PayPartners to rapidly deploy new products and features to meet and exceed the needs of our clients and cardholders.”
About RTP Financial Services LLC
RTP Financial Services LLC is a financial services company that operates PayPartners, a provider of e-payment solutions. The company’s proprietary payment platform consists of the PayPartners Client Portal, a customizable interface with automated multi-payment tools, and the PayPartners pay card, a reloadable MasterCard®-branded prepaid debit card. PayPartners’ electronic enrollment, payment, and reporting solutions offer highly flexible, secure, and convenient e-payment services, such as payroll, commission, and bonus payments. Founded in 2005, privately held RTP Financial Services LLC is headquartered in Atlanta, GA, with a satellite office in Charlotte, NC. For more information, visit www.paypartners.com.
About i2c Inc.
i2c is a global provider of highly-configurable payment and banking solutions. Using i2c's proprietary "building block" technology, clients can easily create and manage a comprehensive set of solutions for credit, debit, prepaid, lending and more, quickly and cost-effectively. i2c delivers unparalleled flexibility, agility, security and reliability from a single global SaaS platform. Founded in 2001, and headquartered in Silicon Valley, i2c's next-generation technology supports millions of users in more than 200 countries/ territories and across all time zones.
For more information, visit i2cinc.com and follow us at @i2cinc.