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.
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.