i2c Experiences Strong Growth as Banks Begin Adopting Prepaid
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 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.