True Link’s new fraud blocking prepaid card launched on i2c’s global payments platform
REDWOOD CITY, Calif. – August 6, 2013 – i2c, Inc., a Silicon Valley-based provider of cloud payment processing and emerging commerce solutions, today announced that it is providing True Link Financial, a financial services company dedicated to protecting senior citizens against financial scams, with prepaid processing and advanced fraud mitigation services for its recently launched True Link prepaid card. The True Link card is designed to protect senior citizens from financial scams and abuse while preserving their financial independence.
“Senior citizens lose billions each year to scams and dishonest marketing tactics,” said Kai Stinchcombe, chief executive officer at True Link Financial. “We launched the True Link prepaid card to help senior citizens and their families fight back against these financial threats and protect their hard-earned life savings.”
A unique feature of the card is the ability to personalize fraud settings and determine specific types of transactions to block. By offering this level of personalization, the True Link card can be tailored to address specific needs or vulnerabilities of individual senior citizens.
“Not all scams are the same,” added Claire McDonnell, co-founder and chief product officer at True Link. “Vulnerable seniors are targeted by a wide range of scammers—from fraudulent charities to sweepstakes to late-night callers posing as relatives. We wanted a way to prevent all of these with a single, customizable payment method.”
Additional features, such as free customer service to resolve unauthorized charges and alerting family members of suspicious transactions via mobile text message, make the True Link prepaid card a valuable tool in safeguarding senior citizens’ finances.
“We needed a processing partner that could support us in offering a personalized cardholder experience. We evaluated a large number of potential partners and found i2c to be the strongest. By relying on their capabilities, we’re able to focus 100% on our core business of protecting seniors against fraud, knowing that the underlying system is secure, flexible and reliable,” said Stinchcombe.
Patricia McPeak, vice president, product at i2c says “i2c is delighted to be working with True Link Financial as they use the power of prepaid and next-generation fraud mitigation technology to address the unmet financial needs of senior citizens and their family members.”
True Link cards can be ordered now at https://www.truelinkcard.com/sign-up. Due to high demand there is currently a six to eight week waiting list to receive a card.
About True Link Financial
True Link Financial is a San Francisco-based socially responsible financial services company dedicated to protecting seniors against financial scams and allowing them to preserve their financial freedom. True Link’s team includes former senior executives from Visa and MasterCard as well as experienced fraud detection and financial technology professionals. The company is a participant in the prestigious Y Combinator accelerator program.
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.
Media Inquiries:
Sarah Peck
True Link Financial, Communications
Telephone: +1 415-735-1774
E-mail: press@truelinkfinancial.com