TMCnet News
Cartera and TransFirst Join Forces to Accelerate Local Business Adoption of Card-Linked Offers(Market Wire Via Acquire Media NewsEdge) LEXINGTON, MA -- (MARKET WIRE) -- 09/21/11 -- Cartera Commerce, the leading provider of card-linked marketing solutions, and TransFirst, a leading provider of transaction processing services and payment enabling technologies, today announced a strategic marketing agreement to accelerate adoption of card-linked offers among small businesses across the United States. TransFirst will market and sell Cartera's card-linked advertising network to over 175,000 small businesses that use its leading payment processing services and technologies. Cartera will deliver full-service card-linked promotional offers -- including marketing, campaign management and reporting -- to TransFirst customers who join its network. The announcement was made today at the FinovateFall conference. [See related news also issued today from Cartera: Cartera Commerce Unveils New Solution For Local Card-Linked Offers]. With this pioneering agreement, TransFirst and Cartera will join forces to enable thousands of local U.S. merchants to use card-linked offers to acquire new customers, reward repeat shoppers, and align with the nation's top rewards and loyalty programs. Unlike Daily Deals or other local advertising solutions, Cartera card-linked offers deliver merchants risk-free, incremental revenue growth and customer loyalty without up-front costs, paper vouchers, manual tracking or changes to the point of sale. Cartera will market offers from TransFirst merchants to the tens of millions of local cardholders in its network, who can redeem offers just by swiping their cards in merchants' stores. TransFirst merchants will fund offers only after qualifying transactions occur, and will receive detailed sales reporting including the number of new and repeat transactions driven by their offers. "We chose to partner with Cartera because of its deep understanding of local merchants, its superior technology platform, and its large network of banks and loyalty program clients," said John Shlonsky, president and CEO of TransFirst. "Adding card-linked offers to our available programs will help our merchants generate new and repeat sales with ease. The Cartera solution varies from other loyalty platforms available in the market, offering a paper-less process with automatic rewards applied to the card the consumer uses every day. This is the type of value-added solution we seek to deliver to our merchants and one that will help us differentiate TransFirst in the market." "This partnership extends Cartera's leadership in local card-linked offers," said Tom Beecher, president and CEO of Cartera Commerce. "Our local merchants are seeing dramatic ROI and our bank and loyalty partners are excited about the opportunity to deliver local earning opportunities to their customers. Combining TransFirst's local business relationships and payment processing experience with Cartera's deep expertise in card-linked advertising will allow us to boost sales for more local merchants across the country." About Cartera CommerceCartera Commerce is the leading provider of card-linked marketing solutions that increase revenue and customer loyalty for merchants, banks, issuers and loyalty programs. For merchants, Cartera powers the industry's largest card-linked advertising network that targets shopping offers to more than 150 million loyal consumers and tracks in-store and online sales. For banks, issuers and loyalty programs, Cartera provides the industry's most comprehensive card-linked offer platform that powers personalized in-store and online shopping programs to build consumer engagement, maximize card spend and create new revenue streams. Cartera's platform delivers card-linked offers via multiple digital marketing channels including Websites, online banking, email, mobile, social media and browser apps. Four of the five largest financial institutions, three of the four largest airlines and tens of thousands of merchant advertisers drive incremental revenue with Cartera's fully-managed, performance-based solutions. The company is headquartered in Lexington, MA and has significant operations in Atlanta, GA. For more information, visit www.cartera.com. About TransFirst A leading provider of secure transaction processing services and payment enabling technologies, TransFirst offers innovative products and services designed with financial institution, independent sales organization, healthcare, e-commerce, government and merchant customers' unique needs in mind. By collaborating with our customers and utilizing strong industry knowledge, we help them grow their businesses. Founded in 1995, TransFirst continues to attain significant market share and world-class expertise in growing and profitable industry segments. Built on a platform of personal service, customer commitment and flexible pricing, TransFirst is headquartered in Hauppauge, N.Y., and has operations facilities in Aurora, Colo., Broomfield, Colo., Omaha, Neb., Overland Park, Kan., and executive headquarters in Dallas, Texas. Company-wide, TransFirst currently processes approximately $30 billion in annual sales volume for more than 175,000 merchant locations and more than 1,000 financial institutions. For additional information, please call 800.745.2659 or visit www.TransFirst.com. Contact: Jessica Hoffman Phone: 925-296-6161 Email: Email Contact Source: Cartera Commerce |