Tempo Introduces New Affinity and Co-Branded Debit Cards
Tempo has introduced a new Web-based platform that it says "enables organizations to quickly and easily offer affinity and co-branded debit cards to customers, contributors and members. These organizations can now provide open loop debit cards and offer rewards ranging from cash-back to charitable contributions. The debit cards enabled by Tempo are issued by First Bank & Trust, of Brookings, SD, part of Fishback Financial Corporation. Tempo’s platform enables these cards to be linked to cardholders’ pre-existing checking accounts."
Tempo-enabled debit cards are affinity partner-branded, generate valuable cardholder rewards, and can be used for online and offline purchases and ATM withdrawals. In a related announcement today, the Breast Cancer Fund, Greenpeace and Surfrider Foundation unveiled Tempo-powered debit card programs that will generate fundraising contributions from everyday purchases (see related press release: “Non-Profit Groups Announce Affinity Debit Cards”).
“Tempo makes it possible to leverage the growing consumer preference for debit cards as the primary payment vehicle,” said Tempo CEO Mike Grossman. “Our Web-based platform enables organizations to quickly and easily offer affinity and co-branded debit cards, and for customers, contributors and members to select a debit card that is aligned with the organization of their choice.”
Tempo's new solution is supported by an innovative software-as-a-service (SaaS) technology platform, which makes it easy for organizations to offer affinity and co-branded debit cards. It is also easy for consumers to apply, activate their cards, and track purchases online. Working with First Bank & Trust, Tempo manages all aspects of card issuance, including risk management, application processing, card fulfillment, authorization and settlement.
Organizations can now offer debit cards and motivate their target consumers with rewards such as cash-back or charitable contributions, at no additional cost to the cardholder.
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