MasterCard and One Inc. Partner to Bring Innovative Loyalty Solutions to Canadians
Agreement will revolutionize the way Canadians collect rewards and loyalty points
Toronto, Ontario (FSCwire) - One Inc. and MasterCard Canada have entered into an exclusive partnership agreement to bring innovative loyalty solutions to MasterCard cardholders. One Inc.’s Universal Recognition technology will be used to revolutionize the way Canadians collect rewards and loyalty points with a solution for cardholders currently in development. The technology will give consumers the choice to link their loyalty cards to their MasterCard credit cards to automatically earn rewards points as they complete a transaction. This will eliminate the need to carry or pull out loyalty cards, making it easy and seamless for consumers.
“Canadians love their rewards and loyalty points and partnering with an innovative technology company enhances our ability to provide cardholders with new solutions in the future,” said Wendy Braithwaite, Senior Vice President, Market Development, MasterCard Canada. “We’re looking at the next evolution of the shopping experience, and Universal Recognition will support a service that will change the way cardholders experience payments and loyalty.”
“Our partnership with MasterCard Canada represents a monumental leap forward in delivering the world’s first Universal Recognition platform,” said Jeffrey Moscoe, CEO of One Inc. “Our solution replaces the loyalty cards in a shopper’s wallet with a solution built directly into their MasterCard - in plastic form, via digital wallet or online. Dip, tap or swipe and earn your loyalty points at the same time. Our goal is to make cardholders’ lives easier and more rewarding.”
MasterCard (NYSE: MA), www.mastercard.com, is a technology company in the global payments industry. We operate the world's fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard's products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter @MasterCardCAnws, join the discussion on the Cashless Pioneers Blog and subscribe for the latest news on the Engagement Bureau.
About One Inc.
One Inc. is a Canadian technology company, co-founded by Exclamation Investments Corporation TSXV:XI, offering the world’s first cloud-based Universal Recognition™ platform. The service makes it easier for consumers to earn rewards and increases the utilization of loyalty and membership programs, payment cards and digital wallets.
About Exclamation Investments Corporation
Exclamation Investments Corporation is a business creator that conceives and develops paradigm-shifting businesses in its roles of seed investor, founder and active partner. Leveraging its trans-Atlantic network to develop new business concepts, and its proven process for transforming ideas and capital into profits, exclamation shareholders participate from the founder stage as they ‘get in’ at a low cost before significant value is established, and are positioned to ‘exit’ and realize gains when value is maximized offering potential returns significantly higher than traditional venture capital and private equity. For more information about exclamation, visit http://www.exclamation.com.
Certain information in this news release may constitute forward-looking information. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. The Corporation assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to the Corporation. Additional information identifying risks and uncertainties is contained in the Corporation's filings with the Canadian securities regulators available at www.sedar.com.
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.
For more information, please contact:
Exclamation Investments Corporation
Daniel Shields, Chief Financial Officer
t : 1 (888) 616-7555
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Source: Exclamation Investments Corporation (TSX Venture:XI) http://www.exclamation.com/
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