Perk.com Inc. Provides Users with Greater Flexibility in Redeeming Perk Points Through the Launch of Perk Plastik
August 12 2015 - 8:30AM
Business Wire
Perk.com Inc. (TSX:PER) (“Perk” or “the Company”),
a leading cloud-based mobile rewards platform provider, announced
today the launch of Perk Plastik, a new prepaid debit card that
runs via the Discover Network, allows users to convert Perk Points
into money available to be used at any retail or online
establishment. Perk has issued the card in partnership with
globally recognized company, Marqeta.
Perk members can enroll in Perk Plastik using the latest version
of Perk Wallet, which is available through the Android Play Store
or iOS App Store. The card will be linked directly to the member’s
account where Perk Points can then be directly transferred into
funds that are accessible through the card. Members can use Perk
Plastik anywhere Discover is accepted.
Ted Hastings, CEO of Perk, stated: “We are very pleased to
launch Perk Plastik. Since the roll-out of the program on July 16,
thousands of members have selected the Plastik option. We have
received overwhelmingly positive feedback from our members in this
relatively short period of time about the ease of use and accessing
more avenues to spend their rewards. With Perk Plastik, we provide
our members with greater personal financial flexibility and
versatility when it comes to redeeming their Perk Points. Providing
options in the form of rewards we offer a competitive advantage
over any rewards platform with a defined set of rewards in a
catalog, this drives user engagement and entices new members to
utilize our apps.”
Mr. Hastings continued: “Perk Plastik is also aligned with our
long-term strategy with our advertising partners as we can provide
even more value and insights to our advertisers looking to
understand whether their advertising is having an effect on
in-store purchases. Perk Plastik is better for our consumers,
better for advertisers and as a result increases the adoption of
our platform. We are proud to partner with Marqeta and Discover in
this endeavor and will continue to seek additional opportunities to
expand our network and improve the Perk brand.”
Omri Dahan, CRO of Marqeta, commented: “We have found that
merchants today are not looking to change their point of sale to
accept reward points as payment. Marqeta is able to convert points
in real time helping Perk to provide its members with greater
options for spending their rewards. We look forward to a long
business relationship with Perk and are proud to be a part of Perk
Plastik.”
About Marqeta
Founded in 2010 Marqeta was developed with the express purpose
of speeding up commerce innovation. Marqeta is an all API-based,
dynamic issuer processor platform that enables companies to build,
issue and deploy innovative payment products with enormous control
over what, where, and how purchases are authorized at the point of
sale (POS) through Open APIs Current clients include some of the
largest e-commerce, social media, financial services and
traditional retail brands in the world, as well as some of the most
forward thinking, developer-led startups in financial services,
banking and retail. Learn more at http://www.marqeta.com.
About Perk.com Inc.
Perk provides a rewards platform targeting consumers primarily
by rewards for people's every day mobile and internet activities.
Perk offers Perk Points, a digital reward which can be redeemed for
gift cards and cash. Members can earn Perk Points through a wide
variety of activities including shopping, watching videos, and
playing social games.
Perk currently owns and operates 12 mobile applications allowing
members to earn Perk Points. Perk also operates numerous owned
websites. In addition to offering Perk Points through its own
mobile applications and websites, Perk launched its Appsaholic
Software Development Kit which allows mobile and desktop publishers
to reward their users with rewards, such as gift cards, for
engaging with the publisher's applications and websites.
Additional information about Perk.com Inc. can be found at the
Company’s corporate website: ir.perk.com.
Cautionary Statement Regarding Forward
Looking Statements
This press release contains forward-looking statements,
including with respect to Perk’s business, Perk’s ability to grow
its active consumer base; the proposed used of proceeds with
respect to the funds raised from the private placement; user and
advertiser engagement; Perk’s ability to establish new marketing
partnerships; Perk’s ability to expand into new markets; and Perk’s
ability to acquire and integrate new businesses and technologies.
Such forward-looking statements reflect Perk’s expectations about
its future operating results, performance and opportunities that
involve substantial risks and uncertainties. These statements
include but are not limited to statements regarding the intended
terms of the offering and the closing of the offering. When used
herein, the words "anticipate, " "believe," "estimate," "upcoming,"
"plan," "target", "intend" and "expect" and similar expressions, as
they relate to Perk or its management, are intended to identify
such forward-looking statements. These forward-looking statements
are based on information currently available to Perk and are
subject to a number of risks, uncertainties, and other factors that
could cause Perk actual results, performance, prospects, and
opportunities to differ materially from those expressed in, or
implied by, these forward-looking statements, including, but not
limited to: maintenance by Perk of relationships with advertising
network providers; maintenance by Perk of its agreement with
Yahoo!; successful development of the “Perk” brand; Perk’s ability
to keep up with rapid technology developments in Perk’s markets;
Perk’s ability to avoid defects in products and services delivered
by Perk; Perk’s ability to attract app and website developers to
its Appsaholic SDK; and Perk’s ability to successfully enter new
business areas and geographic markets; success of new products
developed by Perk and Perk’s ability to retain key members of its
management team.
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version on businesswire.com: http://www.businesswire.com/news/home/20150812005161/en/
Perk.com Inc.Ted
HastingsChief Executive Officerted@perk.comorJeff CollinsChief
Financial Officerjeff@perk.comorINVESTOR RELATIONS:The Equity Group Inc.Adam PriorSenior Vice
President(212) 836-9606 / aprior@equityny.comorTerry
DownsAssociate(212)-836-9615 / tdowns@equityny.com
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