SILVER SPRING, Md.,
Oct. 22, 2020 /PRNewswire/
-- Today, Urban One Inc., the largest Black-owned media
company in the U.S., launched ONE VIP, a digital financial solution
with a rewards product designed with Black consumers in
mind. ONE VIP provides a digital debit account with a ONE VIP
Rewards program. It is the first live financial solution for
Black consumers and urban consumers. ONE VIP designed the
program for consumers who are currently banked and financially
include those who are presently unbanked, with a contemporary
digital financial solution.
"We are excited to take the lead and be the first African
American owned company to provide this kind of financial solution
for Black consumers," said Jon
Round, Urban One's Senior Vice President of Financial
Services. "This digital financial solution and rewards
program allows us to provide access, flexibility, and empowerment
to our consumers, and helps to circulate black dollars in the black
community."
ONE VIP is a financial product designed to support the Black
community directly. Cardholders can manage their account
online or with the ONE VIP mobile App and make cash withdrawals,
retail and online purchases with the premium, matte Black prepaid
debit card, that rewards them for a life well spent.
Customers can maximize their spending power and earn points on most
purchases. They can also earn additional points from select
merchants as part of a Buy Black initiative that incentivizes them
to shop with 25 Black-owned brands. Points can be redeemed
either for cashback or used as a donation to the Urban One
Community Works Foundation (U1CW). U1CW will use the
donations to support selected charities supporting people of color
such as The Innocence Project for criminal justice reform, the
National Black Justice Coalition serving LGBTQ/SGL communities, and
Howard University, recirculating Black
dollars in the Black community.
Additionally, Urban One will donate $10 per account per three-month period for every
cardholder who maintains a ONE VIP account for three consecutive
months and meets loading/spending requirements.
Alfred C. Liggins III, Chief
Executive Officer, Urban One, commented, "For 40 years, Urban One
has led the way, representing Black culture in the USA, seeking to inform, inspire and entertain
Black America. Today, I'm proud that Urban One leads the way
again with another first; ONE VIP, a current financial product
intrinsically designed to address the very needs of our audience.
This marks the first step by Urban One to financially include and
empower, with financial products designed for the Black
community."
ONE VIP is a digital financial account with a premium, matte
Black prepaid debit card. Its salient features include the
ability to:
- Apply and manage the account online or with the ONE VIP mobile
App.
- Withdraw cash at ATMs, make purchases online or at retail
locations using the card, or by adding the card to Mobile Wallets
and pay by phone.1 Mobile Wallets supported; ONE VIP,
Apple, Android, Samsung, Garmin, and Fitbit.
- Add funds by direct deposit, or ACH from a bank, or by taking a
photo of a check using the ONE VIP mobile app, or by depositing
cash at select retail locations.2
- Set-up alerts and notifications, control card settings, either
through the website or mobile app.
- Participate in the innovative contemporary ONE VIP Rewards
Loyalty Program.
- Benefit from additional point reward options and discounts when
using the card. Merchants include some of the most popular global
brands from popular rideshares to entertainment subscriptions, to
fashion, food/grocery, and beauty.3
Consumers can sign up for a ONE VIP account
at www.onevip.com. Subject to approval. You must be at
least 18 years old and reside in the US or its territories to
apply. Transaction fees and terms and conditions may
apply. MORE DETAILED INFORMATION AVAILABLE ON
REQUEST.
https://www.instagram.com/onevipcard/
https://twitter.com/onevipcard
https://www.facebook.com/onevipcard
The ONE VIP Visa Prepaid Card is issued by Stride Bank, N.A.,
Member FDIC, pursuant to a license from Visa USA Inc. Deposits are FDIC insured up to
$250,000 by Stride Bank.
Urban One, Inc. (urban1.com), together with its
subsidiaries, is the largest diversified media company that
primarily targets Black Americans and urban consumers in the
United States. The Company
owns TV One, LLC (tvone.tv), a television network
serving more than 59 million households, offering a broad range of
original programming, classic series and movies designed to
entertain, inform and inspire a diverse audience of adult Black
viewers. As of June 2020, Urban One currently
owns and/or operates 61 broadcast stations (including all HD
stations, translator stations and the low power television stations
we operate) branded under the tradename "Radio One" in 14 urban
markets in the United States.
Through its controlling interest in Reach Media, Inc.
(blackamericaweb.com), the Company also operates syndicated
programming including the Rickey Smiley Morning Show,
the Russ Parr Morning Show and the DL Hughley
Show. In addition to its radio and television broadcast
assets, Urban One owns iOne Digital
(ionedigital.com), our wholly owned digital platform
serving the African-American community through social content,
news, information, and entertainment websites, including its
Cassius, Bossip, HipHopWired and MadameNoire digital platforms and
brands. We also have invested in a minority ownership interest in
MGM National Harbor, a gaming resort located in Prince
George's County, Maryland. Through
our national multi-media operations, we provide advertisers with a
unique and powerful delivery mechanism to the African-American and
urban audiences.
1 Transaction Fees may apply.
2 Transaction Fees may apply.
3 Rewards program subject to restrictions and other
terms and conditions.
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SOURCE Urban One, Inc.