Scarlet™, a New Bank Account and Debit Mastercard®, Launches Exclusively at Walgreens, Promotes a Path to Financial Health, Earns Rewards on Purchases at Walgreens and Beyond
September 02 2021 - 8:00AM
Business Wire
Provided by InComm Payments, powered by the
Mastercard network and issued by MetaBank®, Scarlet aims to make
financial wellness more convenient and accessible
Walgreens and InComm Payments™, a leading global payments
technology company, today announced the launch of Scarlet1, a bank
account and debit card powered by Mastercard and issued by
MetaBank®, available exclusively at Walgreens. Scarlet helps make
the path to financial wellness simpler than ever with Walgreens
Cash rewards, as well as personal finance planning tools and
payment solutions. Scarlet will be available at more than 9,000
Walgreens stores nationwide, online and via the Walgreens mobile
app.
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the full release here:
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SCARLET™, A NEW BANK ACCOUNT AND DEBIT
MASTERCARD®, LAUNCHES EXCLUSIVELY AT WALGREENS, PROMOTES A PATH TO
FINANCIAL HEALTH, EARNS REWARDS ON PURCHASES AT WALGREENS AND
BEYOND (Photo: Business Wire)
“With a focus on our customers’ health and wellbeing, Walgreens
is pleased to expand our financial services offerings with Scarlet,
and further expand the broad spectrum of financial solutions that
are accessible to the customers, patients and communities we
serve,” said Maria Smith, vice president of payments &
financial services at Walgreens. “Scarlet is just the latest
expansion in the Walgreens financial services portfolio, which also
includes the Walgreens mobile wallet, remittance services, ATM,
third party banking services and the recently launched myWalgreens
Credit Card. We look forward to deepening engagement with our
customers, as we continue to support their personal and financial
wellbeing.”
“We are proud to bring Scarlet exclusively to Walgreens,” said
Stefan Happ, President of InComm Payments. “With Scarlet, we are
excited to provide Walgreens’ customers with banking and financial
management solutions through Scarlet to help make financial
wellness habits more convenient and accessible than ever
before.”
“The launch of Scarlet speaks to a continued desire and demand
from consumers for seamless and accessible financial experiences,”
said Kush Saxena, executive vice president, U.S. Merchants and
Acceptance at Mastercard. “We are pleased to deliver our technology
and healthcare expertise to deepen Walgreens’ commitment to
providing more relevant and personalized solutions for cardholders
at Walgreens and beyond.”
A Path to Financial Health:
Scarlet provides tools to help accountholders build healthy
financial habits, earn rewards, and save on future purchases.
Scarlet accountholders will enjoy:
Valuable Walgreens Cash rewards on Purchases:
- 3% Walgreens Cash rewards on eligible purchases at more
than 9,000 Walgreens locations, Walgreens.com, Duane Reade stores
and via the Walgreens mobile app2
- 1% Walgreens Cash rewards on eligible purchases wherever
Mastercard is accepted2
Features to Promote Financial Wellness:
- $10 statement credit for first $10 spent, available until
September 30, 20213
- Free 2-day early direct deposit4
- Free to add cash at Walgreens and Duane Reade locations with
Barcode Reload5
- Free withdrawals at more than 55,000 ATMs nationwide6
- Goal setting to help forecast and manage personal spending
Convenience Solutions Making Banking Accessible
anywhere:
- Pay bills anytime, anywhere with online or mobile bill pay
- Mobile wallet compatibility
- Mobile check capture by Ingo® Money7
- Cash back at the register
- Send money for free to other Scarlet Accountholders
For more information and to open an account, visit
getScarlet.com.
About InComm Payments InComm Payments is a global leader
in innovative payments technology. Leveraging dynamic technology
and proven expertise, InComm Payments delivers enhanced end-to-end
payment platforms and emerging financial technology solutions that
help businesses grow across a wide range of industries including
retail, healthcare, tolling & transit, incentives, mobile
payments and financial services. By enabling omnichannel
connections to an ever-expanding consumer base in an increasingly
digital ecosystem, InComm Payments creates seamless and valuable
commerce experiences across the globe. With more than 29 years of
experience, over 500,000 points of distribution, 402 global patents
and a presence in more than 30 countries, InComm Payments leads the
payments industry from its headquarters in Atlanta, Ga. Learn more
at www.InCommPayments.com.
About MetaBank®, N.A. MetaBank®, N.A., a national bank, is a
subsidiary of Meta Financial Group, Inc.® (Nasdaq: CASH), a South
Dakota-based financial holding company. At Meta, our mission is
Financial Inclusion for All®. We strive to remove barriers to
financial access and promote economic mobility by working with
third parties to provide responsible, secure, high quality
financial products that contribute to the social and economic
benefit of communities at the core of the real economy. Meta works
to increase financial availability, choice, and opportunity for
all.
1 Scarlet™ Bank Account is a demand deposit account established
by MetaBank®, National Association, Member FDIC. 2 Must be a
myWalgreens™ member. Walgreens Cash rewards are not legal tender.
No cash back. Walgreens Cash rewards good on future purchases.
Exclusions apply. Complete details, including Walgreens Cash
rewards expiration dates and Demand Deposit Account Rewards Terms,
at getScarlet.com/Legal. 3To receive a $10 statement credit to your
Scarlet Bank Account, you must successfully register online at
getScarlet.com for a new Scarlet Account and make a single in-store
or online merchant purchase of $10 or more with your Scarlet debit
card or temporary virtual card by 11:59pm ET September 30, 2021.
Bill payments, fees, ACH payments (using your Account and Routing
numbers), over-the-counter cash withdrawals, cash back at point of
sale or transfers from your Account do not qualify as merchant
purchases. Other exclusions may apply. Statement credit will be
posted within 30 days of the promotional end date. Limit one (1)
$10 credit per customer. Offer subject to change or cancellation at
any time. 4 Faster access compared to standard payday electronic
deposit and subject to your employer submitting paycheck
information to the bank before payday. Your employer may not submit
paycheck information early. 5 Terms and conditions apply. You can
add cash at other locations for up to $3.95. For details, please
visit getScarlet.com/Legal. Message and data rates may apply. 6
Free in-network ATM withdrawals at over 55,000 Allpoint ATMs. 7 The
Mobile Check Capture by Ingo Money service is provided by First
Century Bank, N.A. and Ingo Money, Inc., subject to the First
Century Bank and Ingo Money Terms and Conditions and Privacy
Policy. All checks are subject to approval for funding in Ingo
Money’s sole discretion. Approval usually takes 3 to 5 minutes but
can take up to one hour. Fees apply for approved Money in Minutes
transactions funded to your Account. See getScarlet.com/Fees for
details. Additional terms and conditions and limits are associated
with your use of the Mobile Check Capture by Ingo Money service
through the Scarlet Mobile App. See getScarlet.com/Legal for
details. Data rates may apply. 8 After you register your Account,
your deposits are federally protected with FDIC insurance. See
getScarlet.com/FDIC for more information.
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version on businesswire.com: https://www.businesswire.com/news/home/20210902005276/en/
Nilce Piccinini InComm Payments npiccinini@incomm.com
Emily Hartwig-Mekstan Walgreens media@walgreens.com
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