FORT WAYNE, IN–(Marketwired – Jan 7, 2016) – New Wave Holdings, Inc. (OTC: NWAV), an electronic #payment services and solutions company with a focus in developing innovative #prepaid programs, announces today that it is partnering with a technology platform that accesses a pool of revenue generated from online and gift card sales.
The platform will give SchoolFuel cardholders access to cash-back shopping at thousands of retailers including Macy’s, Kohl’s, Amazon.com, Office Max, PetCo, Best Buy and more. Cardholders can shop online or by using a convenient android or iOS application fully customized for the SchoolFuel Program and its users.
Each time the cardholder uses the platform, anywhere from 1-15% of the total purchase will be generated for the cardholder’s organization. SchoolFuel retains a portion of each and every transaction toward attractive potential revenues.
The platform uses proprietary technology to merge the affiliate online marketing space with the employee benefit world, creating a flexible platform that can be used to offer incredible incentives for SchoolFuel users.
The mobile app provides enhanced end-user communication and engagement through push notification technology offering users seamless access to new found money, deals and offers and will be incorporated into the Company’s overall mobile strategy.
“The technology is state of the art,” notes SchoolFuel co-founder Steve Devine. “Mark (Newbauer, co-founder) and I have been beta testing the software the past few weeks and the geo-targeting capabilities are terrific. You drive by a Walgreens and the app pops up a message telling you to shop online at Walgreen’s and get x% cash back. We expect to begin development this month with 6-8 week turnaround expected.”
The SchoolFuel Program is fully approved by an FDIC insured issuing bank and co-branded by a major Network. The SchoolFuel team is prepared to immediately market the card upon confirmation that inventory is ready for order. Production is currently underway and execs are hopeful that a hard card will be available to distribute in the coming weeks.
As well, SchoolFuel has purchased the domain SimpleScrip.com and is currently working with its IT partner to integrate FirstView’s API with the site for full backend support including card application, access to mobile applications, direct deposit and a dedicated customer support line for cardholders, all managed by FirstView and their strategic alliances to allow SchoolFuel to maintain its focus on marketing the program to non-profits and their supporters.
SchoolFuel is New Wave’s inaugural program which consists of a GPR debit card that streamlines current #scrip programs by providing parents and faculty with a Network Co-Branded Prepaid Reloadable Debit Card, allowing a donation to be effected with everyday purchases.
The SchoolFuel card will also provide retailer discounts and value-added benefits to its cardholders, making it a one-of-a-kind tool.
If you haven’t heard the most recent shareholder conference call- Please visithttp://newwaveholdings.com/investors/ to listen today!
New Wave Holdings is a Holding Company focused in electronic payment services and solutions with a focus in bringing innovative prepaid programs to market. The company strives to be a leading contender in the issuance of prepaid solutions and services that are both highly marketable and with socially conscious profitability.
SchoolFuel, LLC is a Company dedicated to innovative fundraising solutions for schools, universities, club teams, churches and more! It’s inaugural program is a General Purpose Reloadable Debit Card which uses a patent-pending process to effect donations for consumer chosen non-profits.
FirstView Financial is a leading provider of financial, mobile and payment technology solutions. FirstView provides innovative payment solutions to help companies create new revenue streams, reduce cost, increase security and improve efficiency. Over the last decade FirstView has been delivering prepaid program management and processing services supporting a diverse array of prepaid card solutions. FirstView Mobile payment solutions allow companies to capitalize on the dramatic shift to mobile payments.
With decades of payment management experience, FirstView excels at innovation in the high-growth electronic, prepaid and mobile payment markets. FirstView provides turnkey prepaid debit card program solutions enabling clients to enjoy all the benefits of operating a fully custom prepaid program, without the compliance, risk management, overhead and operational burdens associated with entering the program management business directly. FirstView was recently honored with two prestigious 2014 and two 2015 Paybefore prepaid Industry Achievement Awards, including the award for our core business of white labeling prepaid programs. FirstView was recently honored with two prestigious 2014 PayBefore prepaid Industry Achievement Awards. Providing innovative payment solutions since 2005, the company is headquartered in Atlanta, GA.
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward- looking statements to reflect events or circumstances after the date of this release.
- Contact Investor Relations
New Wave Holdings, Inc.