InComm to Launch Poni(R) Cards on Pre-paid Retail Displays
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World's first instant remittance card redeemed on Mexican ATMs ATLANTA, June 10 /PRNewswire/ -- InComm, a leading provider of prepaid transaction processing and electronic point-of-sale (POS) distribution solutions, announced today a relationship with American Cash Exchange, Inc., a personal payment solutions provider and creator of the Poni(R) Card, a US-to-Mexico money remittance card sold in peso values. Under the terms of the agreement, InComm will exclusively process and distribute Poni Cards throughout North America. Poni Cards enable individuals living in the United States who transfer money internationally to purchase and instantly transfer money to Mexico. The recipient uses a card similar to an ATM card to withdraw peso transfers from over 26,000 ATM machines in Mexico, 24/7. There are no hidden fees charged to the recipient or the purchaser. No bank account or ATM card is required to transfer the funds and the Poni Card includes a free call to Mexico. This call allows the consumer to communicate the redemption number that is needed for the recipient to retrieve the funds. The peso denominated cards will be initially distributed with a 2000 peso face value, although other denominations are planned. When the card is activated at retail check-out, the recipient of the funds may immediately withdraw 2000 pesos from an ATM in Mexico using the number disclosed by the purchaser. "By delivering this cutting edge remittance technology, InComm's retailer customers will be able to provide the Hispanic community with access, at 145,000 retail locations, to the most convenient remittance option in the world," said Brooks Smith, InComm President and CEO. "InComm is committed to providing our customers with the best pre-paid products available in the marketplace today, and we are very excited to offer American Cash Exchange's Poni Card. Today's announcement reflects our dedication to augment our product offerings for our retailers," he added. According to Don Licciardello, CEO of American Cash Exchange, "Only Poni Cards provide 24/7 availability when receiving money transfers. Our relationship with InComm ensures that these revolutionary products will be available to the grocery, drug, convenience and 'big box' chains, thereby gaining widespread consumer availability for the solution." Mr. Licciardello added, "This innovative product in the prepaid and remittance industries allows for a complete money transfer 24 hours per day, taking advantage of the ubiquity of cash dispensing machines." About InComm: InComm is the industry leading marketer, distributor and technology innovator of stored-value gift and prepaid products using its state-of-the-art point-of-sale transaction technology and payment solutions to revolutionize retail product sales and customer experiences. With almost $8 billion in retail sales transactions processed in 2007, InComm is the nation's largest provider of gift cards, prepaid wireless products, reloadable debit cards, digital music downloads, content, games, software and bill payment solutions. InComm partners with consumer brand leaders around the world to provide more than 145,000 retail locations the products and services their customers demand. Since 1992, InComm's patented technologies have made the buying process easier for consumers while streamlining the selling process for product and retail partners. To learn more about InComm, visit www.incomm.com or call 1.800.352.3084. InComm is headquartered in Atlanta with offices in Japan, Canada, the United Kingdom, Puerto Rico, Colorado, Texas, Florida, New Jersey, Oregon, Arkansas, Alabama, Minnesota and Mississippi. About American Cash Exchange: American Cash Exchange is a privately-held company founded in August 2002 and located in Pennington, New Jersey, offering personal payment solutions for the international marketplace. The founding partners previously presented the first consumer bill on the Internet. SOURCE InComm Jenn Boutwell of InComm, +1-770-882-2240, firstname.lastname@example.org; or Debra Porter of American Cash Exchange, Inc., +1-609-537-0064, email@example.com
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