InComm Lands New Partnerships in Asia, U.S. (March 3, 2014)
InComm has partnered with a major Asian online payment service provider to launch a POS-activated gift card mall platform in Southeast Asia. The deal with Malaysia-headquartered Money Online (MOL) will bring InComm’s existing POS activation technology to Malaysia, Singapore and Thailand, beginning in mid-2014, with additional markets to follow.
Frank Monaco, senior vice president and general manager, international, InComm, noted that Southeast Asia is a “significant potential POS-activation market,” and said the companies were committed to providing consumers there with “a simple and secure shopping experience.” While no specifics of the partnership’s merchant network were revealed, the partnership is likely to benefit from MOL’s majority ownership by Vincent Tan, who also holds the local rights to major retail brands, including Starbucks and 7-Eleven.
Meanwhile, in the U.S., InComm has inked a deal with Rezzcard, a New Jersey-based rent payments and mobile communications company focused on serving tenants of affordable housing communities. Rezzcard will integrate InComm’s Cashtie platform into its payment system, enabling Rezzcard holders to pay their rent in cash at a network of 70,000 retail locations nationwide using a barcode that is scanned at the POS.
“We focus on affordable housing communities where the majority of tenants are using cash to buy money orders to pay rent,” said Alex Cooper, CEO, Rezzcard. “InComm’s Cashtie technology fits in perfectly with our strategy of providing fast, safe and secure rent payments. As we expand our reach nationally we can offer the safety and convenience of letting our customers pay their rent in a brick-and-mortar store and have immediate proof of payment.”