Published: February 04, 2011
Cardlytics, NetSpend Partner to Bring Targeted Rewards Offers to Underbanked Consumers via Prepaid Debit Cards
ATLANTA - (BUSINESS WIRE) - Cardlytics,
the pioneer of transaction
marketing, and Austin, Tex.-based NetSpend
Holdings, Inc., a leading provider of general-purpose reloadable
prepaid debit cards and related financial services to the 60 million
underbanked consumers in the US, have partnered to provide consumers
with highly targeted rewards based on their prepaid debit transactions.
Through this partnership, participating merchants will have the ability
to effectively market directly to NetSpend's two million active
customers through promotional offers based on individual cardholders'
purchases. Offers are presented to consumers for activation through
their online and mobile bank activity statements, and redemption occurs
simply through the use of the prepaid card.
Cardlytics' transaction marketing platform is unique in that it provides
retailers with the ability to present relevant offers to targeted
consumers. Retailers can quickly and easily adjust the placement of
offers to maximize their results - a level of efficiency not currently
available with any other marketing vehicle.
"NetSpend is a proven market leader in serving consumers who are looking
for alternatives to traditional debt and credit cards," said Lynne
Laube, president of Cardlytics. "We are excited about the
opportunities that this partnership presents for our retail advertisers
to drive purchase activity among this important group of consumers."
About Cardlytics
Through a highly relevant, "market-of-one" approach, Cardlytics unites
banks and merchants to provide rich rewards to customers based on their
individual purchase behavior. Its technology tracks consumers' actual
purchases, providing the first digital channel that can guarantee
offline sales and help consumers realize savings of hundreds of dollars
per year on the products they purchase every day. The rewards improve
consumers' banking behavior by increasing usage, reducing attrition and
strengthening engagement with online banking. Cardlytics' multi-channel
approach includes online banking, SMS, e-mail, mobile, online-mall and
social networks. For more information about Cardlytics, visit www.cardlytics.com.

For Cardlytics
Heather Sugg, 813-374-6362
or
Mary York,
407-371-0173
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