PLEASANTON, Calif., Jan. 27, 2014 /PRNewswire/ -- Blackhawk Network today announced that its affiliate Blackhawk Network California, Inc. is the technology and service provider of the T-Mobile® Visa® Prepaid Card, issued by The Bancorp Bank and launched by T-Mobile USA, Inc. The card is designed to be used with Mobile Money, a smartphone app from T-Mobile, powered by Blackhawk Network, offering consumers a new way to manage money directly from their capable smartphones. In addition, those who provide their T-Mobile wireless number at registration will receive preferred pricing which includes: $0 purchase fee, $0 reload fee for reloads in T-Mobile retail stores, $0 monthly maintenance fees*, and $0 fee for withdrawals made using a nationwide surcharge-free ATM network.**
Consumers can download the free Mobile Money app onto their capable mobile device for easy access to their T-Mobile card account, as well as enroll for the T-Mobile Visa Prepaid Card on their mobile phone. Once activated after successful card registration, the physical card functions as a Visa prepaid card that may be used everywhere Visa cards are accepted. The Mobile Money app, in conjunction with the card, allows cardholders access to numerous benefits, including remote deposit check capture through their phone's camera, bill pay across other accounts (subject to payee participation and qualifying transactions), and online shopping.
"The more connected the on-the-go consumer is, the more there's a need to have their finances and access to spending in a convenient place that's everywhere they are," said Talbott Roche, Blackhawk Network president. "With Mobile Money by T-Mobile, it's easier than ever for consumers to manage their spending all from their mobile device, while creating additional opportunities for engagement and future purchases for our retail partners."
Mobile Money App and Card Features:
Once T-Mobile customers have successfully registered and completed customer identification for their prepaid card, they have access to premium features, which include:
- Paying their T-Mobile wireless bill
- Simple, one-touch access to view or pay their account balance
- Daily balance alerts sent to their mobile device
- Direct deposit enrollment
- Remote deposit capture
- Financial management tools
- Card to card money transfer
- Shop everywhere Visa debit cards are accepted
- Access to more than 42,000 surcharge-free Allpoint ATM locations, nationwide
- Transfer balances across multiple T-Mobile cards
The T-Mobile Visa Prepaid Card can be found at participating T-Mobile retail store locations and beginning in February will be available in Safeway stores and its affiliated banners including Von's, Randall's, Tom Thumb and Carr's in the United States.
About Blackhawk Network
Blackhawk Network Holdings, Inc. (NASDAQ: HAWK) is a leading prepaid payment network, which supports the program management and distribution of gift cards, prepaid telecom products and financial service products across a global network. Blackhawk's digital platform supports prepaid across a network of digital distribution partners including retailers, financial service providers, and mobile wallets. For more information please, visit www.blackhawknetwork.com.
The card is issued by The Bancorp Bank, a wholly owned subsidiary of The Bancorp, Inc. (Nasdaq: TBBK), pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted. The Bancorp Bank; Member FDIC.
* Qualifying T-Mobile plan and card registration required for full benefits and reduced fees. See http://T-Mobilemoneyservices.com for fees and limitations (including arbitration provision). ** Customers who use an ATM outside of T-Mobile's partner network will be subject to ATM fees.
Forward Looking Statements
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are indicated by words or phrases such as "guidance," "believes," "expects," "anticipates," "estimates," "plans," "continuing," "ongoing," and similar words or phrases and the negative of such words and phrases. Forward-looking statements are based on our current plans and expectations and involve risks and uncertainties which are, in many instances, beyond our control, and which could cause actual results to differ materially from those included in or contemplated or implied by the forward-looking statements. Such risks and uncertainties include the following: the possibility that our preferred pricing offer may not continue, our ability to obtain payee participation as part of the bill pay functionality, our ability to implement distribution of T-Mobile cards into Safeway and other retail locations, our ability to grow at historic rates or at all, the consequences should we lose one or more of our top distribution partners or fail to attract new distribution partners to our network or if the financial performance of our distribution partners' businesses decline, our reliance on our content providers, the demand for their products and our exclusivity arrangements with them, our reliance on relationships with card issuing banks, the consequences to our future growth if our distribution partners fail to actively and effectively promote our products and services, the requirement that we comply with applicable laws and regulations, including increasingly stringent money-laundering rules and regulations, risks related to our ongoing relationship with Safeway and other risks and uncertainties described in our reports and filings with the Securities and Exchange Commission, including the registration statement filed in connection with our initial public offering and our subsequent Quarterly Reports on Form 10-Q. We undertake no obligation to update forward-looking statements to reflect developments or information obtained after the date hereof and disclaim any obligation to do so other than as may be required by law.
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SOURCE Blackhawk Network Holdings, Inc.