MIAMI, February 10, 2016 /PRNewswire/ --
Next Group Holdings, Inc. (OTCQB: PLKD) announced today that it plans to release its NEXTCALA mobile applications for both Android and iOS in April 2016, through its subsidiary Next CALA, Inc. ("Next CALA") in partnership with InComm. PLKD owns 94% of the issued and outstanding shares of Next CALA, which is one of PLKD's four operating subsidiaries.
Next CALA promotes and distributes NextCALA-branded Prepaid Visa® General Purpose Reloadable ("GPR") prepaid cards, bearing the Next CALA Debit™ and Visa® logos. Next CALA Prepaid Card® GPR cards are provided under licensing and operating agreements with prepaid industry-leaders IHFL and ITCFL, which are affiliated corporations and each of which is indirectly a wholly-owned subsidiary of InComm Holdings, Inc. and The Bancorp Bank pursuant to a license from Visa USA, Inc. The Bancorp Bank is a member of the FDIC. The Next CALA Prepaid Visa® GPR cards are distributed and serviced for Next CALA by ITC Financial Licenses, Inc.
Customers can load between $20 and $500 per load into their Next CALA Prepaid Visa® GPR cards anywhere in the Vanilla Reload Network Nationwide, which includes more than 50,000 retail locations in the United States, including most Walmart, Walgreens, CVS, Dollar General, and 7-Eleven stores, and anywhere in the Mio Worldwide Network, which includes more than 450,000 locations throughout the world. Customers can also load cash value into their Next CALA Prepaid Visa® cards via automated bank-to-bank direct deposit. Next CALA Prepaid Visa® cards are accepted wherever Visa Debit® cards are accepted, and can be used for transactions including ATM withdrawals and other ATM functions, remittances, bill payments, mobile-banking, virtual digital wallet functions, and purchasing at retail locations, online, and over the phone, as well as ACH Direct Deposit. The maximum load amount permitted per registered Next CALA Prepaid Visa® card is $10,000. Each Next CALA Prepaid Visa® GPR card comes with a routing number and unique account number, is FDIC insured, and can be used anywhere the Visa® logo is accepted.
The NEXTCALA mobile application will give users access to mobile banking and banking services 24 hours per day, 365 days per year. Users will be able to make mobile to mobile payments, transfer funds to family and friends, and see all balances and transactions through the application. Users will not only have an easy way to do banking they will also earn points that can be redeemed towards long distance calls either via voice or HD Video among other benefits via NEXTCALA Rewards program.
About Us: PLKD is a corporation headquartered in Miami, Florida, which, through its operating subsidiaries, engages in the business of using proprietary technology and certain licensed technology to provide innovative mobile banking, mobility, and telecommunications solutions to underserved, unbanked, and emerging markets. PLKD's principal executive offices are located at 1111 Brickell Avenue, Suite 2200, Miami, Florida 33131, and its telephone number at that location is (800) 611-3622. PLKD's web address is nextgroupholdings.com.
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NEXT Group Holdings, Inc.
SOURCE Next Group Holdings, Inc.