PayForward Simplifies The Payment Process With The Launch Of Its New Visa® Link Card
New financial technology company extends platform with innovative feature connecting users' existing debit and credit cards to accounts
SANTA CLARITA, Calif., Sept. 29, 2015 /PRNewswire/ -- PayForward, a mobile financial platform designed to align the interests of consumers, merchants and enterprise partners, today announced the launch of its Visa® Link Card – the first card of its kind allowing users to earn instant cash from PayForward merchant partners while still receiving rewards from their current providers. This new feature aims to strengthen PayForward's convenience and effectiveness by allowing members to use assets already in their wallets.
Rick Malcolm, head of North American specialized sales at Visa®, stated, "Visa® has a variety of flexible options that allow for innovation by our clients, such as PayForward's financial technology that provides instant cash payments from a merchant to a PayForward member within seconds of the transaction, at no cost to the user. Similar to our prepaid options, innovative platforms, including PayForward's Visa® Link Card, will continue to expand and ultimately support further growth in electronic payments as a whole."
PayForward's exclusive technology gives members the unique ability to link existing Visa® debit or credit cards to an active online account with personalized money allocation options. Through simply joining the PayForward network, members can immediately connect their accounts with active cards and begin experiencing the benefits through the PayForward Mobile App.
The cash members receive by swiping their Visa® Link Card or PayForward debit card at merchant partners is delivered in real time to their PayForward members. Members have the option to spend their cash instantly or transfer it to friends, a charitable cause, a personal savings, or a bank account.
"PayForward serves as a platform for consumers to easily fund life's priorities whether that is saving for vacations, contributing to charities or funding retirement and healthcare," said Armando Rand, president and co-founder of PayForward. "We designed the new feature to bring that mission to life and provide a unique platform that's both simple and effective for our users looking to increase their personal discretionary income."
In addition to the Visa® Link Card, PayForward integrates revolutionary features into its platform including member-to-member micropayments and free money transfers permitting users to send, receive and use funds immediately – all with no additional charges.
For more information on PayForward and to see a full list of merchant partners, visit www.payforward.com.
About PayForward
PayForward is a revolutionary financial technology company providing members with a way to earn instant cash by shopping at participating merchant partners including restaurants, retail stores, grocers and more. Consumers can allocate cash earned into multi-fund accounts created for personal causes, charitable donations or both. Additionally, PayForward offers a number of revolutionary features including free instant money transfers, micropayments and the new Visa® Link Card, which allows users to connect eligible Visa® debit or credit cards to their PayForward accounts.
Founded in 2013, PayForward was created by accomplished entrepreneurs Armando Rand, Steve Marks and Ronnie Silos to help revitalize America's economy by aligning the interests of consumers, merchants and enterprise partners globally. For more information on PayForward, visit www.payforward.com.
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SOURCE PayForward
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