Fancards Launches Innovative Mobile App for Collegiately Licensed Prepaid Cards, Compatible with Apple Wallet

BIRMINGHAM, Ala., Jan. 7, 2019 /PRNewswire/ -- Fancards announced the release of a new mobile app, available for download immediately on the Apple App Store and Google Play Store, with a host of new features and capabilities.

"By enabling real-time issuance of collegiately licensed cards and providing the ability to create sub-cards under a primary account, we have taken the steps to ensure our cardholders have the best user experience and advanced technological tools at their fingertips," said Fancards Co-Founder and EVP Greg Boggs. "Combining these new features with our emphasis on providing the 'Ultimate Fan Experience' through partnerships with our 20+ teams, we believe we are at the forefront of the industry in terms of both customer experience and innovation."

The iOS app includes compatibility with Apple Pay and features such as sub-cards, recurring bank transfers, direct deposit, cash reloading, and real-time spending alerts. Furthermore, the Fancards app allows for in-app provisioning, allowing you to add a virtual payment card to Apple Pay instantly, before waiting for your physical card to arrive in the mail.

"Our mobile app is set to be a major disruptor within the fintech space. We believe Fancards is the first affinity card company to offer in-app provisioning and instant digital cards at this scale, as we now offer over 35 card designs in Apple Wallet," Boggs said. "One key feature is the ability for cardholders to issue sub-cards to help with allowances, budgeting, and other expenses."

Fancards is the only collegiately licensed prepaid card in the country, offering prepaid reloadable cards and prepaid gift cards for over 20 teams. Fancards recently reached a partnership agreement with Payment Data Systems (NASDAQ: PYDS) to support its reloadable card program management, processing, and the development of Fancard web and mobile applications.

To order your Fancard, download the "Fancards-Pay with Team Pride" app through Apple App Store or Google Play Store, or find your team at myfancard.com.

About Fancards

Fancards is the is the nation's only provider of collegiately licensed prepaid reloadable cards and gift cards. Based in Birmingham, Alabama, our mission is to bring fans nationwide a new way to show their fandom everywhere they go. We are fueled by fandom and united with our community of cardholders through our passion for our teams. We are proud to partner with over twenty universities, including the Alabama Crimson Tide, Michigan Wolverines, and Texas Longhorns among many more, and plan to partner with several additional universities in the near future. By connecting your team to your wallet, we are changing the game for fans everywhere by providing the Ultimate Card for Ultimate Fans. For more information, visit our website at ufancards.com, follow us on Facebook, Twitter, Instagram, LinkedIn, Youtube, or contact us at [email protected].

The Fancard Prepaid Mastercard is issued by Sunrise Banks N.A., Member FDIC, pursuant to a license from Mastercard International Incorporated. This card may be used everywhere Debit Mastercard is accepted. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. Use of this card constitutes acceptance of the terms and conditions stated in the Cardholder Agreement.

About Payment Data Systems, Inc.

Payment Data Systems, Inc. a leading integrated payment solutions provider, offers a wide range of payment solutions to merchants, billers, banks, service bureaus, and card issuers. The Company operates credit, debit/prepaid, and ACH payment processing platforms to deliver convenient, world-class payment solutions and services to their clients. The strength of the Company lies in its ability to provide tailored solutions for card issuance, payment acceptance, and bill payments as well as its unique technology in the prepaid sector. Payment Data Systems is headquartered in San Antonio, Texas, and has offices in Franklin, Tennessee, just outside of Nashville.
Websites: www.paymentdata.com, www.singularpayments.com, www.payfacinabox.com, www.akimbocard.com, and www.ficentive.com . Find us on Facebook® and Twitter.

Forward-Looking Statements Disclaimer

Except for the historical information contained herein, the matters discussed in this release include forward-looking statements which are covered by safe harbors. Those statements include, but may not be limited to, all statements regarding management’s intent, belief and expectations, such as statements concerning our future and our operating and growth strategy. These forward-looking statements are identified by the use of words such as “believe,” “irtend,” “look forward,” “anticipate,” “schedule.” and “except” among others. Forward-looking statements in this press release are subject to certain risks and uncertainties inherent in the Company's business that could cause actual results to vary, including such risks related to the realization of the anticipated opportunities from the Singular acquisition, the management of the Company's growth, the loss of key resellers, the relationships with the Automated Clearninghouse network, bank sponsors, third-party card processing providers and merchants, the security of our software, hardware and information, the volatility of our stock price, the need to obtain additional financing, risks associated with new tax legislation, and compliance with complex federal, state and local laws and regulations, and other risks detailed from time to time in the Company’s filings with the Securities and Exchange Commission including its annual report on Form 10-K for the fiscal year ended December 31, 2017. One or more of these factors have affected, and in the future, could affect our businesses and financial results in the future and could cause actual results to differ materially from plans and projections. We believe that the assumptions underlying the forward-looking statements included in this release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusions of such information should not be regarded as a representation by us or any other person that our objectives and plans will be achieved. All forward-looking statements made in this release are based on information presently available to our management. We assume no obligation to update any forward=looking, statements, except as required by law.

Contacts
Investor Relations:
Joe Hassett
Gregory FCA
[email protected] 
484-686-6600

About Sunrise Banks

Sunrise Banks, N.A., based in St. Paul, Minnesota, seeks to radically change the way urban communities and people thrive by empowering them to achieve financial wellness. Sunrise is certified by the U.S. Treasury as a Community Development Financial Institution (CDFI), a designation earned by approximately 100 banks nationwide. Sunrise Banks is also a member of the Global Alliance for Banking on Values, a public benefit corporation and is a certified B Corp for its demonstrated commitment to transparent corporate governance and positive community impact. Visit Sunrise Banks at SunriseBanks.com, on Twitter @SunriseBanks, or on Facebook. Sunrise Banks is Member FDIC.

Google Play is a trademark of Google, Inc.

Apple and the Apple logo are trademarks of Apple, Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc.

SOURCE University Fancards

Related Links

https://ufancards.com