ATLANTA, June 29, 2017 /PRNewswire/ -- Continuing to accelerate its momentum and growth, Greenlight Financial Technology, Inc., today announced that the Greenlight smart debit card for kids now works internationally, and also integrates with Apple Pay. To continue its leadership in Fintech innovation, Greenlight appointed Nancy Cox, former CTO of WorldPay and CIO of Fiserv, as CTO.
Effective immediately, Greenlight's smart debit card for kids can be used internationally in over 120+ countries. Greenlight began with a focus on the U.S. market and its 10,000+ customers are on track to complete over 1,000,000 transactions this year. Now, with summer approaching, kids traveling abroad for vacation or to study, can use their Greenlight debit cards instead of carrying cash.
In addition to its expanded international capabilities, Greenlight's smart debit card for kids now integrates with Apple Pay. As a result, kids don't need to have the physical Greenlight card in order to make a purchase – they just need their iPhones. With Apple Pay integration, Greenlight users have peace of mind that their payments by iPhone, Apple Watch, iPad, and Mac are safe and private.
"High schoolers often have a chance to visit other countries through their foreign language classes and many families take vacations internationally, so we're excited to enable our customers to use their Greenlight Cards worldwide," said Tim Sheehan, CEO and co-founder of Greenlight Financial Technology, Inc. "Young people are leading the way in paying for things using their mobile phones, so we're pleased to enable Apple Pay for Greenlight customers."
Finally, Greenlight also today announced the appointment of Fintech veteran Nancy Cox as CTO. As the former CTO of WorldPay and CIO of Fiserv, Cox will leverage her industry experience to continue Greenlight's strong emphasis on providing a safe, more convenient, and transparent digital payment experience. Cox also launched the FinTech program at the ATDC on behalf of Worldpay to drive innovation and support early stage FinTech ventures. Cox is also a board member of a nonprofit organization dedicated to helping women advance their careers, Women in Technology, leading the WIT Entrepreneurs program.
"Under the leadership of Nancy Cox, Greenlight will accelerate our innovation in debit card technology," said Sheehan.
Cox added, "I joined Greenlight because I believe in the vision they have for transforming personal finance for kids and their parents. Greenlight is helping parents raise financially smart kids with a unique solution that is safe, secure, and useful. I see the potential to make a material impact on the family finance market."
About Greenlight Financial Technology, Inc.
Greenlight Financial Technology, Inc. creates safe, healthy and family-friendly financial services. Greenlight's first product, a smart debit card for kids, is the world's first debit card for kids with patent-pending technology that lets parents pick the exact stores where their children can spend. The Greenlight card is issued by Community Federal Savings Bank, member FDIC, pursuant to license by MasterCard International. Headquartered in Atlanta, GA, this FinTech company has raised over $7.5 million in seed funding, backed by leading investors including Relay Ventures, Social Capital, NEA, TTV Capital, Boom Ventures and Tech Square Labs.
For more information on Greenlight, please visit www.greenlightcard.com, or follow Greenlight on Facebook and Twitter.
SOURCE Greenlight Financial Technology, Inc.