Matco Tools and LiveWallet Launch The Matco Tools Prepaid MasterCard® by LiveWallet™

PHOENIX, Oct. 17, 2011 /PRNewswire/ -- Matco Tools showed off its newest power tool, the Matco Tools Prepaid MasterCard® by LiveWallet™, this past weekend at the NHRA Arizona Nationals at Firebird International Raceway. Antron Brown drove the new look Matco Tools Prepaid MasterCard Top Fuel dragster to a runner up finish and took the lead in the world championship chase with just two races left to go.

(Photo:  http://photos.prnewswire.com/prnh/20111017/NY87787 )

The prepaid card program is a unique venture between Matco Tools and LiveWallet. The goal of the program is to make life more affordable for Matco Tools customers by providing a tool which combines smart money management with a rewards and loyalty program.

Unlike gift cards, cardholders have access to a robust online banking portal, mobile banking, online bill pay and can even direct deposit their paycheck onto the card for free. If cardholders have an existing bank account, they can link it to their card and add funds but no bank account is required to get the card. Additionally, funds can be added at thousands of MoneyGram locations nationwide and there is no credit check so it's easy to get a card.

LiveWallet adds extra savings and unique perks like an exclusive online cash back mall featuring over one thousand national retailers, a grocery store coupon portal, a personal assistant available 24-hours a day and the chance to win five thousand dollars every two weeks just for using the card.

"Today it's more important than ever to save money. This program empowers our customers to shop, get cash back, save money on their tools and even win. It's truly unique and we couldn't be happier to offer this to our customers," says Tom Hill, CFO of Matco Tools.    

Lisa Mirable, media spokesperson for LiveWallet said, "Matco Tools is a perfect partner for the LiveWallet program. They have an extraordinary commitment to their customers and wanted a state-of-the-art, comprehensive rewards and loyalty program featuring their own private-label card solution."

Next up for the Matco Tools Prepaid MasterCard by LiveWallet Top Fuel Dragster will be the Big O Tires NHRA Nationals at Las Vegas Motor Speedway on Thursday, October 27th - Sunday, October 30th.  

The Matco Tools Prepaid MasterCard by LiveWallet is issued by University National Bank pursuant to a license by MasterCard International Incorporated®.

About Matco Tools
Matco Tools manufactures, distributes and services premium quality automotive equipment, tools, and tool storage for the professional technician. The company has more than 60 years of national brand experience in the automotive equipment industry and a vast product line of more than 13,000 of the highest quality, innovative tools and accessories. The company's franchise offering has no franchise, royalty, or advertising fees. Initial corporate and ongoing local training create and build outstanding value for the franchisee's business.  For more information on Matco Tools products or franchise opportunities, visit www.matcotools.com.

About LiveWallet
LiveWallet™ is a one of a kind program that includes unique perks, rewards, a chance to win five thousand dollars every two weeks and a personal assistant all in conjunction with a prepaid MasterCard®. LiveWallet offers a turnkey private label solution for mass distribution platforms, employers and other opportunities.    

SOURCE Matco Tools