ATLANTA and MIAMI, Jan. 27,
2022 /PRNewswire/ -- InComm Payments, a leading
payments technology company, today announced that it has partnered
with Cuentas, Inc. (Nasdaq: CUEN & CUENW) ("Cuentas"), a
leading fintech provider of mobile banking and payment solutions
focused on Hispanic and Latino communities, to distribute transit
cards (tap and go) at participating retail locations in
New York City.
Cuentas, in partnership with InComm Payments and prepaid telecom
and digital provider SDI Black 011 (SDI), has integrated with
New York City's new fare payment
system to enable retail sales and reloads of transit cards.
Transit smart cards are the newest and easiest way for riders to
pay for public transportation. They are currently accepted
across all subway stations and on all buses, allowing riders
to tap and go throughout New York
City.
"Everyone needs a fast and easy way to pay for transit fares and
making these cards available at retail locations gives all riders
better access to the tap and go system," said Jeff Johnson, CEO of Cuentas. "Our payments card
technology, together with InComm Payments' transit solutions and
SDI's retail software capabilities, are enabling access in this
essential retail channel, with more locations to come online in the
coming months."
"Transit programs like this need retail locations upon which
riders can consistently rely," said Michael
Herold, Vice President of Business Development at InComm
Payments. "This retail access makes it easy for consumers,
especially those who may be cash-preferred, to purchase fares and
reload their transit accounts. These local retailers, meanwhile,
benefit from the additional foot traffic."
Riders can simply purchase transit cards at retail and then tap
and ride at participating New York
City transit stations throughout the region. Once purchased,
they can reload their existing card at any of these retail
locations or in the Cuentas app. Cuentas customers can also use
their Cuentas card and account to reload transit cards directly in
the Cuentas app.
Transit cards currently support a full-fare, pay-per-ride
option, including free transfers. Additional fare options will be
available during future phases of the rollout, including reduced
fares, student fares, special programs, and more.
About InComm Payments
InComm Payments is a global
leader in innovative payments technology. Leveraging dynamic
technology and proven expertise, InComm Payments delivers enhanced
end-to-end payment platforms and emerging financial technology
solutions that help businesses grow across a wide range of
industries including retail, healthcare, tolling & transit,
incentives, mobile payments and financial services. By enabling
omnichannel connections to an ever-expanding consumer base in an
increasingly digital ecosystem, InComm Payments creates seamless
and valuable commerce experiences across the globe. With three
decades of experience, over 500,000 points of distribution, 402
global patents and a presence in more than 30 countries, InComm
Payments leads the payments industry from its headquarters in
Atlanta, Ga. Learn more at
www.InCommPayments.com.
About Cuentas
Cuentas, Inc. (Nasdaq: CUEN & CUENW) is a fintech e-banking and
e-commerce service provider with proprietary technology that
delivers digital financial services to the underbanked and
un-banked Hispanic and Latino population. Our products and services
expand access to mobile and online banking services including
prepaid debit, ACH deposits, access to cash via ATM, peer-to-peer,
domestic and international money transfers, add cash at more than
70,000 locations. The Cuentas General Purpose Reloadable (GPR) Card
includes a digital wallet, discounts for purchases at major
physical and online retailers, rewards, and the ability to purchase
digital content. Learn more at https://cuentas.com/
Forward-Looking Statements
This news release contains "forward-looking statements," as that
term is defined in section 27a of the United States Securities Act
of 1933, as amended, and section 21e of the United States
Securities Exchange Act of 1934, as amended. Statements in this
press release, which are not purely historical, are forward-looking
statements and include any statements regarding beliefs, plans,
expectations, or intentions regarding the future. Except for the
historical information presented herein, matters discussed in this
news release contain forward-looking statements that are subject to
certain risks and uncertainties that could cause actual results to
differ materially from any future results, performance or
achievements expressed or implied by such statements. Statements
that are not historical facts, including statements that are
preceded by, followed by, or that include such words as "believe,"
"plan," or "expect" or similar statements are forward-looking
statements.
Media contacts
Anthony Popiel
Dalton Agency
404.876.2800 x 1309
apopiel@daltonagency.com
Nilce Piccinini
InComm Payments
404-935-0377
npiccinini@incomm.com
Investor Relations
Cuentas, Inc.
800-611-3622
info@cuentas.com
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SOURCE InComm Payments