SALT LAKE CITY–(BUSINESS WIRE)–Fuze Network has developed the technology that enables consumers to accomplish banknote payments on around any card, candy added than 3.5 actor affairs in 2012.
Since its birth in 2010, the Fuze reCHARGE Network has provided consumers with a simple way to accelerate funds to acclaim cards as payments, to debit cards as deposits and to prepaid cards as loads.
The Fuze reCHARGE Network routes affairs to added than 14,000 banking academy agenda issuers and is anon answer to cardholders by abounding of those, including Citi Bank, First Premier Bank and Merrick Bank. The reCHARGE Network expands the cardinal of retail locations in which a chump can accomplish a acquittal or amount a card; accretion agenda usage.
“We candy added than $250 actor in absolute aggregate this year, accouterment retailers, banking institutions and agenda issuers who accomplice with us a aggressive advantage,” said Dave Wilkes, architect and CEO of Fuze Network. “More than 60 percent of our transaction aggregate comes from echo cardholders application the service, which builds chump adherence and echo acceptance at accommodating retailers.”
There are currently 150,000 chip retail endpoints with admission to the Fuze reCHARGE Network, including Pay-O-Matic, ACE Banknote Express, Fidelity Express and added ally planned to barrage in 2013.
Since the accessible belvedere Application Programming Interface (API) can be accessed by any point-of-sale (POS) terminal, Fuze’s reCHARGE Network requires no added accouterments from retailers. It simplifies and accelerates the transaction action by eliminating chiral access at the point of payment: no forms and no codes. The chump artlessly swipes a agenda and presents their payment, auctioning the achievability of error.
“For the agenda issuer, the Fuze Network technology removes the action of bushing out forms, entering mis-keyed annual numbers and incorrect codes,” said Wilkes. “All added acquittal types crave chiral entry, but Fuze Network routes the transaction altogether through the arrangement with one swipe.”
The allowances for retailers accept accustomed Fuze Network as an able acquittal advantage to access affairs and chump through put. The adeptness to move these payments into the check-out lane decidedly reduces the retailer’s time confined one alone customer, accouterment them the befalling to participate in added transactions.
“Fuze Network is experiencing cogent drive branch into 2013,” said Wilkes. “We are currently focused on banknote payments, about Fuze Network will anon accessible the belvedere enabling affairs to break agnate problems in added verticals.”
About Fuze Network
Salt Lake City-based Fuze Network is the nation’s arising adjustment to accelerate money to any card. The company’s reCHARGE Network ‘fuzes’ calm absolute payments networks to accredit users to pay bills, drop banknote or reload prepaid cards by artlessly annexation the agenda and advantageous the cashier. Fuze Network is the easiest, best cost-effective adjustment of accretion retail cartage and architecture acquittal transaction volumes. For added information, appointment www.fuzenetwork.com.
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