Phoenix, Arizona (PRWEB) November 06, 2013
New Media Insight Group, Inc. (NMED) today announced that they have launched mCardNetwork.com a Smartphone payment and loyalty rewards platform. The platform allows consumers to set up and pay at merchants with dynamically generated, fully trackable pre-paid vouchers (mCard’s) that are created and displayed on their Smartphone. For merchants, the platform has virtually no barriers to entry: it requires no new hardware and no new software. Authorization of mCards occurs using existing credit card authorization terminals.
Through mCardNetwork.com, consumers are able to set up their own mobile wallet on any Smartphone platform and make use of highly secure dynamically generated mCard’s that are similar to a regular credit cards but have added bonus features such as discounts and loyalty rebates that are uniquely tied to specific participating merchants.
New Media Insight Group, Inc. is currently expanding and developing its sales and marketing force to handle the promotion of the groundbreaking mCard network platform. The mCard system was developed by PayWith Worldwide and runs directly on the MasterCard Network. The solution was created with the intention of removing all barriers to entry for businesses and consumers with respect to the adoption of mobile payments and mobile loyalty programs.
According to the latest research from our Wireless Smartphone Strategies (WSS) service, the number of Smartphone’s in use worldwide surpassed the 1 billion-unit mark in the third quarter of 2012. With over 29 million small and medium sized merchants in North America looking for new ways to attract and incentivize consumers to transact more frequently, New Media is now poised to take advantage of the tsunami of mobile payments opportunities ahead.
"This technology provides consumers with the convenience to securely pay with their Smartphones and earn rewards every time they shop at a participating merchant. Who wouldn’t want that? It is the future of payments: gift cards and loyalty cards all rolled into one," said Michael Palethorpe, CEO, New Media Insights Group.
New Media Insight Group (NewMediaInsights.com) is a publicly listed Nevada company that trades under the symbol NMED on the OTCBB. The company’s focus is developing, acquiring and scaling solutions that monetize social and mobile media more effectively than traditional advertising. New Media Insight Group scours the marketplace for the most innovative and effective monetization solutions and is aiming to be the "One Stop Shop" for Small and Medium sized local businesses marketing, customer acquisition and retention needs.
PayWith Worldwide develops mobile payments and loyalty solutions for large-scale enterprises. The mission of PayWith is to work with organizations worldwide to remove all barriers to entry for businesses and consumers to conduct mobile payment transactions. The system connects banks, credit card networks, marketing companies, businesses and consumers together in a seamless network designed to benefit all parties through the mobile payment ecosystem.
Notice Regarding 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 and Section 21E of the Securities Exchange Act of 1934. 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, including but not limited to any future sales of mCARDS, the features and security related to the mCARDS, any benefits that mCARDS may provide to medium and small businesses, and the company developing, acquiring and scaling solutions that monetize social and mobile media more effectively than traditional advertising.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.