Morgan Beaumont inks pre-paid card processing deal with I2C

Source: Morgan Beaumont

Morgan Beaumont, Inc. (BULLETIN BOARD: MBEU) , a premier technology solution provider to the Stored Value and Prepaid Card market and owner of the SIRE Network, today announced it has signed an agreement with i2c Inc., an innovative leader in high quality transaction processing and stored value card management solutions.

i2c selected the SIRE Network and its 100,000+ convenient nationwide locations as a load network for its numerous stored value card programs.

Cliff Wildes, CEO of Morgan Beaumont, stated, "We are proud to have received this endorsement from i2c, a leading processor in the prepaid card market. We realize that its acceptance by the processors is crucial to the success of any value load solution. At Morgan Beaumont we offer their consumers a secure network, as well as over 100,000 convenient locations where they can re-load their cards with value and gain access to a number of other transactions that consumers of stored value cards are demanding. This is the first step in our overall strategy of offering the SIRE Network services to the stored value industry. We are very pleased to have i2c as a strategic partner as we move forward."

Amir Wain, CEO of i2c, stated, "We are excited about this agreement and adding the SIRE Network as a value load network for our growing base of customers. The SIRE Network will drive usage by offering a nationwide footprint to cardholders to load money onto their stored value cards."

This agreement will open the door for all existing i2c POSA terminals to download the SIRE Network software so they can quickly and easily provide those services to their customers.

Additionally, i2c will be providing transaction processing and card management services for card programs from Morgan Beaumont.

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