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Ackroo (TSXV:AKR) Partners with First Data (NYSE:FDC)

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OneStepAhead   Wednesday, 06/08/16 03:13:50 PM
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Ackroo (TSXV:AKR) Partners with First Data (NYSE:FDC)

Ackroo Inc. (TSXV: AKR) (OTC: AKRFF) (“Ackroo” or the “Company”), a gift card, loyalty and rewards technology and services provider, and First Data Canada, a division of First Data Corporation (NYSE: FDC), a global leader in commerce-enabling technology and solutions, are pleased to announce that the two companies have partnered in order to offer Canadian merchants the opportunity to use Ackroo’s gift card and rewards technology on First Data certified terminals, making it seamless for First Data Canada merchants to launch their own gift card and rewards programs.
“We are thrilled to expand our channel partnerships with the addition of First Data Canada” said Steve Levely, chief executive officer at Ackroo. “Our channel sales model relies on us working with selected partners like First Data Canada who are aligned with our vision and strategy. Partners see a bi-lateral relationship with us where both organizations actively develop and grow each other’s customer base. First Data is one of the world’s largest payment processors with a suggested 50% + market share in the US alone. Not only are we excited to help First Data grow their market share even further we are excited to expand Ackroo’s addressable market by providing our growing merchant base even more options when it comes to integrating Ackroo at the point of sale. An exciting advancement for both organizations and a partnership that we expect will position the Company for even greater success.”
“We are excited to be partnering with Ackroo, allowing our merchants the opportunity to expand their businesses in today’s ever changing marketplace and more readily meet the needs of their customers,” said Ben Edelstein, Director of Product Management at First Data Canada. “We look forward to working with the Ackroo team for many years to come. To help further grow their businesses, First Data Canada merchants can now easily incorporate gift and rewards programs into their new and existing terminals and solutions.”

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