Bank Freedom Announces Strategic Agreement To Process Bank Freedom Prepaid Debit...
Fri Feb 15, 2008 9:10am EST
Trade.Bank Freedom Announces Strategic Agreement To Process Bank Freedom Prepaid Debit Cards
LAS VEGAS--(Business Wire)--
Bank Freedom and Berman Marketing Group Inc. announced today that
i2c Inc. has been chosen as a prepaid debit card processing partner by
Bank Freedom, a prepaid card program manager and industry leader in
the prepaid debit card market. Bank Freedom Prepaid card products are
marketed exclusively by the Berman Marketing Group, Inc. a wholly
owned subsidiary of Berman Holdings, Inc. (Pink Sheets:BRMN)
Bank Freedom provides America's unbanked and underbanked consumers
regardless of credit and or banking history with a Bank Freedom
Prepaid Debit Card that functions as a virtual bank account and
purchase card. Consumers can obtain a Bank Freedom Prepaid Debit Card
at www.BankFreedom.com.
Robert Christiansen, COO of Bank Freedom said, "Our management
team has extensive experience in marketing to and servicing the
unbanked and underbanked consumer. We know the success of our company
relies not only on our ability to provide our customers with a much
needed product at an affordable price but a customer service platform
that is fast, reliable, versatile, expandable, state of the art and
most importantly secure. i2c gets it. They truly understand the
underbanked community and their needs. We believe i2c not only gets
this market, their platform delivers the key services that make
clients like us successful."
Mr. Christiansen was also impressed with i2c's presales and
implementation process, "i2c was instrumental in helping us expand our
business model and introduced us to several of their products that
allowed us to increase the services we offered our target demographic.
i2c's implementation team really helped guide us through the process.
i2c already had key relationships in place with our Issuing bank which
made the process a lot smoother for us. In addition, their technical
support team was excellent in walking us through some sophisticated
system integration."
Ed Kelly, V.P of Business Development at i2c commented, "Bank
Freedom brings a great deal of experience in the unbanked market and
our synergistic relationship will enable them to deliver demographic
targeted products to market in a rapid fashion"
About i2c inc.
i2c is an experienced and trusted payments solution provider. We
help you monetize your prepaid programs, by providing the most
comprehensive and feature rich processing platform, designed to meet
the needs of the evolving, Prepaid 2.0 marketplace.
Due to a core competence in transaction processing and a
continuous process of innovation, i2c delivers integrated,
comprehensive and best-of-class solutions, engineered to help
customers increase revenues, improve efficiency, reduce costs and
build the infrastructure to facilitate growth.
A pioneer in prepaid processing, i2c's card processing and
point-of-sale activation (POSA) solutions make it possible for clients
to get new products to market faster, tailor programs for specific
segments and offer a variety of vertical solutions to boost
profitability and increase efficiency.
i2c is ISO 9001, PCI-DSS and SAS70 certified with Clients in North
America, Latin America, Middle East, Asia Pacific and Europe. With
over 250 employees and 5 Sales and Support offices worldwide, the
customer service and support is unparalleled, providing 24x7x365
service.
For more information visit www.i2cinc.com or contact
sales@i2cinc.com.
About Bank Freedom
Bank Freedom has recently entered the prepaid debit card industry.
According to market data available there are between 40 and 80 million
people in the United States who don't have a bank account or who can't
qualify for a credit card because their credit scores are too low.
This is called the unbanked and under banked market. The emerging pre
paid debit card solutions offered by Bank Freedom can act as a virtual
bank account, card account and payment solution for those people who
do not have or use banks and or credit cards. For the under banked the
evolution taking place with pre paid debit cards can replace their
reliance on check cashing centers, money orders, and the inability to
buy certain products that require a major credit card.
In addition to its prepaid debit card business Bank Freedom has
approximately 100 independent sales agents located across the United
States that offer complete merchant credit card processing account
services. Through Bank Freedom merchants can begin processing credit
cards. Bank Freedom establishes merchants through either the
merchant's point of sale terminals, wireless terminals and or the
Internet.
For further information on Bank Freedom contact Ryan Guenthart at
877-237-6260 ext. 110 or visit the Company website at
www.BankFreedom.com.
About the Berman Marketing Group, Inc.
The Berman Marketing Group, Inc. was formed in 2007 by Bruce A.
Berman and intends to be a multi-channel direct market firm
specializing in direct response marketing through Television, Radio,
Internet and Print mediums. Prior to forming the Berman Marketing
Group Inc., Bruce A. Berman has been marketing a variety of his own
products using these mediums. Berman Marketing Group has recently
announced its intention to enter the prepaid debit card industry.
Berman Holdings, Inc. is a publicly traded holding company that's
current holdings consist of 100% interest in the Berman Marketing
Group, Inc. Berman Holdings Inc. also recently announced it entered
into a letter of intent to acquire Bank Freedom. Specific terms of the
acquisition were not made available however Berman Holdings, Inc.
recently announced it has as obtained shareholder approval to go
forward with the acquisition.
Certain statements contained in the above, are forward-looking
statements that involve risks and uncertainties. The statements
contained herein that are not purely historical are forward-looking
statements within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended. Forward-looking statements deal with the Company's
current plans, intentions, beliefs and expectations and statements of
future economic performance. Forward-looking statements involve known
and unknown risks and uncertainties that may cause the Company's
actual results in future periods to differ materially from what is
currently anticipated. The Company cannot guarantee its future
results, levels of activity, performance or achievements.
for Bank Freedom, Berman Marketing Group
and Berman Holdings
Ryan Guenthart, 877-237-6260, ext. 110
Copyright Business Wire 2008
KEY EXECUTIVES FOR BRMN*
Name Board Relationships Title Age
Bruce A. Berman No Relationships Chief Executive Officer 49
Robert Christiansen No Relationships Vice President
AI
