New York, NY, April 16, 2014 --(PR.com
)-- PyxPay and Fuze Network entered into a participation agreement for Fuze Network to accommodate loading funds onto PyxPay’s closed-loop debit card accounts. The partnership, which has commenced on March 12, 2014, aims to open Fuze Network’s thousands of Alternative Financial Services (AFS) partner locations such as ACE Cash Express, Pay-O-Matic, CFSC and others to PyxPay accountholders in the United States. For PyxPay, this relationship with the Fuze Network is timely following the partnership with Placid Express, a licensed money remittance company based in New York City.
“Our goal is to guarantee the satisfaction of future PyxPay customers in availing loading services. With Fuze Network’s loading stations, those who wish to send money to PyxPay beneficiaries all over in the world, will definitely find us in close reach,” says David Wilkes, Founder and CEO of Fuze Network. “This growing number of PyxPay mobile application users in the United States is an exciting new era in remittance,” Wilkes added.
PyxPay shall utilize not only the physical AFS retail locations for cash loads, but also Fuze Network’s fully integrated card services platform, which enables both acquiring and disbursing funds. The platform shall allow PyxPay to transmit and receive transaction data with Fuze Network in real time.
“This is another milestone for PyxPay, our customers worldwide, particularly the new accountholders we target to acquire this May through the PinoyWallet Project. We would like to ensure that we engage with reliable partners with scalable technologies to service our clients here in the US,” Maner Puyawan, CEO of Pyx Payments, said. “Fuze Network, as a partner, gives us two essential ingredients to better establish our products in the market – technical efficiency and marketing advantage. It is valuable for us to be doing this project with a company that holds a network of popular and trustworthy brands.”
The upcoming PinoyWallet Project features a remittance product designed to bring time and cost saving benefits to Filipinos in the sending country and their beneficiaries in the Philippines. The partnership with Fuze Network is expected to increase the channels where Filipinos can load their PinoyWallet account in the United States.
About Fuze Network
Fuze Network is a Salt Lake City based payments technology company that provides an integrated card services platform offering traditional merchant services as well as new transaction types that allow funds to be pushed to any of the 1.2 billion US issued credit, debit and prepaid cards. Ultimately giving cardholders the ability to add cash at retail and receive or send funds directly to their cards, Fuze’s card services solution streamlines operations and creates a single vendor—single settlement for companies disbursing funds, offering card cashing, card payments, debit card loads and all other card based transactions. (http://www.fuzenetwork.com)
PyxPay is an innovative payment solutions provider for enterprises, retailers, processors and sales organizations. Its expertise is in designing and building payment technology systems. They combine the power of technology and scale to deliver technology solutions that fulfill all payment acceptance needs. PyxPay provides a range of interconnecting online and mobile spending options and payment facilities for Merchants and every mobile phone owner. (http://www.pyxpay.com)