BLAINE, Wash. and LOS ANGELES, April 29, 2015 (GLOBE NEWSWIRE) -- Mobetize Corp. (OTCQB:MPAY), a technology leader in mobile commerce payments solutions, and TruConnect, one of the nation's fastest growing providers of no-contract wireless voice, text and data service, today announced an agreement allowing TruConnect's hundreds of thousands of customers to utilize alternative financial services (AFS) via their mobile devices.
TruConnect customers can now use the TruConnect branded app from Mobetize with their capable mobile devices and fund their accounts at no charge with direct deposit paychecks, government checks or any other type of checks. Customers can also fund their accounts using PayPal, bank ACH or credit/debit cards. Customers can pay bills, add airtime and transfer money directly from their mobile devices and smart phones on a "freemium" basis combined with a prepaid MasterCard. In addition, Mobetize will be supplying all TruConnect independent agents with a mobile solution to have earned commissions directly deposited to each agents TruConnect smartWallet.
"The TruConnect mobile money solution brings a freemium banking solution to customers who need it most," said Eric Milhizer, CMO for TruConnect. "This solution clearly demonstrates TruConnect is on the leading edge of providing simple, reliable and flexible solutions to our customers. Using the power of Mobetize's platform, we can offer our customers mobile financial solutions they haven't been able to access previously."
"We are extremely pleased to work with TruConnect to expand their traditional telecom services and to provide the technology and financial platform to deliver simple-to-use, secure and reliable mobile financial solutions to their rapidly growing wireless customer base," said Ajay Hans, CEO for Mobetize.
According to FDIC there are nearly 70 million adults in the US paying on average service and NSF fees of $70 per month for alternative and banked financial services. With Mobetize connecting users to these financial services digitally not only do the users save time with the mobile convenience but importantly users can reduce their current monthly retail financial fees by over 75%.
About TruConnect
TruConnect is one of the nation's fastest growing providers of no-contract wireless voice, text and data service. The Company is focused on bringing vital wireless technology to an underserved, ever-growing market and providing affordable, flexible data solutions to business professionals and casual Internet users. TruConnect has been providing wireless, residential and small business telecommunication services for more than 15 years under the Sage Telecom, Telscape Communications and TruConnect Mobile brands.
More information is available at www.TruConnect.com
About Mobetize Corp.
Mobetize Corp. (OTCQB:MPAY) is a technology leader in mobile commerce payment solutions. Mobetize's brandable platform enables telecom operators, employers and other financial providers to simplify the delivery of mobile financial services. Mobetize ensures end-to-end integration for services such as retail/online payments, prepaid air-time top ups for gifts, international remittances and transfers, P2P transfers and Visa/MasterCard programs on mobile devices. Mobetize seamlessly integrates and white labels customers' secure mobile money platform with their delivery partners to help increase their revenues, decrease customer service costs and increase loyalty to existing offerings. For more information, please visit the Company website at http://www.mobetize.com