|By PR Newswire||
|October 7, 2013 09:01 AM EDT||
LAS VEGAS, Oct. 7, 2013 /PRNewswire/ -- InComm, a leading prepaid product and transaction services company, and Jackson Hewitt®, an industry-leading provider of full service tax preparation, announced the companies will launch the JH Preferred Card in November in time for tax season.
The general purpose reloadable (GPR) card is a banking alternative and a fee structure that provides consumers with a safe, affordable and convenient financial tool. There are no fees for purchase transactions, calls to customer service or card-to-card transfers.
JH Preferred enables consumers to direct deposit tax refunds to their card and load cash at more than 50,000 Vanilla Reload retail locations nationwide for a low fee up to $3.95. JH Preferred also offers cardholders rewards, a mobile app and other money management tools.
"We're thrilled to partner with InComm and bring this card to market," said Shehryar Hamid, SVP Financial Products, Jackson Hewitt Tax Service Inc. "Our fee structure is very attractive and gives Jackson Hewitt a competitive advantage over other prepaid programs and even over traditional bank accounts as more and more banks now move away from free accounts. InComm's vast reach allows us to give our customers the convenience of using and reloading our card at thousands of locations nationwide while rewarding them for signing up for the convenience of direct deposit among many other features. Our platform and program have been designed keeping our customers' needs and wants at the center and I fully expect our JH Preferred Card to delight our customers."
"Consumer demand for GPR cards is increasing at a rapid rate each year," said Brooks Smith, President and CEO, InComm. "Our goal is to make using and reloading these cards as quick and easy as possible, while creating stickiness through usage-driven incentives and rewards. Our technology, coupled with our GPR expertise and retail network, will move the needle for Jackson Hewitt in terms of acquisition and long-term cardholder retention. We're pleased to partner with Jackson Hewitt to provide their tax consumers with a safe and convenient alternative to cash and checking accounts."
Consumers can sign-up for the card online at www.jhpreferred.com or at any of the 6,800 Jackson Hewitt locations. JH Preferred leverages InComm's existing technologies and state-of-the-art processing platform, Vanilla Management System. The platform provides partners with a secure, scalable and customizable processing solution.
JH Preferred Prepaid Visa Cards are issued by Sutton Bank pursuant to a license from Visa Inc. and can be used everywhere Visa debit cards are accepted.
About Jackson Hewitt Tax Service Inc.
Jackson Hewitt Tax Service Inc. is an industry-leading provider of full service individual federal and state income tax preparation, with 6,800 franchised and company-owned locations throughout the United States, including 2,800 located in Walmart stores nationwide, and more than 400 Sears stores in the United States and Puerto Rico for the 2013 tax season. Jackson Hewitt Tax Service® also offers an online tax preparation product at www.JacksonHewittOnline.com. For more information, or to locate your neighborhood Jackson Hewitt® office, visit www.JacksonHewitt.com or call 1-800-234-1040. Jackson Hewitt can also be found on Facebook and Twitter.
InComm is a leading provider of cutting-edge prepaid products, services and transaction technologies to retailers, brands and consumers. InComm supports more than 400,000 points of distribution and helps retailers build prepaid card destinations, connects brands with new markets and gives consumers a simple, secure shopping experience. InComm stays ahead of emerging trends by analyzing market needs and leveraging its global, innovative commerce platform, go-to-market expertise and extensive partner relationships. With 123 global patents, InComm is headquartered in Atlanta and has offices in North and South America, Europe and the Asia-Pacific region. For more information, visit www.incomm.com or follow us on Twitter at www.twitter.com/incomm.