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Bank Technology News Names Mall Networks as One of The Top 10 Tech Companies to Watch
Mall Networks recognized for innovation in delivering merchant-funded loyalty shopping solutions to banks and financial institutions
LEXINGTON, Mass. – August 2, 2007 – Mall Networks, the leading provider of online malls and loyalty shopping solutions, today announced that it has been named one of 10 technology companies to watch by Bank Technology News in the publication’s August 2007 issue. Bank Technology News is the leading source for financial services technology coverage, written for those individuals who are responsible for the front-, middle- and back-office technology needs of their financial institutions. The entire list can be seen at http://www.banktechnews.com.
In selecting 10 technology companies to watch, Bank Technology News writes, “The challenges that banks face are legion. Meeting them takes intelligence, creativity, innovation. Banks that look for intelligent and creative tools ? smart solutions across a variety of disciplines ? from the most forward-thinking technology companies are reaping the rewards. Ranging from security to core processing to mobile banking, the best innovation is often from lesser known, privately held technology shops. In its annual ranking, BTN profiles 10 firms … whose innovation is getting them noticed.”
Retail banks and card issuers face competitive challenges in differentiating their product offerings to attract new customers, build stronger relationships with existing ones, and capture greater wallet share across all product segments. Mall Networks’ private label online malls and loyalty shopping solutions enable financial institutions to offer consumers valuable merchant-funded rewards and member benefits, improving card usage, strengthening customer relationships and increasing revenue. Built on a scalable, secure and flexible on-demand technology platform, and featuring an integrated network of more than 450 leading merchants, Mall Networks’ loyalty shopping solutions enable clients to offer a personalized shopping experience while dynamically managing multiple brands, portfolios and consumer segments.
“We are thrilled to be recognized by a respected publication like Bank Technology News as a company that financial services companies should watch,” said Dave Andre, president and CEO of Mall Networks. “Increasingly, financial services companies are recognizing the increasing importance of merchant-funded loyalty shopping programs in their overall loyalty strategy, and our success with companies like Chase and First Equity reflect this.”
About Mall Networks
Mall Networks is the leading provider of online malls and loyalty shopping solutions that increase revenue, strengthen customer loyalty and improve member engagement for financial institutions, card issuers, loyalty programs and affinity organizations. Featuring an integrated network of more than 500 world-class merchants, Mall Networks’ flexible, on-demand platform powers personalized, easy-to-use online shopping portals for more than 25 million consumers. Industry leaders including JPMorgan Chase, Upromise, Spirit Airlines, NASCAR, Shop.org and First Equity rely on Mall Networks to build loyal, profitable customer relationships. Mall Networks is headquartered in Lexington, Mass. For more information, visit www.mallnetworks.com.
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Press Contact:
Amy Paladino
PalPR
amypal@comcast.net
781.772.1005
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