New Contract, and More to Come
Selectcore to issue Adbrokers' commission MasterCards
2014-03-12 07:03 ET - News Release
Mr. Keith McKenzie reports
SELECTCORE SIGNS 5 YEAR PREPAID CARD AGREEMENT WITH ADBROKERS
Selectcore Ltd. has signed a five-year agreement with AdBrokers, one of North America's leading on-line affiliate marketing companies with over 108,000 active affiliates.
Under the terms of the agreement, Selectcore will provide a private label payment card solution, issuing prepaid MasterCard cards for the purpose of delivering commission payments to AdBrokers' affiliates in both Canada and the United States.
Selectcore's proprietary platform supports real-time, electronic disbursement of funds - allowing companies such as AdBrokers to eliminate the need for costly cheques while offering their affiliates faster, hassle-free access to their commissions. Recipients simply redeem their prepaid card funds anywhere MasterCard is accepted worldwide at 29.4 million locations including on-line and at ATMs.
Affiliate payments is a multi-billion dollar a year industry with global e-commerce sales having exceeded 1.2 trillion in 2013 alone. Streamlining and accelerating the disbursement process not only saves money for marketing firms, but gives them a strong competitive advantage to expand their affiliate network. Selectcore's turn-key, safe, efficient and cost-savings solution is a great alternative for on-line companies requiring these forms of payments.
"We chose Selectcore because of their expertise and award-winning card platform which allows us to effortlessly issue payments to our over 108,000 affiliates while at the same time adding to our bottom line" said Peter Dhillon, President of AdBrokers.
"This new contract is just one example of how Selectcore is now leveraging our prepaid technology platforms to reach new verticals in the alternative payments space" commented Keith McKenzie, President of Selectcore. "With AdBrokers' established network of affiliates, we anticipate being able to acquire a sizable number of cardholders over the term of our agreement."
We seek Safe Harbor.