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Affinity Debit Platform Selected for Best Open Source Solution Category
SAN MATEO, CA--(Marketwire - February 25, 2010) - Tempo announced that it has been selected as a finalist for the 2010 Software & Information Industry Association (SIIA) CODiE Awards in the "Best Open Source Solution" category.
Tempo's affinity debit platform was built entirely using open source software and enables consumers to design and apply for affinity debit cards online. Awarded annually by the SIIA, the principal trade association for the software and digital content industries, the CODiEs represent excellence in the software and digital content industries.
Tempo's platform makes it easy for organizations to offer affinity debit cards and provides a web portal for consumers to apply for and activate cards, as well as track purchases and rewards. The cards are unique because they can be provided by any business or non-profit, connect to a consumer's existing bank account and run on a major payment network.
"We're honored by the CODiE selection," said Tempo CEO Mike Grossman. "We exclusively use open source software to create a unique and innovative solution that is revolutionizing the debit card market by enabling affinity partners to offer consumers easy access to rewards-based cards without having to change their checking accounts."
Organizations that are offering Tempo-powered affinity debit card programs include the Breast Cancer Fund, Dogster, Greenpeace, In Defense of Animals, Surfrider Foundation and World Emergency Relief. The cards are issued by Tempo partner First Bank & Trust of Brookings, SD, part of Fishback Financial Corporation. Working with First Bank & Trust, Tempo manages all aspects of card issuance, including risk management, application processing, card fulfillment, authorization and settlement.
About Tempo
Tempo is the leader in enabling organizations to quickly and easily offer affinity and co-branded debit cards to their customers, contributors and members. The open loop cards are rewards-based, partner-branded, and linked to the consumer's existing checking account. Tempo provides its affinity partners with a Web-based platform that makes it easy to launch and market co-branded debit programs. The partners benefit by generating new revenue, and building loyalty through the delivery of enhanced cardholder value. Tempo is privately held and is headquartered in San Mateo, CA. For additional information, visit www.tempo.com.
