The newly introduced payment service will enable corporate brands, retailers, non-profit organizations or entertainers, to offer consumers a different way of rewarding for purchases made using the card.
UMB Payment Solutions senior vice president George Schmelzel said, "This ‘first-to-market’ credit card was developed to give companies a way to drive stronger engagement with consumers, essentially making them brand loyalists."
Through the Experience Manager software, the cardholder can go online at any time to personalize rewards preferences from a wide array of experiences offered by consumer brands, retailers, charitable organizations and entertainers, among others.
When consumers use the credit card for purchases, they receive real-time, tangible rewards in the form of unique giveaways and exclusive experiences much different than those provided by the traditional reward cards, claims the company.
The bank delivers complete banking, asset management, health spending systems and related financial services to commercial, institutional and personal customers across the country.
Headquartered in Pittsburgh and established in 2007, Dynamics produces and manufactures intelligent powered cards such as advanced payment cards.
