MONEYPASS SURCHARGE-FREE ATM NETWORK CELEBRATES TRANSACTION GROWTH WITH CONTEST FOR CARDHOLDERS
MINNEAPOLIS (May 13, 2014) –The MoneyPass Network is celebrating another year of increased growth with a contest for cardholders. The MoneyPass “Caught Without Cash” contest gives cardholders an opportunity to win one of two weekly $100 drawings and a grand prize of $1,000.
The “Caught Without Cash” contest runs through June 1, 2014. Contestants enter by sharing a brief story about a time they were caught without cash when it was needed, such as paying a babysitter or shopping at a farmers market. Two $100 winners are drawn each week during the contest. Entries can be voted on by visitors to the contest site and one entry will be chosen from the top ten entries as the grand prize winner at the end of the contest. MoneyPass participants are encouraged to promote the contest to cardholders as a way to increase awareness of the benefits of MoneyPass access.
The MoneyPass Network experienced a 56 percent increase in transaction volume between 2012 and 2013 on top of a 20 percent transaction growth in both 2011 and 2012. “We feel this growth is proof that surcharge-free ATM access is important to consumers and so we wanted to reward our cardholders with a fun contest,” said Douglas Miraglia, president of the MoneyPass Network. “We can attribute some of this growth to our network participants, who are doing a great job creating awareness with their cardholders about the benefits of MoneyPass access. The growth in our prepaid card segment has also led to increased transactions as those cardholders learn about MoneyPass.”
“2013 was an exciting year for MoneyPass. We celebrated our 10 year anniversary. We achieved record growth.And now we’re holding a contest to let our cardholders know we value them and to help them remember the benefit they have with MoneyPass,” said Miraglia.
MoneyPass is a network of Elan Financial Services, one of the nation’s leading providers of comprehensive ATM and debit card processing solutions for financial institutions and Independent Sales Organizations (ISOs). MoneyPass provides surcharge-free access at more than 24,000 ATMs across the United States, allowing cardholders to access their money where they live, work and travel. With more than 1,600 participating organizations and 75 million active cards, MoneyPass is a rapidly growing surcharge-free network whose emphasis is on cost-efficient membership options, flexible terms and accessible locations. MoneyPass cardholders can easily locate MoneyPass ATMs by visiting the online ATM locator at www.moneypass.com. For more information, call 1-800-343-7064 or visit www.moneypass.com.