New gift card allows balances to be reloaded onto prepaid cards

A new gift card that can be ordered on line and sent via email comes with a solution to unused balances which reached $1.8 billion in 2013.

Payment Data SystemsAkimbo Gift is integrated with its reloadable prepaid MasterCard. Unused balances can be transferred to that card, enabling the holder to withdraw cash at an ATM and transfer funds to a personal external bank account. That includes fractional balances and entire cards from merchants of no interest to the recipient.

Akimbo_Gift-OverviewThat allows the recipient to spend on their priorities, Akimbo Financial CEO Houston Frost explained.

“We’re reinventing the idea of a gift card so that you’re no longer forced to spend. With Akimbo Gift you can move the funds to a reloadable Akimbo Prepaid MasterCard product and use the gifted money toward, savings, investments, or even to pay bills.”

Businesses can order and send cards in bulk via the Akimbo Now platform and API.

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One Comment

  1. Ronald A Nisser
    December 19, 2015 at 2:03 pm

    I’ve followed and worked in back-offices over 30 years, that processed & handled Inbound/Outbound transactions, regardless of origin. Payment Data Services (Systems) symbol PYDS works “smack-dab” in the middle where billing, payment, security and record keeping crosses paths in the U.S.A. For this and other reasons Payment Data Systems, FiCentive dot com and Akimbo “Cards of Networking Opportunity” protected by Patent 7,021,530 will proliferate, while the load & re-loadable prepaid card industry ramps-up and networks at ZBill dot com web speed. PYDS stock should appreciate in J-F-M 2016, when prepaid gift cards stuffed in Christmas Stockings, are used to make purchases and EBPP&H revenue tabulated.


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