Valley National Bank Invigorates Local Shopping With Tap-and-Pay at Point of Sale

http://www.blingnation.comCustomers and Community Win with Mobile Payments from Bling Nation
LAMAR, Colo.--(BUSINESS WIRE)--Valley National Bank is now offering mobile payments to its customers and community with partner Bling Nation, a provider of mobile payments services that connect financial institutions, businesses and consumers through tap-and-pay for purchases at the point of sale.
“Local businesses are also embracing the convenience and security of mobile payments as well as a drastic dip in fees as a result of bypassing global payments networks with Bling Nation”
“At Valley National Bank, we are dedicated to serving and supporting our local economy,” said Denise Carder, marketing director for Valley National Bank. “In our efforts to keep dollars local, we have partnered with Bling Nation to share the benefits of mobile payments – more convenience, security and rewards – with our personal and business customers.”
Customers with a checking account at Valley National Bank can easily sign up for a BlingTag™, a quarter-sized microchip sticker that adheres to the back of their mobile phone to enable debit transactions directly from their account. Each time a purchase is made using a BlingTag, the consumer receives a transaction confirmation and account balance by text message. Since the BlingTag does not store any personal information, it offers more security than traditional plastic cards and reduces the risk of identity theft and fraud.
In addition to the convenience and safety of mobile payments, day-to-day purchases can be more rewarding with a BlingTag. Valley National Bank customers receive instant five percent cash back with every Bling transaction up to $100. For consumer Ed Bennett, cash back means shopping for groceries and filling up his car costs him less.
“Not only is my BlingTag more convenient than digging in my wallet for cash or a card,” said Bennett, a customer of Valley National Bank, “but each purchase creates instant savings. I look for businesses with Bling signs in the door and tap-and-pay as often as I can.”
“Local businesses are also embracing the convenience and security of mobile payments as well as a drastic dip in fees as a result of bypassing global payments networks with Bling Nation,” said Rod Stambaugh, general manager, West region for Bling Nation. “It is in business’ best interest – both financially and from a customer service standpoint – to accept mobile payments at the point of sale. Like Ed, many consumers specifically seek out Bling businesses to spend their money.”
“Bling Nation not only helps us better serve our customers and community, but it also truly simplifies the multi-step payments process, a process,” Carder admits, “that is not as efficient, convenient, secure, or rewarding as mobile payments.”
About Valley National Bank
Valley National Bank (a Branch of Girard National Bank) is a community bank, which has been family owned and operated for more than 90 years. Bank employees are committed to providing customers with the highest quality financial services in a friendly and personal way from personal to business and mobile banking. For more information about product and services, visitwww.valleynationallamar.com.
About Bling Nation
Bling Nation mobile payment services connect local financial institutions and businesses, allowing customers to use their mobile phones to tap and pay for purchases and receive text account balance and transaction confirmations at the point of sale. Businesses and financial institutions eliminate payment processing middlemen, while differentiating their services and supporting community “shop local” programs. For additional information, visit www.blingnation.com or follow us at www.twitter.com/blingnation.

Contacts

For Bling Nation

Joy Harper, 678-781-7208

press@blingnation.com

or

Elizabeth McMillan, APR, 678-781-7224

press@blingnation.com
Permalink: http://www.businesswire.com/news/home/20100616005932/en/Valley-National-Bank-Invigorates-Local-Shopping-Tap-and-Pay

Posted by John B. Frank Wednesday, June 16, 2010

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