05/12/2010 | Press Release
Tempo Wins CODiE Award
Portfolio Company: Tempo Payments, Inc.
SIIA Honors Affinity Debit Card Platform as Best Open Source Solution
SAN MATEO, CA — May 12, 2010 — Tempo announced today that its affinity debit card platform is the winner of the CODiE Award for Best Open Source Solution from the Software & Information Industry Association (SIIA), the principal trade association for the software and digital content industries.
Tempo’s affinity debit platform was built entirely using open source software and enables consumers to design and apply for affinity debit cards online. Tempo’s 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.
“The SIIA’s CODiE Award for Best Open Source Solution is a great honor for Tempo,” said Tempo CEO Mike Grossman. “Using open source software exclusively, we are revolutionizing the debit card market with a web-based platform that provides consumers with new choices and empowers merchants with new debit-based affinity rewards programs.”
Tempo-enabled debit cards are affinity partner-branded, generate valuable cardholder rewards, and can be used for online and offline purchases and ATM withdrawals. Organizations offering Tempo-powered affinity debit card programs include the Breast Cancer Fund, Greenpeace, In Defense of Animals, the Manilow Fund for Health and Hope, 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.
“Now in its 25th year, the CODiE Awards continue to recognize those companies providing the best new technology products and services across a broad array of industries,” noted SIIA President Ken Wasch. “In addition, its winners are a prolific testament to the power of technology to deliver innovative solutions to businesses and consumers. SIIA warmly congratulates all of the winners and nominees of the CODiE Awards, whose innovation is essential for continuing America’s leadership in the global knowledge economy.”
One hundred eighty-eight products from 136 companies were selected as finalists from more than 785 nominations submitted by 374 companies. Nominated products underwent an intensive review by subject matter experts, analysts, journalists, and others with deep experience in the field, who selected 34 winners for the 2010 CODiE Awards. A listing of winners is now available on the CODiE Awards Website at www.siia.net/CODiEs. |
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