![]() It certainly feels as though gift cards are experiencing a revolution right now and we’re proud to champion this dynamic industry. Our new alliance with Nitecrest will bring together a unique blend of capabilities delivering exciting physical and digital B2C and B2B solutions. Gareth Gillatt, CEO Reward Cloud “This partnership represents a new chapter for Reward Cloud and validates our work to date in both digital and B2B. We have brought together market leaders in “on-line” digital and “on-line” physical gift cards to provide endless options and seamless connectivity for our customers “ Leeroy added “Partnering with Reward Cloud ensures we are able to deliver both digital and physical gift cards seamlessly from one platform. Nitecrest digital bridges the gap in our portfolio that clients are asking us for and allows both Reward Cloud and Nitecrest to deliver a full service model. The very evident gap and demand in the gift card market place for a provider who could deliver a ‘one-stop shop’, ultimately cemented the agreement. A perfect fit for Nitecrest’s 23 year established retail card customer base.ĬEO of the new company, Leeroy Pye “The decision to partner with Reward Cloud was simple, fast and necessary. The platform utilises Reward Cloud’s pioneering digital gift and reward technology. This will essentially be an extension of services beyond Nitecrest’s current online physical card and fulfilment offering. Nitecrest Digital, will provide a turn-key solution for businesses offering “on-line” B2C and B2B gifting from one platform. Nitecrest, a card manufacturer and award winning technologist along with Reward Cloud, provider of real-time gift and reward codes technology, are thrilled to announce they have founded a new company, Nitecrest Digital Ltd. Underlying EBITDA is reconciled to statutory profit and loss within the FY22 Annual Report.Introducing Nitecrest Digital Introducing Nitecrest Digital Underlying EBITDA includes R&D tax offset and excludes share-based payments, acquisition costs, foreign exchange gains or losses and non-recurring costs related to the CBI remediation and Shine group proceedings. Earnings Before Interest, Tax, Depreciation and Amortisation (‘EBITDA’) is used as the most appropriate measure of assessing the performance of the Group. Read more EML stories by visiting our Newsroom: ġ Bond investments include a reduction of $1,736,000 (2021: $1,958,000) for the non-cash amortisation of the AASB 3 fair value uplift of the PFS bond portfolio at the acquisition date.Ģ EML generates interest income on Stored Value balances and, as such, is a source of core revenue. We power payments 24/7 globally anytime, anywhere, wherever money is in motion, with over $80 billion transacted on our platform annually. With this enhanced relationship, EML can continue to strive to provide its clients with the best possible solutions while promoting an Environmental, Social and Governance (ESG) message of reducing plastic in the environment through innovative digital products.ĮML Payments is a leading payments provider that offers customisable, secure, and feature-rich payment solutions for businesses and their customers. They can also explore the benefits of a fully digital gift card solution that is scalable and accessible to meet the evolving needs of their customers.ĮML Payments has worked with Visa since 2017, bringing private-label gift cards to the US and Canadian markets. To succeed in the digital age, businesses can prioritize customer loyalty by offering a seamless digital experience that appeals to younger generations, exploring new product offerings, and utilizing technology to reduce administrative costs. “We’re proud to work with EML Payments to help bring the security, convenience, and familiarity of mobile wallet payments to the gift card segment.”Īilie Kofoid, Group Executive Gifting at EML Payments, stated “introducing digital gift cards with Visa revolutionizes gifting.” Our clients and partners are looking for digital-first capabilities to help serve their customers,“ said Vanessa Colella, SVP and Global Head of Innovation and Digital Partnerships at Visa. Thanks to secure mobile authentication, customers can now seamlessly purchase and instantly deliver gift cards online while enjoying a safe and seamless experience. The EML and Visa collaboration introduces a convenient digital gift card solution. EML Payments Limited (ASX: EML) a leading payment solutions provider, is working with Visa, a world leader in digital payments, to offer its private label digital gift cards product serving its broad shopping center and multi-retailer customer base in the United States and Canada.
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