Prizeout Corp (Prizeout) today announced that it has expanded its involvement with the Jack Henry™ Vendor Integration Program (VIP). Further participation in the program will provide Prizeout with access to Jack Henry’s technical resources to enable Prizeout to integrate with SilverLake System®, Core Director®, and CIF 20/20®. The Vendor Integration Program is designed to help ensure that Jack Henry’s customers can easily deploy third-party products.
Prizeout integrates with the SilverLake System, Core Director, and CIF 20/20 via jXchange™, a services-based programming interface that enables third-party vendors and banks to access the platform’s core data and business rules. The integrity of data is maintained throughout any data exchange, because access to business rules and data is managed through a service layer that governs these interactions.
Customers can use Prizeout to convert their online funds into digital gift cards to their favorite brands, many of which offer added value on top of the gift card amount. Prizeout’s marketplace is filled with over 1,000+ national and local merchants, and the average bonus shown to members is 12%, which means more purchasing power for everyday essentials like gas, groceries, and more.
Other key benefits for banks include:
- More Customer Purchasing Power - the average 12% bonus shown when a member purchases a gift card helps them stretch their dollars further.
- More Customer Engagement - an opportunity for banks to engage and further communicate with their customers, fostering stronger relationships.
- Focus on Innovation - banks can deliver more meaningful, innovative, and relevant products to their members.
- Increased Non-Interest Income - the platform allows banks to increase their non-interest income.
- Support for Local Merchants - the product gives the bank a reason to engage with their business accounts, giving them more exposure and keeping money in the community.
“Banks are always looking for new opportunities to engage with customers and deliver them true value,” said David Metz, founder & CEO of Prizeout. “An integration with jXchange means that more and more bank customers will have access to Prizeout and can stretch their savings further with brands they know and love.”
Jack Henry’s VIP takes the customer out of the middle, providing vendors with direct access to Jack Henry’s technical resources and test systems. VIP inclusion is not an endorsement of the vendor’s product.