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Novation Companies, Inc. Message Board

  • n_tres_ted2003 n_tres_ted2003 Feb 27, 2013 4:23 PM Flag

    Advent Has Phone App for Get It Card

    Get It card can be managed by phone with free app available from Advent. That should help make the cards a little more "sticky" with the clients.

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    • we know, the biggest problem Advent has had with the Get It card has been "churn", and this along with the Western Union partnership should be a big help.

      Finally, I apologize for not getting back to you about your server question, the cloud and SaaS. My IT guy who created my software using SalesForce and the Cloud is out of town until next week, and I wanted to ask him a few questions when he gets back so my answer to you will have to go on hold....but please feel free to remind me. Thanks


      Lance Anderson at the AM in 2010 indicated to us that it would take about 100,000 active cards for Advent to breakeven, and this may just be whats needed. I don't know how many active Get It! cards are out there now,
      but my WAG is anywhere from 25,000 to 50,000.

      Also, I'll reiterate that Novations affiliation with Western Union may open up other opportunities as well, especially offering payroll cards yeat round at business with a lot of LMI (low to moderate income) employees.

      Sentiment: Strong Buy

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