BOSTON, MA--(Marketwired - Apr 5, 2013) - In the news release, "Mobile Pay App looped in(TM) & Online Game Platform Jebbit Team Up to Offer College Students Prize Money and Lunch," issued Thursday, April 4, 2013 by PXT Payments, we are advised by the company that the second sentence of the third paragraph should read "More than 30,000 students at 3,000 colleges and universities nationwide have already gone to Jebbit.com and been paid for learning about brands they love." rather than "More than 3,000 students nationwide have already gone to Jebbit.com and been paid for learning about brands they love." as originally issued. Complete corrected text follows.
Mobile Pay App looped in(TM) & Online Game Platform Jebbit Team Up to Offer College Students Prize Money and Lunch
Two Online Technologies Show Games Are More Fun if Two Play Instead of One; Play looped in™ Trivia on Jebbit, Earn Money to Pay for Lunch at Boston College Neighborhood Favorite El Pelon
BOSTON, MA--(Marketwired - April 4, 2013) - PXT Payments, creator and provider of looped in™, the first full featured, geolocation-based mobile payment and rewards app, has teamed up with award-winning Boston-College-based startup Jebbit to up the ante for gamification and mobile payment fun. PXT Payments was founded in 2004 as a smart debit card payment system, and has been processing transactions daily since 2006.
In the week before the MassChallenge Entrepalooza at Faneuil Hall showcases the best and brightest in Boston startup technology, the looped in™ and Jebbit team-up signals that online technologies working together can offer richer experiences which bridge the online and physical world.
To use Jebbit, students go online and play a survey game. More than 30,000 students at 3,000 colleges and universities nationwide have already gone to Jebbit.com and been paid for learning about brands they love. Those games are each driven by businesses who want to engage students in a lasting and rewarding way. Companies create questions highlighting their products, and then reward consumers for correctly answering and engaging.
In the case of looped in™ trivia, the game keeps on going once students get the answers right and download the free looped in™ app. They get money rewards loaded on their smartphones, in the looped in™ app, which is like an ATM on their phone. Students can go spend that money right away at El Pelon restaurant in Cleveland Circle.
"Jebbit is very excited about our partnership with looped in™," said Tom Coburn, CEO of Jebbit. "One of Jebbit's core missions is to allow students to discover and learn about the newest, most innovative products and services that will improve the lives of our members; looped in™ could not be a better fit."
Coburn explained that looped in™/Jebbit partnership represents an expansion of the Jebbit capabilities, as the looped in campaign is the first four phase campaign to ever be run on Jebbit.
"This strategic use of the Jebbit technology will allow select Jebbit member's to be further rewarded for their increased level of engagement with looped in over multiple weeks, while allowing looped in to attract and connect with the people who are most inspired by their innovative technology," Coburn said.
Spending and redeeming the reward won from playing looped in™ trivia on Jebbit is as easy as texting. This is a student only game, but all students are welcome to join in and play starting today.
"Jebbit provides an innovative introduction about new businesses or services and in turn students are rewarded for the engagement. looped in™ is an uncomplicated payment app, where consumers and merchants have all the control with no hidden fees. Paying and redeeming rewards is as simple as texting. Jebbit and looped in are a perfect, natural fit for college students," said Paul Tedechi, general manager of Boston-based StudentUniverse Media and Marketing (SUMM) and industry advisor for Jebbit.
The looped in™ and Jebbit campaign, with rewards in Boston College's neighborhood, comes on the heels of looped in™ and Fenway Sports Management announcing a three-year partnership. That partnership will kick off at the FSM-owned Alumni Stadium at BC, where students will be able to pay for food and merchandise using looped in™.
PIN protected, looped in™ is safer than cash, debit, or credit cards, is completely free, offers instant and ongoing rewards, and makes paying as easy as texting. Consumers can transact both online and offline with PIN security, redeem offers as part of a transaction, and send friends deals they're not using. Merchants and consumers have a direct relationship within the app, no expensive middleman. Like an ATM on your phone, geolocation- based looped in™ ups the ante for all mobile payment systems and the user-merchant experience.
ABOUT looped in™ and PXT Payments:
Safer than cash, credit, or debit cards, looped in™ enables consumers to find and share deals, pay for purchases, send money instantly to friends, and pool money for group purchases on- and offline. Founded in 2004 as a smart debit card payment system, looped in™ creator and provider PXT Payments has been processing smart debit transactions daily since 2006. The company launched looped in using a secure cloud based operating platform hosted by Sungard Availability Services. To complete settlement among all parties involved, PXT uses the Federal ACH payment system. The looped in™ app is the evolution of PXT's payment system. Download looped in™ for iPhone® or Android™ from the App Store™ or Google Play. Visit areyoulooped.in and pxtpayments.com.
Since being founded in 2011, Jebbit has quickly gained acclaim for its innovative approach to building relationships between college students and advertising. Starting with a win at the Boston College Venture Competition in 2011, Jebbit has since been named a Boston SharkTank Award Winner, featured in both BostInno's Coolest College Startups and Global Entrepreneurship Week Top 50 Startup Awards. Jebbit was also named one of CNBC's Top 25 Most Promising Startups in the World. Jebbit is now a member of the TechStars Boston 2013 Spring Class, the world's #1 business accelerator working with world class mentors and thought leaders to set a new standard for online engagement.
HOW TO USE
To use looped in™, consumers simply download the app onto any iPhone or Android, instantly load money from a debit or credit account, or from a bank account, and then start acting like they have money stored right in an app. Along with paying at hundreds of merchants and restaurants, looped in™ app users can also send money to any friend or family member in the United States, in seconds, absolutely free -- just by keying in their friend's phone number. It's like texting, plus your money.
Consumers can also pool money, online or offline. Instead of throwing down four debit cards at a restaurant to pay, three friends simply send money to the fourth friend's looped in™ app
-- by keying in their phone number and hitting send inside the app. Pooling money online revolutionizes consumer ability to collectively make shopping cart purchases. They can send money to one person's phone. Then that person keys in their phone number in the shopping cart. Never before have groups of people been able to group-shop online. So if there's a buy one get one free situation, or bulk discounts, consumers can now take advantage of it online or in a store.
Consumers can move money in and out of their looped in™ account .To send money back to a bank account, just click on Withdraw money, enter the amount, and your PIN. Unique to mobile payments, when money is loaded into a looped in™ account, there is absolutely no personal data or banking data stored, captured, or sent. Please visit areyoulooped.in
Hashtags: #loopedin #getloopedin #payeasy #paysafe #areyouloopedin #wearebc
Twitter Account: @Jebbit