We’re excited to announce that GroupCard has been acquired by InComm. Helping people come together to give their friends and family a meaningful gift has always been an important part of GroupCard. We created GroupCard with the basic principle that social expression and group gifting would be a major growth driver for the online prepaid business. Teaming with InComm will help us achieve an even broader social payments strategy in partnership with the leading product brands and retailers worldwide.
Read our press release:
InComm, the leader in sales and marketing of prepaid products and innovator of transaction processing, has acquired GroupCard, a leading developer of social gifting applications on Facebook®. Leveraging the GroupCard social gifting platform, InComm extends its leadership in online gift card and social payments services. Together, the companies will generate greater social marketing exposure for retailers and some of the industry’s first ecommerce solutions for prepaid gift card products.
“This acquisition will allow InComm merchants and product partners to capitalize on social platforms, especially Facebook, to sell and distribute gift cards online,” said Brian Parlotto, InComm Senior Vice President of Consumer Products and International. “It demonstrates our commitment to the Facebook ecosystem, and complements InComm’s solutions with new, world-class ecommerce capabilities that will drive additional business for all of our partners.”
Read our full press release here