Developed with Merchant Processing Partner ACI Worldwide
San Francisco, CA, Oct. 25, 2022 (GLOBE NEWSWIRE) — RocketFuel Blockchain Inc. ( RKFL) (“RocketFuel” or the “Company”), a global provider of payment solutions via ACH wire transfers, Bitcoin and other cryptocurrencies, is pleased to announce the launch of its loyalty program, which was developed in collaboration with ACI Worldwide, its major merchant processing partner.
The RocketFuel Loyalty Program will initially be available to select merchants, with a full release expected by the end of 2022. Both sellers and buyers will benefit from the world’s first crypto payment loyalty program. Merchant customers earn RocketFuel Loyalty Tokens on all purchases for free. Merchants are able to market goods and services to all members of RocketFuel’s loyalty program. Shoppers earn RocketFuel tokens on all purchases across all merchants and can redeem tokens on RocketFuel’s marketplace with participating merchants.
The timing of RocketFuel’s loyalty program is significant as Metaverse’s traction increases using modern technology. Merchants can include NFT technology in promotions to members. Shoppers can earn blockchain-based tokens instead of points. Tokens can be easily transferred, shared, improved or sold.
Peter Jensen, CEO of RocketFuel, commented: “We continue to add new products that add revenue streams for our payment partners and their merchants by allowing merchants to promote their products across all of our members using the latest blockchain technologies. Payment service providers and others have traditionally been excluded from participating in revenue and profits from loyalty programs. With our unique model, this new RocketFuel loyalty program changes all that and enables participation and additional revenue for our partners and merchants. It’s a win-win for all merchants and buyers.”
Basant Singh, Sr. Vice President and Global Head Of Merchant at ACI Worldwide, said: “We are excited to work with RocketFuel to bring a loyalty program to our merchants and partners that leverages the latest blockchain technologies. The opportunity for payment service providers to participate in the revenue and profits from loyalty programs is a first and a significant game changer for the industry.”
About RocketFuel BlockchainInc.
RocketFuel is a global payment solutions company that provides online customers with a simple, user-friendly, one-click payment process that accepts payments by wire transfer, Bitcoin and 50+ cryptocurrencies. RocketFuel delivers a highly secure and efficient shopping cart experience with significantly low merchant fees, along with the benefits of no chargebacks and no card declines. RocketFuel’s solutions focus on improved privacy for customers that eliminate the risk of data breaches while improving speed, security and ease of use. Shoppers at RocketFuel-powered online stores enjoy seamless checkout and forget the clunky shopping cart paradigm of the past. RocketFuel sellers can implement new impulse buying schemes and generate new sales channels not available in other current e-commerce solutions. More information about RocketFuel is available at: www.RocketFuelBlockchain.com
Disclaimer for forward-looking statements:
The company believes that this press release contains forward-looking statements as this term is defined in the Private Securities Litigation Reform Act of 1995. Terms such as “may”, “may”, “would”, “should”, “could”, “project”, “estimate” , “pro forma”, “predict”, “potential”, “strategy”, “anticipate”, “attempt”, “develop”, “plan”, “help”, “believe” “continue”, “intend”, “expect”, “future” and terms of similar meaning (including the negative of any of these terms) may identify forward-looking statements. Such forward-looking statements, including but not limited to statements regarding management’s plans and objectives for future operations, are based on management’s current expectations and are subject to risks and uncertainties that could cause results to differ materially from the forward-looking statements. Actual results and the timing of certain events and circumstances may differ materially from those described in forward-looking statements as a result of these risks and uncertainties. Factors that could affect or contribute to the accuracy of the forward-looking statements or cause actual results to differ materially from expected or desired results may include, without limitation, market acceptance of the Company’s products and services; competition from existing products or new products that may appear; implementing the company’s business model and strategic plans for our business and products; estimates of the company’s future revenues, expenses, capital needs and financing needs; current and future government regulations; and developments related to the company’s competitors. Readers are cautioned not to rely on forward-looking statements because of the risks and uncertainties associated with them. For additional information regarding such risks and uncertainties, you are encouraged to review the Company’s filings with the Securities and Exchange Commission (“SEC”), including its Annual Report on Form 10-K for the fiscal year ended March 31, 2022 and quarterly. Report on Form 10-Q for the fiscal period ended June 30, 2022. The Company undertakes no obligation to update any forward-looking statements as a result of new information or future events or developments, except as required by law.
For more information, please contact:
Company:
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Investors:
Ben Yankowitz, CFO
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ClearThink Investor Relations
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