SOURCE: LevelUp

LevelUp

April 14, 2015 10:56 ET

Phil Purcell to Join LevelUp Board of Directors

Brings Unparalleled Payments and Management Expertise to Fast Growing Mobile Payment and Loyalty Startup

BOSTON, MA--(Marketwired - April 14, 2015) - Today LevelUp is announcing that Phil Purcell is joining the LevelUp Board of Directors. Phil Purcell is the President of Continental Investors LLC and was previously the CEO of Morgan Stanley and one of the founders of Discover, one of the largest payment networks in the world. Phil will be helping LevelUp continue to scale it's mobile payment and loyalty network with his many years of experience in payments and managing large, fast-growing firms.

"We are absolutely thrilled to be having Phil Purcell join our Board of Directors," said Seth Priebatsch, Chief Ninja at LevelUp. "There's only a very small number of people out there who combine a knowledge of how to build a world class company with such deep experience in the payments industry. I view it as a real competitive advantage for LevelUp to be able to lean on someone for advice who's been there before and seen it happen from the ground level."

Phil Purcell's joining of the LevelUp Board of Directors deepens Continental Investors relationship with LevelUp. Continental Investors has been an investor in LevelUp since 2012 and has watched and helped the company grow from just a few merchants and users to now thousands of merchants and millions of active users.

"It's a pleasure to join the LevelUp Board. Thirty years ago Discover used the innovation of cashback rewards and a merchant centric network to shift the markets for payments and commerce," said Phil Purcell. "Today, technology is affording the opportunity to shift consumer behavior and tilt the balance of power in commerce again. We are immensely impressed with the accomplishments at LevelUp and look forward to assisting them in the battle ahead."

With over 2.5 million users, LevelUp is one of the largest mobile payment and loyalty networks in the country. Consumers simply pay with their phones to unlock rewards at over 14,000 merchant locations. LevelUp helps merchants learn more about their customers and implement campaigns to attract new customers and reward their most loyal patrons.

Recently, LevelUp announced that customers would now be able to access merchants payment/loyalty cards right from Apple's new wallet, Passbook, along with Google Wallet, giving merchants prime placement right next to the customer's American Express, Mastercard or Visa in their mobile wallet. When consumers pay with LevelUp, merchants not only gather valuable insights, but also save on payment processing with industry-low interchange rates.

Looking to give LevelUp a try? Download the LevelUp app for iPhone, Android or Windows Phone.

Questions 
Please contact Alex Shuck - alexs@thelevelup.com.

About LevelUp
LevelUp helps merchants own the shift to mobile by powering mobile-payment optimized loyalty programs, enabling their customers pay for their purchase and accrue/redeem rewards with a single scan or tap. LevelUp's analytics platform helps merchants better understand their customers and deliver the right campaigns to the right customers to drive revenue and increase customer happiness. LevelUp is currently used by over 14,000 merchant locations and 2.5 million users. Anyone can download the free LevelUp app for iPhone or Android. Merchants can also embed the LevelUp SDK into their own branded applications. Learn more at TheLevelUp.com.

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