SOURCE: Tempo

Tempo

November 10, 2010 08:00 ET

Sheetz Offers Rewards Debit Card Powered by Tempo

Tempo's Web Platform Provides Easy Signup for Shoppers to Earn Discounts on Gasoline and Cash-Back Opportunities

SAN MATEO, CA--(Marketwire - November 10, 2010) -  Sheetz, Inc., one of the fastest growing, family-owned convenience stores in the world, with more than 380 locations across six states, is now offering customers a Tempo-powered rewards debit card that links to consumers' existing checking accounts. The Sheetz Rewards Debit Cards are issued by Tempo partner First Bank & Trust of Brookings, SD, part of Fishback Financial Corporation, and can be used everywhere Discover cards are accepted. 

Shoppers using the Sheetz Rewards Debit Card for purchases at Sheetz locations will earn discounts on gasoline purchases, as well as cash-back for purchases at millions of other retailers nationwide. Sheetz is using Tempo's Web-based debit card platform to offer its own branded debit cards and provide a web portal for consumers to apply for and activate cards, as well as track purchases and rewards. 

"Debit cards increasingly are the preferred payment choice of customers and we know they value rewards for purchases, so we're very pleased to offer this innovative debit card," said Louie Sheetz, executive vice president of marketing, Sheetz, Inc. "Tempo has consistently advanced the use of affinity debit cards and its technology along with the Discover payment network makes our program very easy to implement and convenient for our customers."

Tempo is the leading provider of co-branded debit cards that can be used on a major payment network for online purchases, offline purchases and ATM withdrawals. Tempo's unique software-as-a-service technology makes it easy for companies to offer rewards debit cards and provide the ability to link an independent branded debit card to a customer's existing checking account. 

"Sheetz has long been an innovator in the convenience store business and will be able to leverage Tempo's debit card technology to generate and reward customer loyalty," said Tempo CEO Mike Grossman. "Our revolutionary Web-based program enables businesses to quickly and easily offer affinity debit cards, and for consumers to select a debit card that is aligned with the organization and rewards of their choice."

Since 1952, Sheetz has grown from a small dairy/deli in Altoona, PA, to one of the fastest growing, family-owned convenience stores in the world, with more than more than 13,000 employees at more than 380 locations across Pennsylvania, Maryland, Virginia, West Virginia, Ohio and North Carolina. Every time customers use the Sheetz Rewards Debit Card at a Sheetz location they will earn a discount of 2 cents per gallon off at the pump on their next gasoline purchase.

Tempo-enabled debit cards are affinity partner-branded, generate valuable cardholder rewards, and can be used for online and offline purchases and ATM withdrawals. Working with First Bank & Trust, Tempo manages all aspects of card issuance, including risk management, application processing, card fulfillment, authorization and settlement. 

About Tempo

Tempo is the leader in enabling organizations to quickly and easily offer affinity and co-branded debit cards to their customers, contributors and members. The open loop cards are rewards-based, partner-branded, and linked to the consumer's existing checking account. Tempo provides its affinity partners with a Web-based platform that makes it easy to launch and market co-branded debit programs. The partners benefit by generating new revenue, and building loyalty through the delivery of enhanced cardholder value. Tempo is privately held and is headquartered in San Mateo, CA. For additional information, visit www.tempo.com

This card is issued by First Bank & Trust, Brookings, SD. First Bank & Trust is a member of the FDIC and part of the Fishback Financial Corporation.

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