SOURCE: American Express Incentive Services

March 13, 2008 18:34 ET

Swift Prepaid Solutions™ and American Express Incentive Services Enter Licensing Agreement

ST. LOUIS, MO--(Marketwire - March 13, 2008) - Swift Prepaid Solutions™, experts in the field of prepaid bankcard products, and American Express Incentive Services (AEIS) announced today that they have entered into a licensing agreement. Swift Prepaid Solutions will license two AEIS patents (U.S. Patent Numbers 5,689,100 and 5,956,695) leveraging AEIS' merchant acceptance process, DirectSpend(SM), to strategically direct cardholder spend to selected merchants.

Swift Prepaid Solutions designs and executes consultative prepaid programs towards businesses and their employees, clients and consumers. The company will utilize DirectSpend as part of its strategy to deliver value-added business and consumer solutions for applications including incentives, promotions, rebates, gift cards, rewards and pharmaceutical.

"Swift Prepaid Solutions offers an exciting suite of products and services to an array of Fortune 2000 companies," said Sheree Herr, Vice President of Licensing at AEIS. "By utilizing DirectSpend, Swift Prepaid Solutions will deliver the strategic capability to drive cardholder traffic to trusted business partners, retailers, distributors and B2B customers."

"Innovation is a cornerstone of our business model," said Braven Imai, President of Swift Prepaid Solutions. "By incorporating the DirectSpend process into our offerings, we are expanding not only our portfolio of services; we are also empowering our clients with additional business opportunities."

For more information on AEIS' patented DirectSpend process, please call (636) 600-1342 or visit

About AEIS

AEIS, a joint venture between American Express Travel Related Services Company Inc. and Maritz Inc., provides business-to-business reward solutions including prepaid cards, American Express® Gift Cheques and a Web-based reward management tool. Its products address a broad array of applications such as employee reward and recognition, sales incentives and consumer promotions while helping clients drive consumer and employee behaviors, build loyalty and increase brand awareness. AEIS is headquartered in Fenton, Mo., and is a licensee of U.S. patents 5,689,100 and 5,956,695. For more information, please contact Sheree Herr at 636-600-1342, or visit

About Swift Prepaid Solutions™

Swift provides Fortune 2000 corporations with a comprehensive suite of prepaid Visa, MasterCard and Discover products and services. Swift's solutions help clients increase their brand awareness, solve unique payment problems, and motivate and influence the behaviors of consumers, employees, customers, agents, and suppliers. Swift's innovative product set and technology platforms help deliver proven ROI in a simple, seamless and unique manner. For over 10 years, more than 350 world-class organizations have relied on Swift to deliver value-added solutions that make a difference to their customers and employees.

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