SOURCE: Tempo

Tempo

October 19, 2009 08:02 ET

Tempo and First Bank & Trust Forge Affinity Debit Card Alliance

SAN MATEO, CA--(Marketwire - October 19, 2009) - Tempo announced today a strategic alliance with First Bank & Trust, part of Fishback Financial Corporation of South Dakota, for issuance of affinity and co-branded debit cards.

The relationship is a vital element in Tempo's introduction today (see: "Tempo Ushers in New Era of Affinity and Co-Branded Debit Cards") of a new Web-based platform that enables organizations to quickly and easily offer open loop, partner-branded debit cards to customers, contributors and members. Tempo's platform enables these cards to be linked to cardholders' pre-existing checking accounts.

"With First Bank & Trust as our partner, we are able to provide a broad range of organizations with the ability to offer affinity debit cards to their customers, contributors or members, for use virtually anywhere," said Tempo CEO Mike Grossman.

In another related announcement today (see: "Non-Profit Groups Announce Affinity Debit Cards") Tempo announced the launch of its first affinity debit card programs with the Breast Cancer Fund, Greenpeace and the Surfrider Foundation.

"Tempo's affinity debit card platform will spur a broad range of new debit card options for consumers," said First Bank & Trust President Kevin Tetzlaff. "We are always looking for new, innovative ways to enhance our business and we are very excited about our partnership with Tempo."

About First Bank & Trust

First Bank is part of Fishback Financial Corporation, South Dakota's largest bank holding company with assets of over $1.6 billion. Family owned and operated since inception, the organization is built around the Fishback family's philosophy that bankers can be both conservative risk managers and entrepreneurs -- a philosophy that has guided the organization since 1880. Today, Fishback Financial owns five banks in South Dakota and Minnesota, as well as a number of nonbank subsidiaries. Visit us online at www.fishbackfinancial.com.

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.

These cards are 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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