BOSTON, MA--(Marketwired - Jan 27, 2014) - PXT Payments, provider of looped in™, an electronic mobile payment system (watch the video), is running a Spring semester campaign to warm up sports fans and college students each time they play and pay with looped in.
For each money load of $10 or more, looped in will add another $5 to the account. Consumers will see the $5 appear instantly in their balance on the app's home screen. And each time a consumer spends $5 or more of their looped in dollars, another $2 gift will pop up instantly in their account balance. The campaign will run all Spring semester.
"Using looped in to pay is so simple, and I watched the money reward appear instantly on my phone today," said Nona Haller, a BU freshman TV/Film major. "It was really cool!"
Students who use looped in say that the deals are important because managing money can be tough. "They really help with a tight budget, especially for extras like snacks and drinks at the game," said said Raeshell Martinez, a freshman business major at BU.
Money can be loaded into a free, PIN-secured looped in account with funds from any bank account or debit/credit card. Once the money is loaded into the app, the phone is ready to use for paying merchants, or sending money to other looped in account holders.
"I really love this app. We use our phones for everything and looped in is exactly what we need in a payment app," said Iveta Stancheva, a BU freshman. "It's much easier than a wallet."
Visit areyoulooped.in to see all participating merchants and for quick and easy steps to enjoy the PIN-based mobile pay app with person-to-person payment, group buying, deals and deal sharing.
ABOUT looped in and PXT Payments:
looped in is a complete electronic payment system that combines the convenience of a mobile application with the simple transparency of a cash transaction. With looped in, consumers can transact both online and in line with PIN-based security, redeem offers as part of a transaction, send friends deals they're not using and instantly send friends money. looped in offers merchants features that strengthen customer loyalty, reduce risk and eliminate the complexities that come with other electronic payment methods. It is truly a social payments product. Founded in 2004, PXT Payments has been processing electronic payment transactions since 2005. PXT Payments has redefined payments through its social payment product, looped in.