“We are excited to be one of the first banks to be working with Stratos this fall,” said Dan O’Malley, Chief Digital Officer Eastern Bank of Eastern Bank. “Eastern Bank is the largest and oldest mutual bank in the country and we serve 400,000 customers in Massachusetts and New Hampshire. It is our heritage to stay on the cutting edge of financial tech solutions that focus on making banking easier and more secure. By piloting Stratos Bluetooth Connected Cards, we can ensure our customers are getting access to the most innovative payment technology on the market today.”
The Stratos bank issuer program will set up a bank’s credit and/or debit card as the “top of wallet” experience for its members using Stratos. Banks will receive card issuance and usage data as well as detailed insights on consumer behaviors aggregated using co-branded Stratos Cards.
Benefits to Issuers
“The partner interest and activity we have seen since launching Stratos in March has been amazing,” said Thiago Olson, co-founder and CEO of Stratos. “We have developed a significant pipeline of business that range from co-issuing to distribution deals. Working with like-minded partners such as Dan O’Malley at Eastern Bank will help drive the US mobile payment adoption in a secure, easy and reliable way.”
Retail merchants can also make their private label and loyalty cards always accessible with Stratos Cards. Using geo-sensitive mobile lock-screen notifications at the point of purchase, retailers can acquire new cardholders using Stratos digital card issuance and encourage card usage for all its current users. The Stratos Connected Card is the ideal solution for retailers who want to increase security and merchant card use.
Benefits to Merchants
Stratos also offers promotional and distribution programs for resellers, marketers and companies interested in purchasing Stratos Cards in bulk. For more information on Stratos’ Partner program https://www.stratoscard.com/partners or email email@example.com.