CNBC staff get cashless payment & loyalty cards

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By: Wise Marketer Staff |

Posted on November 1, 2003

CNBC staff get cashless payment & loyalty cards

The business news organisation, CNBC (a subsidiary of General Electric), is to provide its employees with a cashless payment and loyalty solution from FreedomPay at its global headquarters in New Jersey, USA.

According to Bob Meyers, general manager for CNBC, the system will revolutionise how employees pay for products and services at the firm's headquarters, ranging from food and drinks to transport needs.

"We constantly strive to provide innovative ways to improve our employee's environment, and FreedomPay provides the most advanced technology for a payment that is quick, convenient and secure," explained Meyers.

Employee dining facilities at the site are now to offer FreedomPay's 'tap and go' cashless payment and loyalty solution. The company's own employee commuter bus fleet will also accept payment using the cards.

According to FreedomPay's CEO, Tom Durovsik, cashless payments has emerged as "one of the fastest growing segments of electronic payments". With the installation of the system, CNBC joins an expanding list of businesses, universities, healthcare facilities, government and military departments that have introduced cashless retail environments in recent years.

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