Press Releases

Reward Summit Selected for Semi-Finals for NC IDEA

Charlotte Based Mobile Payment Startup Makes Short List for Popular Statewide Grant
April 4, 2013

Reward Summit, a leading mobile platform for payment reward optimization and intelligent digital internet merchant wallets, has been selected as a semi-finalist for a highly competitive statewide grant program known as NC IDEA. Reward Summit offers an app that determines the best credit card to use for a given purchase based on the miles, points, or cash-back offered by credit card companies. The app also can recommend new cards based on a person’s actual shopping patterns. Savings can be significant with the app, between $300 to $1,000, depending on consumer spending patterns.

“The Reward Summit app is another way that technology and data analysis can benefit consumers”, said John Espey, co-founder of Reward Summit. “We look forward to the next round of competition and can’t wait to learn more about the other exciting ventures in North Carolina that make a competition like this so exciting."

The app is available on the Play Store and the Apple App Store.

About Reward Summit: Reward Summit(tm) is headquartered in Charlotte, NC, and builds mobile and web-based solutions to help consumers take full advantage of the value of financial products. Its products are innovative, easy to use, secure, and always respect the privacy of the customer.

About NC IDEA: NC IDEA is a 501(c)(3) not-for-profit organization created to serve as a catalyst for young, high-growth, technology companies in North Carolina. We help these innovative companies mainly by providing early financing in the form of grants.
NC IDEA knows that money alone does not drive success. The management team at NC IDEA understands the needs of startups. The staff at NC IDEA has experience in building and advising young companies and is available as a resource for those companies that are awarded one of our grants.
NC IDEA is strategically positioned to leverage solid partnerships and alliances to support our grant winning companies. We are proud of our collaborative relationships with other North Carolina based organizations and the opportunities we can offer to young companies through these networks.

Reward Summit Available for Android from the Play Store

Mobile App Helps Customers Earn Hundreds in Extra Credit Card Rewards
March 14, 2013

Reward Summit, a leading mobile platform for payment reward optimization and intelligent digital wallets, today announced the availability of its popular credit card reward optimizing app on the Play Store for Android.

"We are very pleased with the experience on the Android version of our app. Furthermore, this is a very important milestone for us", according to Chris Hart, co-founder of Reward Summit. "We view Reward Summit as a platform rather than a mobile app on a single device. We will continue to refine all of our mobile products and to reach consumers and institutions wherever and however they make purchases."

The app is used for determining the best credit card to use for a given purchase based on the miles, points, or cash-back offered by the credit cards. It also can recommend new cards based on actual usage patterns over time. The savings can be significant, between $300 and $1,000 depending on consumer spending patterns.

The app is available on the Play Store and the Apple App Store.

Android_1 Android_2 Android_3

About Reward Summit: Reward Summit(tm) is headquartered in Charlotte, NC, and builds mobile and web-based solutions to help consumers take full advantage of the value of financial products. Its products are innovative, easy to use, secure, and always respect the privacy of the customer.

Reward Summit Joins RevTech Labs

Innovative Payment Startup Joins Charlotte Tech Incubator
March 5, 2013

Reward Summit, a leading mobile platform for payment reward optimization and intelligent digital wallets, today announced that it has joined a Charlotte-based incubator called RevTech Labs. RevTech Labs is hosted in Packard Place, the budding hub of entrepreneurship in uptown Charlotte.

“The RevTech program is a great fit for us as an early stage company. They are able to connect us with many great resources that companies like ours find incredibly useful. The exposure we’ve already gotten has been great”, stated Chris Hart, co-founder of Reward Summit.

The RevTech incubator program lasts 3 months and includes mentorship, free rent at Packard Place, and access to many exclusive networking events. Nine other companies joined Reward Summit in RevTech in 2013.

“We are pleased to have Reward Summit join RevTech. They are a great addition to the second class of the program and we cannot wait to see what the future holds for such a promising startup.”, added Dan Roselli, owner of Packard Place.

About Reward Summit: Reward Summit(tm) is headquartered in Charlotte, NC, and builds mobile and web-based solutions to help consumers take full advantage of the value of financial products. Its products are innovative, easy to use, secure, and always respect the privacy of the customer.

About RevTech: RevTech Labs is geared toward Charlotte’s burgeoning developer community and provides a place for tech startups to launch. The 3 month program focuses on early stage mobile, software and web companies. RevTech Labs provides free work space, mentorship, and programming all geared toward revolutionary technology startups. The program is now launching its second class this week and working through the end of April. The program will end with a Demo Day where the companies will have an opportunity to pitch to investors and the business community.

About Packard Place: Packard Place is the hub for entrepreneurship and innovation in Charlotte. Our mission is to develop fast-growth businesses and the professional community to drive them.

Packard Place allows startups and innovative organizations to be housed in one physical location in the heart of Uptown.

For more information, please email info@rewardsummit.com

Scott Lien Joins Reward Summit Team

Industry Veteran Joins Board of Directors
February 25, 2013

Reward Summit, a leading mobile platform for payment reward optimization, today announced that industry veteran Scott Lien has joined its board of directors as an investor and strategic advisor. Lien has extensive experience within retail, banking, and mobile financial products. He has led teams at Target Stores, Best Buy, Clarity, Bank of America, eTelCharge, and most recently Intuit.

"We are very pleased to add Scott to our team. He brings a wealth of product development expertise and a broad industry perspective as we look to build on our significant momentum. I look forward to working with Scott and continuing to build a world class team with expertise in the areas of mobile, social, location services, personal financial management, and most importantly intelligent digital wallets.” said co-founder Chris Hart.

"I believe that mobile devices are going to transform the way people shop and pay. The team at Reward Summit has created an innovative platform for a truly intelligent mobile wallet that will not only help customers, but also bring significant benefits to merchants, card issuers and mobile wallet providers." said Lien.

Reward Summit is available today on the web at www.RewardSummit.com and the iPhone and iPad. An Android version of the app will be released in March 2013.

About Reward Summit: Reward Summit(tm) is headquartered in Charlotte, NC, and builds mobile and web-based solutions to help consumers take full advantage of the value of financial products. Its products are innovative, easy to use, secure, and always respect the privacy of the customer.

For more information, please email info@rewardsummit.com

Scott Lien's LinkedIn Profile here.

Reward Summit Available from the App Store℠

Mobile App Helps Customers Earn Hundreds in Extra Credit Card Rewards
January 21, 2013

Credit card users can cash in more rewards through a new mobile app now available on the Apple App Store. Reward Summit(tm) tells credit card users which of their cards pay back the most cash, miles or points for any purchase – real-time, on the spot. The application is available for download from the App Store.

"Reward Summit helps your credit cards work for you," says John Espey, co-founder. "Our Reward Summit pilot test on average boosted card-holder rewards by $300 to $600 per year. As reward programs evolve, offer special campaigns or one-time offers, card holders using Reward Summit have an easy way to put more in their pockets." Espey offered an example. A card may offer 5% up to $1500 of purchases per quarter for restaurants and movie purchases, while other purchases earn 1%. Another card may offer 5% on drug store and gasoline. Reward Summit takes the guesswork out of finding the best deal for any purchase.

Reward Summit is backed up by a team with strong mobile, cloud computing, banking and cyber security experience. Chris Hart, co-founder of Reward Summit(tm) says, "This team built a game changing interface between mobile communications and personal finance, and the end user can use the app while in line waiting to pay for a purchase. Our app also can recommend the best new card to own based on individual spending patterns, which our studies show can increase rewards significantly."

The app requires no confidential customer information, such as card numbers or bank account numbers. This assures customers of their privacy and security. The app will also offer the ability to integrate with banks to securely pull in transactions to tally maximum spending limits for credit card offers. Reward Summit also meshes seamlessly with social networks to make recommendations based on location or merchant check-ins.

Hundreds of different credit card programs are available to consumers with many different types of reward programs. Rewards range from cash, airline miles or cash-to-bank account, to cards that award extra points if a certain amount is charged in a given time period. New federal financial regulations have credit card issuers changing perks and rewards. "Credit card rewards are a continually changing landscape, making that part of personal finances more complex. Every incremental savings adds up, though," says Espey.

Credit card companies may offer special rewards in three-month increments advertised well in advance but also offer unannounced weekend deals or one-day deals. Reward Summit is the dependable source of rewards information. It creates consistent reward-earning performance, individualized for each card holder, tapping the latest rewards data. "It’s the best couple of seconds card holders will invest when they check out at a store, restaurant or entertainment venue – a great payback. Each card holder sees that investment grow with each credit card statement," says Hart.

About Reward Summit: Reward Summit(tm) is headquartered in Charlotte, NC, and builds mobile and web-based solutions to help consumers take full advantage of the value of financial products. Its products are innovative, easy to use, secure, and always respect the privacy of the customer.