Zevez Capitalizes on Credit Card Rewards for Businesses

Wednesday 23 June 2004 15:29 CET | News

Zevez has launched a service called RewardWorks that helps businesses systematically secure millions of credit card rewards.

By moving invoice payments from checks to reward-rich credit cards, businesses are, for the first time, able to generate profits from their existing accounts payable departments on a major scale. Rewards have become common place for consumers, but used in a limited fashion in the business world. With Zevez, businesses can now capitalize on this untapped asset and produce a new source of earnings without making any major changes. Zevez delivers a turnkey service that fits into a customers current accounting process. So paying by card looks and feels to the accounting team as if they are paying by check. The service is simple, affordable and built to handle the volume and complexity of business payments with ease. Companies can pay for many business expenses by credit, including inventory, supplies, and utility bills, and in the process rack up massive credit card rewards that can be applied to the bottom line. These rewards can be redeemed for cash, travel, or merchandise -- even new Harley Davidson motorcycles. Zevez customers are using rewards as incentives for employees, executives and channel partners, in addition to creating customer marketing programs to drive revenue. Zevez handles all the steps in the process from checking on vendors who accept cards, finding the best card for the customer, installing a software system that interfaces with existing accounting software to offering a Redemption service so customers use the rewards they have accumulated. RewardWorks requires minimal installation and training time, allowing companies to get up and running in minutes. Customers can also be assured that their information will remain secure as the financial data remains at the customer site.

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Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce