Consorteum Holdings Inc. announced that it is launching its consumer stored value rebate card. The consumer rebate card program offers manufacturers and retailers an all new way to process mail-in rebates. Differentiating itself from traditional rebate programs, this new program ensures increased customer loyalty and decreased overhead costs.
Quent Rickerby, President & COO of Consorteum Holdings Inc., stated, “This new program will significantly reduce the costs of managing mail-in rebates. The process of mailing checks to consumers continues to be very expensive and only provides for a one-time interaction with the recipient. With this new program, the consumer receives a co-branded gift card that can be used at any merchant accepting credit cards.”
Working directly with manufactures and retailers to reduce the administration costs associated with mail-in rebate programs, Consorteum will provide a new way to increase consumer awareness. Further revenue and cost-saving opportunities will be available to all parties through unspent funds left on the card after expiration.
Mr. Rickerby added, “By providing a co-branded gift card, the manufacturer or retailer has the ability to increase and reinforce their marketing brand every time the card is used. The card also provides the consumer with a choice of where they want to spend their rebate.”
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