Let's go on a quick tour of this new tool in the MV arsenal; combining the ease of Motivosity's dollar-for-dollar feature and the accessibility of Visa, the ThanksMatters card transfers peer-to-peer recognition into the literal pockets of users. From local to international employees, the ThanksMatters card is the perfect solution. With the implementation of Motivosity's software, users in North America will receive a digital and physical ThanksMatters card. No activation is required so, as soon as they sign up, the user's Motivosity spending money balance is ready and available to be spent wherever Visa is accepted. Users outside of the United States will have access to the digital card that can be used anywhere that accepts tap-to-pay. 

There's no doubt that this development will expand the influence of employee appreciation, allowing users to spend their appreciation dollars anywhere they choose, from groceries to copays. It works too, as Motivosity has seen that once beta users enroll in the ThanksMatters card, cardholders send 40% more appreciations in the Motivosity platform. In addition to more recognition, 90% of all users' purchases go through the card directly and purchase 340% more often than simply using the Store feature. These back-and-forth statistics illustrate an incredible win-win situation: Users appreciate their peers more and redeem rewards more often with the ThanksMatters card. 

This is the future of employee recognition and engagement. Motivosity integrates key company values with the innovations and ease of modern technology to bring the ThanksMatters card to life. Simply put, this is taking rewards and recognition to a whole new level. 

About Motivosity

Motivosity is an employee recognition and feedback software that is centered around the mission to help people be happier at work. From the way we've coached our customers to build amazing cultures, everything we do is designed around this vision. We believe that companies unlock their greatest potential when they connect, recognize, lead, and listen. Our four products, coincidentally named Connect, Recognize, Lead, and Listen, work seamlessly together to bring this goodness to great companies. Motivosity customers experience a 95%+ user engagement rate. Our software drives amazing results by connecting employees to each other and to the business and makes visible all the great work team members are doing. Take a closer look at www.motivosity.com.

Source: https://www.newswire.com/news/motivosity-revolutionizes-employee-recognition-with-the-launch-of-the-21596316

Leading Third-Party Payment Provide Enforces Newly Issued RDC Patent

HAWTHORNE, N.Y. (June 22, 2020) – Any company using the Automated Clearing House (ACH) to lower costs and expedite paper check clearing may be infringing upon EFT Network, Inc.’s Remote Deposit Capture (RDC) patent, issued by the U.S. Patent  and Trademark Office.

Leading third-party payment provider EFT Network’s proprietary check cashing technology was issued U.S. Patent 10,354,234  – “System and Method for Single Point of Entry Deposit” after successfully defending 15 years of denials.

“ETfs RDC technology lowers the cost of check clearing, speeds up the notification of returned converted checks, and reduces the cost of returned checks to the depositor,” explained Steven Davis, CEO of EFT Network.

“We intend on enforcing our patent. We believe there are many conversations to be had with companies that are either knowingly or unknowingly utilizing, and therefore infringing, upon our intellectual property and patent.”

Any company using the ACH for low-cost clearings should contact EFT Network regarding a license if you intend on continuing to use EFT’s intellectual property, said Davis, inviting all communication to assist companies in arranging for a use license.

Don’t Know If You are Infringing on EFT Network’s Patent?

No worries. Communication with Davis will clear up any confusion. If you are using EFT’s patented technology for check clearing, Davis will assist you in obtaining a license to continue business as usual.

If you are not yet using EFT’s RDC technology,

now may be a great time to learn why you should.

“If you are not yet using our technology, you owe it to your bottom line to find out more about EFT’s RDC,” Davis said. “I can save you money and provide a better checking cashing system. I will save you money, improve your processes, offer more features and you’ll enjoy expedited service.”

This innovative technology distinguishes between consumer and non-consumer checks for low cost clearing. EFT’s technology is designed so businesses can scan and deposit checks conveniently from their places of business or other locations using a desktop check scanner.

EFT Network was the first company to perfect and offer a fully web based remote check deposit system after recognizing the value brought by the Check 21 Act that was signed into law in 2004. In March 2004, EFT filed for patent protection with the USPTO. Upon final approval in mid-2019, the USPTO has granted EFT seven additional years to its patent protection.

Davis reiterated: “EFT Network’s patent is out there now. We want all companies to be aware of the fact that they may be infringing on our IP and we want to issue licenses right away so companies can continue to use our outstandingly low-cost, efficient remote check clearing technology.”