InComm makes third-acquisition this year with purchase of Meridian Loyalty
Prepaid payments innovator InComm is continuing its shopping spree this week. The Atlanta-based company announced it has agreed to buy Meridian Loyalty, a loyalty and incentives company that creates engagement tools for large corporations, reports Julie Muhn at Finovate.
The amount of the acquisition was undisclosed.
The move offers InComm access to Missouri-based Meridian Loyalty’s database of Fortune 500 clients, it also will bolster InComm’s incentives product offerings that include B2C, B2B, and employee programs.
Specifically, Meridian Loyalty’s technology will help InComm reach beyond its stored value products and offer holistic, brand-focused services such as travel and merchandise redemptions.
Explaining the purchase, InComm CEO Brooks Smith said that it’s moving the company towards “helping customers maximise the performance of their programs.” Sam Toumayan, president and owner of Meridian Loyalty, adds, “… our point of view has been rewards-agnostic from day one. We’re incredibly excited to be joining the InComm team and finding innovative ways to drive positive client outcomes.”
Last month, the company purchased Hallmark Business Connections, a subsidiary of Hallmark Cards that provides employee incentive programs. In March InComm acquired Linq3 Technologies, an Atlanta, Georgia-based digital lottery company.
