{"id":407598,"date":"2021-01-04T09:07:58","date_gmt":"2021-01-04T14:07:58","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=407598"},"modified":"2021-01-04T09:07:58","modified_gmt":"2021-01-04T14:07:58","slug":"pennexx-has-completed-all-necessary-approvals-and-agreements-to-release-its-mastercard-your-social-offers-prepaid-debit-card","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/pennexx-has-completed-all-necessary-approvals-and-agreements-to-release-its-mastercard-your-social-offers-prepaid-debit-card\/","title":{"rendered":"Pennexx Has Completed All Necessary Approvals and Agreements to Release its Mastercard\u2122 Your Social Offers Prepaid Debit Card"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"start\">Philadelphia, PA, Jan.  04, 2021  (GLOBE NEWSWIRE) &#8212; <u><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=dY8P6RkR6cNIqAqfAUEjUITQJDNRn4OdMc_PtI_Wr3BXvjZSONXPjwsqTvfx1hx8bP-7fl0veiipufH2aSkTTlumlCDo-zYBcNlcIRhWzTc=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">via NewMediaWire<\/a>\u00a0&#8212;<\/u>\u00a0Pennexx (PNNX) received\u00a0the final signed document from\u00a0Vineet\u00a0Katial,\u00a0CEO of Vista Money, LLC, and confirmation that\u00a0all legal requirements and approvals\u00a0were\u00a0complete for\u00a0Pennexx to complete\u00a0the launch of the Your Social Offers\u00a0Mastercard\u2122 prepaid debit card.<\/p>\n<p align=\"start\">Pennexx is currently completing the integration between its\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=u82lTIkXUWDgZnaSsbOahcDERfiZHmskdY-Heh577xmkh_2jE9lVoQF_neolTrJfEwDqMwrVXI3uwMTqFLfenJ6hDoW-0h9rHFY_91kYLy8=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/YourSocialOffers.com<\/a>\u00a0dashboard and Vista Money\u2019s server so that they can begin sending out these debit cards.<\/p>\n<p align=\"start\">These prepaid debit cards represent an exciting time for Pennexx as income generated by influencers could be directly deposited on the prepaid debit card, making it possible for influencers to monetize their influence.<\/p>\n<p align=\"start\">Rewards can also be deposited on the card so that offers can contain a cash component.<\/p>\n<p align=\"start\">Pennexx generates revenue through the activity of uses of the card.<\/p>\n<p align=\"start\">The cards also give consumers another method of payment.\u00a0<\/p>\n<p align=\"start\">CNBC in\u00a0an article states\u00a0that prepaid credit cards have\u00a0an\u00a0appeal to consumers that do have a credit card.\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=u82lTIkXUWDgZnaSsbOaheZKgnga-vWU5KQ5-zLykr8n9Jh_RLOKplHkY2_QDjQ4WSFbWkh0zBLWHujBHRxvK96QWGzMa-6ypZwfl6msooB_lJB5lGFmsV-sCdq9AqmX0TIv4VWyebGyuYAiAJAqAXQ0OtQNrIT2VZxYYvUR-EiOjv0qu9udkda3RcJjs4nFn0vMJlNRzmynmdYkSaT-zupePcXUTEoAKxRROww6fupan3PZjEe0rXBLQLpcK3iF\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/www.cnbc.com\/2014\/02\/07\/why-prepaid-debit-cards-are-appealing-to-so-many.html<\/a><\/p>\n<p align=\"start\">It states, \u201cPew surveyed adults who use prepaid cards at least once a month and found that 59 percent currently have a checking account and 45 percent had used a credit card in the past year.\u201d<\/p>\n<p align=\"start\">Infosys.com put out a white paper,\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=u82lTIkXUWDgZnaSsbOahej7Li3yxk4NmhhBiISQK6Gx5IWcbHtXScHAgKk0cj0IQbLr2UkWfxNwaJM8uXQcJdzSuTDT9XQKxlWou6DBfmCQjR0-Azx1sd-rFEjWxReTa6oDL3lAgJ_rD7zQoB0kpH8sQM3HSzbKfdYaZBFvCXIhQflWLV8geJnRiRyedkMf1N7xE1IGftWi2eLwJ9cHsfWNQQ_tVnHQMscw1wCEvevUu-hHo-MzF1qA2eCXp-1utlBAs7us144suQk0DenPnaqgQ68Tki_5rZLro1LlXe0=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/www.infosys.com\/industries\/cards-and-payments\/resources\/Documents\/prepaid-card-industry.pdf<\/a>. In that white paper they say, \u201cThe prepaid segment is expected to grow exponentially by 2022, with the US market touching US$3.1 trillion. In order to have a share in the pie, prepaid providers should continue evolving and innovating not only from a technological standpoint, but also from a consumer standpoint and redefine the way the prepaid product is perceived by the public.\u201d<\/p>\n<p align=\"start\">Vincent Risalvato, CEO of Pennexx, says, \u201cWe believe that we can create an innovative offering for our Your Social Offer\u2019s members. A rewards card that is a leader in the industry. This coupled with Your Social Offers influencers could create a viral opportunity for the company to grow.\u201d<\/p>\n<p align=\"start\">For More Information<\/p>\n<p align=\"start\">Pennexx will do\u00a0their\u00a0best to openly and publicly answer your questions and concerns via social media on Twitter\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=u82lTIkXUWDgZnaSsbOahdeRfl_5CfdKJkJ0K207tlQ7qn0LPUGVbvHnHD5cQcltcs8hvyQTjRHJUNVAKOgQxZt6o--ILbwKvoZMcbQWkH8=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/twitter.com\/pennexx<\/a>\u00a0@pennexx\u00a0or you may email\u00a0info@pennexx.net.\u00a0<\/p>\n<p align=\"start\">You may also\u00a0follow\u00a0them\u00a0on Twitter; Ms. Sunny Sweet (@sunnysweettweet)\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=u82lTIkXUWDgZnaSsbOahQQfrfy_X7nmyLqdQl1AF_JSorWc9m36BQBSxASzBLqIUPTUYj1RUSx7vnd_8U4K9S8H9id_KJIv5d9RH-2f8EDXei9jLw5cMfImb3kYKVcR\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/twitter.com\/sunnysweettweet<\/a>,\u00a0Mr. Risalvato (@vrisalvato)\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=u82lTIkXUWDgZnaSsbOahXj_6guQQj2irTK7HAf2fXV1HIB3N7sGc-y873svZyOvRhB7ICMC3AntQrP49RqnZk4oeePoBO0g36WMHb5uOXhiUd7YTHqCLvLBMAuhpphH\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/twitter.com\/vrisalvato<\/a>\u00a0and\u00a0Joe Candito (@jcandito)\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=u82lTIkXUWDgZnaSsbOahWshFzehlZhF-YFLBTkEXS8QQjnGOs2LXCVuDQNThhyxWFPw-8enXOkV7J-UKEOUKjdBBO1HU7U8prForOtGz94=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/twitter.com\/jcandito<\/a>.<\/p>\n<p align=\"start\">About Pennexx Foods Inc.\u00a0<\/p>\n<p align=\"start\">About Pennexx Foods Inc. (PNNX: OTCMKTS US). Pennexx, through its wholly-owned subsidiaries, is a holding company within the Software\/Internet Industry focused on social media, prepaid debit cards,\u00a0BitGift\u2122, artificial intelligence, targeted marketing, and consumer rewards.<\/p>\n<p align=\"start\">\u00a0Safe Harbor Act: This release may contain &#8220;forward-looking statements&#8221; within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. &#8220;Forward-looking statements&#8221; describe future expectations, plans, results, or strategies and are generally preceded by words such as &#8220;may,&#8221; &#8220;future,&#8221; &#8220;plan&#8221; or &#8220;planned,&#8221; &#8220;will&#8221; or &#8220;should,&#8221; &#8220;expected,&#8221; &#8220;anticipates,&#8221; &#8220;draft,&#8221; &#8220;eventually&#8221; or &#8220;projected.&#8221; You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company&#8217;s annual report.<\/p>\n<p align=\"start\">For additional information, you may also visit our website at\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=u82lTIkXUWDgZnaSsbOahRZ07zrGLn6BdMyukWivZZPTsN_FrQRF44PEV30RHZezeNvt7r_iKgKvi56gEiNCioEQbe8TubDf8XOrT-MWceA=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/yoursocialoffers.com<\/a>\u00a0or\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=u82lTIkXUWDgZnaSsbOahbuADjN_QPMomYbXORhYOysKQHoPS3rsPUPfjEjKpauZsJ1PqCeD7XZNMx7Woy1HLw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/pennexx.net<\/a>\u00a0or call 866-928-6409. Please follow us on Twitter @Pennexx.<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEyMDAwMSMzOTAzMDkxIzUwMDA2ODg2OQ==\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/14c7af21-f02b-4248-b138-1f4a3075835a\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Philadelphia, PA, Jan. 04, 2021 (GLOBE NEWSWIRE) &#8212; via NewMediaWire\u00a0&#8212;\u00a0Pennexx (PNNX) received\u00a0the final signed document from\u00a0Vineet\u00a0Katial,\u00a0CEO of Vista Money, LLC, and confirmation that\u00a0all legal requirements and approvals\u00a0were\u00a0complete for\u00a0Pennexx to complete\u00a0the launch of the Your Social Offers\u00a0Mastercard\u2122 prepaid debit card. Pennexx is currently completing the integration between its\u00a0https:\/\/YourSocialOffers.com\u00a0dashboard and Vista Money\u2019s server so that they can begin sending out these debit cards. These prepaid debit cards represent an exciting time for Pennexx as income generated by influencers could be directly deposited on the prepaid debit card, making it possible for influencers to monetize their influence. Rewards can also be deposited on the card so that offers can contain a cash component. Pennexx generates revenue through the activity of uses of the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/pennexx-has-completed-all-necessary-approvals-and-agreements-to-release-its-mastercard-your-social-offers-prepaid-debit-card\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Pennexx Has Completed All Necessary Approvals and Agreements to Release its Mastercard\u2122 Your Social Offers Prepaid Debit Card&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-407598","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Pennexx Has Completed All Necessary Approvals and Agreements to Release its Mastercard\u2122 Your Social Offers Prepaid Debit Card - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/pennexx-has-completed-all-necessary-approvals-and-agreements-to-release-its-mastercard-your-social-offers-prepaid-debit-card\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pennexx Has Completed All Necessary Approvals and Agreements to Release its Mastercard\u2122 Your Social Offers Prepaid Debit Card - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Philadelphia, PA, Jan. 04, 2021 (GLOBE NEWSWIRE) &#8212; via NewMediaWire\u00a0&#8212;\u00a0Pennexx (PNNX) received\u00a0the final signed document from\u00a0Vineet\u00a0Katial,\u00a0CEO of Vista Money, LLC, and confirmation that\u00a0all legal requirements and approvals\u00a0were\u00a0complete for\u00a0Pennexx to complete\u00a0the launch of the Your Social Offers\u00a0Mastercard\u2122 prepaid debit card. Pennexx is currently completing the integration between its\u00a0https:\/\/YourSocialOffers.com\u00a0dashboard and Vista Money\u2019s server so that they can begin sending out these debit cards. These prepaid debit cards represent an exciting time for Pennexx as income generated by influencers could be directly deposited on the prepaid debit card, making it possible for influencers to monetize their influence. Rewards can also be deposited on the card so that offers can contain a cash component. Pennexx generates revenue through the activity of uses of the &hellip; Continue reading &quot;Pennexx Has Completed All Necessary Approvals and Agreements to Release its Mastercard\u2122 Your Social Offers Prepaid Debit Card&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/pennexx-has-completed-all-necessary-approvals-and-agreements-to-release-its-mastercard-your-social-offers-prepaid-debit-card\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-04T14:07:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEyMDAwMSMzOTAzMDkxIzUwMDA2ODg2OQ==\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pennexx-has-completed-all-necessary-approvals-and-agreements-to-release-its-mastercard-your-social-offers-prepaid-debit-card\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pennexx-has-completed-all-necessary-approvals-and-agreements-to-release-its-mastercard-your-social-offers-prepaid-debit-card\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Pennexx Has Completed All Necessary Approvals and Agreements to Release its Mastercard\u2122 Your Social Offers Prepaid Debit Card\",\"datePublished\":\"2021-01-04T14:07:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pennexx-has-completed-all-necessary-approvals-and-agreements-to-release-its-mastercard-your-social-offers-prepaid-debit-card\\\/\"},\"wordCount\":629,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pennexx-has-completed-all-necessary-approvals-and-agreements-to-release-its-mastercard-your-social-offers-prepaid-debit-card\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODEyMDAwMSMzOTAzMDkxIzUwMDA2ODg2OQ==\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pennexx-has-completed-all-necessary-approvals-and-agreements-to-release-its-mastercard-your-social-offers-prepaid-debit-card\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pennexx-has-completed-all-necessary-approvals-and-agreements-to-release-its-mastercard-your-social-offers-prepaid-debit-card\\\/\",\"name\":\"Pennexx Has Completed All Necessary Approvals and Agreements to Release its Mastercard\u2122 Your Social Offers Prepaid Debit Card - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/pennexx-has-completed-all-necessary-approvals-and-agreements-to-release-its-mastercard-your-social-offers-prepaid-debit-card\/","og_locale":"en_US","og_type":"article","og_title":"Pennexx Has Completed All Necessary Approvals and Agreements to Release its Mastercard\u2122 Your Social Offers Prepaid Debit Card - Market Newsdesk","og_description":"Philadelphia, PA, Jan. 04, 2021 (GLOBE NEWSWIRE) &#8212; via NewMediaWire\u00a0&#8212;\u00a0Pennexx (PNNX) received\u00a0the final signed document from\u00a0Vineet\u00a0Katial,\u00a0CEO of Vista Money, LLC, and confirmation that\u00a0all legal requirements and approvals\u00a0were\u00a0complete for\u00a0Pennexx to complete\u00a0the launch of the Your Social Offers\u00a0Mastercard\u2122 prepaid debit card. Pennexx is currently completing the integration between its\u00a0https:\/\/YourSocialOffers.com\u00a0dashboard and Vista Money\u2019s server so that they can begin sending out these debit cards. These prepaid debit cards represent an exciting time for Pennexx as income generated by influencers could be directly deposited on the prepaid debit card, making it possible for influencers to monetize their influence. Rewards can also be deposited on the card so that offers can contain a cash component. 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