 |
 |
Every Penny Counts, Inc.
Provides banks, processors, merchants and nonprofits – with patented technology – to grow and maintain passionate customers! |
|
home / about us /
rounder
program /
other products / nonprofits /
|
||
|
Q & A’s for EPC Rounder 1. 1. If a competing bank(s) buys “exclusive” rights to market the EPC Rounder regionally or nationally or if EPC is sold, will our bank be able to continue offering the EPC Rounder? Yes. If EPC assigns its patent rights to another entity, existing bank licensees will be able to continue to offer the EPC Rounder. 2. 2. If EPC grants a competing bank(s) the “exclusive” rights to market the EPC Rounder regionally or nationally or if EPC is sold, will my monthly per account charge change? No. See 4.3.2 in the EPC License Agreement.
3.
3. Does the 7,571,849 Patent cover adding a $1 or more to
each account entry? 4. Do I have to offer customers a Matching Program? No. Offering customers a matching program is not a requirement. In fact, with over 12 million people now rounding, EPC feels that matching is not a necessity. Consumers have certainly accepted the idea. If your bank feels that they must do something, they could offer a better rate of interest, give a gift card or other prize for reaching a certain threshold, etc. 5. Can I request that Rounding Customers access their monthly statement online? Yes. EPC suggests that when your customers sign up for Rounding that you encourage them to access their monthly statement online. This amounts to a great savings to your bank in mailing and printing costs. 6. Can two or more debit cards be linked to the same checking account?
Yes. Your bank only pays a
royalty fee per checking account - not per debit card.
|