PROVO, Utah, October 4, 2023—TranzactCard introduced its innovative eZ-Power Earn & Save Card during a recently-held Corporate Update Call. The event highlighted the company’s forward-thinking approach and its continuous effort to provide enhanced services to its members.
The digital card, unique from the physical TranzactCard, is designed to provide members with immediate and convenient shopping access to 330 top national brands, just in time for the holiday season. The timely introduction before the holiday season ensures that members can make the most of their shopping experiences.
Integrated within the TranzactCard app, the eZ-Power Card opens the door for members to shop a wide selection of top national brands including Cabela’s, Disney, Best Budy, Macy’s, Home Depot, and more.
“Launching the eZ-Power Earn & Save Card marks a pivotal moment for TranzactCard as we continue to innovate in response to our members’ needs,” said Co-Founder Peter Rancie. “We’re excited to offer another tool that not only opens a vast online marketplace within our app, but also opens up a world of opportunities and convenience for our members.”
A Modern Fintech Platform
The eZ-Power Card (digital) complements the TranzactCard (physical), creating a multi-card, multi-forum banking ecosystem. This integration of both digital and physical platforms showcases TranzactCard’s commitment to versatility and innovation in the banking realm. It adds a powerful vector of financial momentum by providing another way to reap the benefits of the Power Save and Power Spend programs — that’s why it’s called the eZ-Power Card! The name not only signifies its ease of use but also emphasizes the enhanced capabilities it brings to the members’ financial toolkit.
With TranzactCard as an emerging pioneer in the Fintech space, the launch of the eZ-Power Card underscores the company’s commitment to providing cutting-edge tools that empower financial well-being. The move further cements TranzactCard’s position at the forefront of financial technology innovations. By continuously expanding its portfolio of services, the company aims to address the diverse needs of its users and set new standards in the industry.
“This isn’t just about introducing a new card,” said Co-Founder Peter Rancie. “It’s about fortifying TranzactCard’s position as a modern Fintech platform.”
Power Save is currently being built and tested, marking another step in the company’s commitment to providing innovative financial solutions for its members. When a member’s Power Save account is live, the rebate portion from the merchant will feed directly into the Power Save program with a portion of every transaction funding their Power Save account. This feature will also be available with each member’s TranzactCard as they make purchases outside of Z-Club with merchants that provide rebates that the company can directly link to each member’s Power Save account. This functionality not only offers members more opportunities to save but also strengthens the bond between TranzactCard and its user base, emphasizing the company’s customer-centric approach.
With the eZ-Power Card rolling out during TranzactCard’s transition to a new banking platform, it presents an excellent opportunity for members to continue with their Power Spend to earn Z-Bucks inside in the app. This strategic rollout timing emphasized the company’s dedication to ensuring that members have continuous avenues to benefit, even amidst platform migration.
All eZ-Power Card purchases will continue to reward members with Z-Bucks. In other words, it’s a digital way to earn Z-Bucks all from the convenience of the app. The integration of this reward system into the digital platform showcases the company’s commitment to blending convenience with rewards.
Additionally, with the introduction of the eZ-Power Card, DBOs can still earn commissions, introduce potential TCMs and DBOs, and expand their digital branches as TranzactCard transitions to our enhanced banking platform. This ensures that while the company innovates, it also maintains avenues for DBOs to continue to thrive and grow.
In Time for the Holidays
With the holiday season fast approaching, the eZ-Power Card is a fantastic opportunity for members to experience the benefits of Power Spend as they shop for loved ones at over 330 top national brands.
TranzactCard, LLC is a financial technology ecosystem with banking and card services. Z-Club is TranzactCard’s proprietary and private e-commerce platform available exclusively to TranzactCard members. Z-Bucks are used to buy down the retail price of products and services in Z-Club, as they are made available. TranzactCard is in prelaunch, with official launch schedule for November 2023.
Founded by Peter Rancie and Richard Smith and headquartered in Provo, Utah, TranzactCard was created to provide financial momentum for its members through a series of fintech solutions including an innovative rewards system, a Power Save Account program, a digital card (called the eZ-Power Card), and a physical bank card called the TranzactCard.
In addition to its fintech features and services, TranzactCard also offers its members an income opportunity through the Digital Branch Owner (DBO) program. By becoming a DBO, members can generate income from every purchase made by individuals registered under their TranzactCard Digital Branch.
TranzactCard represents a groundbreaking approach to financial services in the rapidly-developing fintech economic landscape. By synergizing traditional banking with innovative rewards, savings mechanisms, and community-driven income opportunities, it offers a multifaceted platform that speaks to the financial needs of a wide spectrum of individuals.
For more information about TranzactCard, please visit www.tranzactcard.com
About Co-Founder Peter Rancie
Australian-born Peter Rancie co-founded TranzactCard in 2021 in Provo, Utah. Peter’s career took him from teaching in Victoria, Australia, to the boardrooms of top-tier financial institutions. Peter and his brother, Ken, ventured into advertising, revolutionizing OST Friendly Society into a $1 Billion enterprise, handling projects for some of Australia’s largest financial players.
Their innovative concepts led them to the US to introduce a unique bank card concept. Peter collaborated with Terry K. McEwen, gaining insights into the American banking world. Peter’s experience led him to the United States Bankers Association (USBA), reshaping their mission for small-to-medium banks.
In 2021, he launched TranzactCard with Richard Smith, aiming to revolutionize banking with innovative rewards and social impact. TranzactCard, in its early stages, has over 20,000 bank account customers, focusing on social impact and is scheduled for official launch in November 2023.
About Co-Founder Richard Smith
Richard Smith is a co-founder of TranzactCard, headquartered in Provo, Utah. A visionary entrepreneur, his journey began at Utah Valley University, innovating in the early stages of e-commerce. Richard established an online retail clothing business that flourished into a multimillion-dollar enterprise during the internet’s pioneering days.
Smith’s expertise in e-commerce and wholesale laid the foundation for TranzactCard, a groundbreaking purchasing platform in the fintech space. TranzactCard has attracted tens-of-thousands of members within months of its soft launch, with thousands more joining each month.
Smith’s vision for TranzactCard is tied to a customer-centric approach and a commitment to family values. He aims to increase the buying power of Americans, including the underbanked and non-banked, through TranzactCard’s innovations.