Walgreens Announces Further Expansion of its Financial Services Business Strategy with InComm Payments

Marie C. Delgado

30 March 2021

Walgreens to provide new lender account with Mastercard debit card leveraging InComm Payments’ platform

InComm Payments to boost Walgreens-branded reward card application

DEERFIELD, Sick. & ATLANTA, March 30, 2021 – Walgreens these days introduced an agreement with InComm Payments, a leading world wide payments know-how organization, to provide convenient and available money products and services alternatives for its buyers. With each other, the firms will launch a new lender account providing for its shoppers to be recognized at MetaBank* with a Mastercard debit card that will serve Walgreens buyers each in-retailer and online and allow for them to receive myWalgreens Funds benefits on all buys as component of the new myWalgreens purchaser loyalty application launched in November 2020.

This agreement is aspect of Walgreens’ choice income tactic and not too long ago announced broader initiative to start new economical goods and companies that enhance its ongoing dedication to giving differentiated solutions and gains to its shoppers. The new banking alternative will enhance Walgreens’ options to continue its health and fitness and perfectly-becoming concentrate and improve its loyalty system and purchaser personalization. The alternative leverages InComm Payments’ modern day electronic banking-as-a-provider platform. Walgreens shoppers will be in a position to find the item in-store or sign up specifically online and then quickly handle their every day funds in a new straightforward-to-use mobile banking app. The bank account is expected to be obtainable at practically 9,000 Walgreens merchants and on the web in the second 50 percent of 2021.

“Walgreens is committed to helping consumers with their health and fitness and perfectly-getting requires, and we’re pleased to grow our money services choices to even further enrich the ordeals and means we meet customers’ financial demands,” stated John Standley, president, Walgreens. “We seem ahead to discovering and introducing even more shopper-focused health and perfectly-remaining payment initiatives in the in the vicinity of potential, though building new income streams.”

“We’re honored that Walgreens has selected InComm Payments’ money providers alternatives to offer further gains to its shoppers and communities,” stated Stefan Happ, President of InComm Payments. “This new products supplying will set up Walgreens as a destination for economic expert services, making on Walgreens’ legacy as a a single-stop store for pharmacy and comfort.”

In addition, Walgreens and InComm Payments prepare to relaunch the Walgreens-branded reward card plan. InComm Payments will oversee management of Walgreens’ current physical present card program, launch Walgreens’ digital reward cards, and allow electronic purchase and redemption on walgreens.com. InComm Payments will also aid broader distribution of the Walgreens present card across B2B, loyalty, rewards and e-commerce channels. The growth more strengthens InComm Payments’ and Walgreens’ 12-12 months partnership when enhancing the Walgreens brand and purchaser knowledge in-retail store, on-line, and by way of mobile.

*Financial institution accounts will be demand from customers deposit accounts recognized at, with debit cards issued by, MetaBank®, N.A., Member FDIC, pursuant to license by Mastercard Global Included.

About Walgreens

Walgreens (www.walgreens.com) is incorporated in the Retail Pharmacy United states of america Division of Walgreens Boots Alliance, Inc. (Nasdaq: WBA), a international chief in retail and wholesale pharmacy. As America’s most beloved pharmacy, health and fitness and natural beauty corporation, Walgreens goal is to winner the health and wellbeing of every neighborhood in The us. Running a lot more than 9,000 retail destinations throughout The us, Puerto Rico and the U.S. Virgin Islands, Walgreens is happy to be a neighborhood health spot serving about 8 million consumers each day. Walgreens pharmacists perform a critical job in the U.S. health care process by giving a huge assortment of pharmacy and healthcare companies. To finest fulfill the demands of clients and people, Walgreens gives a genuine omnichannel encounter, with platforms bringing together actual physical and electronic, supported by the most recent know-how to produce superior-high quality products and solutions in community communities nationwide.

About InComm Payments

InComm Payments is a global leader in innovative payments technological innovation. Leveraging dynamic technology and established know-how, InComm Payments provides enhanced conclude-to-stop payment platforms and emerging economic engineering methods that help companies expand across a extensive selection of industries such as retail, health care, tolling & transit, incentives, cellular payments and fiscal companies. By enabling omnichannel connections to an ever-growing consumer base in an ever more digital ecosystem, InComm Payments generates seamless and useful commerce experiences throughout the world. With much more than 27 several years of encounter, above 500,000 factors of distribution, 386 worldwide patents and a existence in more than 30 international locations, InComm Payments qualified prospects the payments market from its headquarters in Atlanta, Ga. Find out additional at www.InCommPayments.com.

About MetaBank®, N.A.

MetaBank®, N.A., a national lender, is a subsidiary of Meta Economical Team, Inc.® (Nasdaq: Hard cash), a South Dakota-based mostly monetary keeping enterprise. MetaBank, is a money enablement corporation that is effective to enhance fiscal availability, decision, and opportunity for all. MetaBank strives to remove barriers that regular establishments put in the way of money entry, and encourage financial mobility by offering responsible, secure, superior good quality fiscal items that lead to folks and communities at the core of the actual financial state. Added data can be uncovered by visiting www.metapay.com or www.metafinancialgroup.com.

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