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Boston Community Change Card Provides Local Rewards for Consumers and Nonprofits.


SANTA ROSA Santa Rosa, city, Argentina
Santa Rosa, city (1991 pop. 80,629), capital of La Pampa prov., central Argentina. It is a modern city and road junction surrounded by a rich agricultural and cattle-raising area.
, Calif. -- Boston Main Streets, a public-private initiative established by the City of Boston, announced today a new social commerce initiative designed to reward customers and the community when consumers shop at participating local Boston merchants. The card-based loyalty program is free to consumers and available and affordable for all merchants, large or small, using unique transaction technology from Nietech Corporation, a leader in technology for social commerce initiatives and loyalty programs.

Called "Boston Community Change," the program rewards customers for shopping locally by returning a portion of each transaction, paid by participating merchants, to the customer's designated school or nonprofit organizations Nonprofit Organization

An association that is given tax-free status. Donations to a non-profit organization are often tax deductible as well.

Notes:
Examples of non-profit organizations are charities, hospitals and schools.
, as well as a cash rebate rebate, partial refund of the total price paid for goods or services. In the United States, rebates were historically given by railroads to favored shippers as a return on transportation charges.  to the consumer. Merchants decide how much of a rebate to provide, which is typically 4 to 6% of the total sale.

"This is another innovative idea to help strengthen our neighborhood business districts," Boston Mayor Thomas (language) Thomas - A language compatible with the language Dylan(TM). Thomas is NOT Dylan(TM).

The first public release of a translator to Scheme by Matt Birkholz, Jim Miller, and Ron Weiss, written at Digital Equipment Corporation's Cambridge Research Laboratory runs
 M. Menino said. "I encourage our Main Street businesses to participate in the program, and I urge Boston residents to sign up for their card today."

Consumers can sign up for the program online at www.bostoncommunitychange.org and receive their free card in the mail. The card is swiped at the time of sale and cash is then electronically directed to designated schools or nonprofits. Participating retailers, consumers, and benefiting organizations can all track donations at the Boston Community Change website.

Administrative costs administrative costs,
n.pl the overhead expenses incurred in the operation of a dental benefits program, excluding costs of dental services provided.
 are kept low with Nietech's transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time.

Transaction processing systems are the backbone of an organization because they update constantly.
 and settlement platform, which is being used in other parts of the country and in Canada in private-label loyalty programs linking groups of online or brick-and-mortar merchants with groups of consumers.

The Boston Community Change Card program is a partnership between Boston Main Streets and the Interra Project. "We are living through a shift from the economics of scale to the economics of sociability," said Jon Ramer, executive director of the Seattle-based not-for-profit organization. "Communities are organizing to bring about just and lasting change by shifting dollars. The Interra Project is building a network of communities that acts locally, connects regionally, and shares globally. We are proud to be launching this program in Boston and excited to be working with Nietech."

"Community and city-based loyalty programs return money from retail commerce to each community and sustain local economies," said Christine Koncal, chief marketing officer of Nietech Corporation. "Our loyalty platform and unique swipe technology work with any POS (1) See point of sale and packet over SONET.

(2) "Parent over shoulder." See digispeak.

POS - point of sale
 terminal in the market today, enabling programs to quickly launch and scale and providing merchants of all sizes with tools to measure ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). . Since purchases made with any form of payment, including cash, earn rewards, any consumer can participate."

About Boston Main Streets

Boston Main Streets, a public-private initiative established by the City of Boston in 1995, has been the driving force behind the revitalization re·vi·tal·ize  
tr.v. re·vi·tal·ized, re·vi·tal·iz·ing, re·vi·tal·iz·es
To impart new life or vigor to: plans to revitalize inner-city neighborhoods; tried to revitalize a flagging economy.
 of the City's neighborhood commercial districts. Local Boston Main Streets organizations follow a comprehensive approach to providing merchants and community residents with the tools and information necessary for their commercial center to compete in today's marketplace. The program's areas of work - organization, promotion, physical improvement, and economic restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics).  - help Main Streets districts capitalize on Cap´i`tal`ize on`   

v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>.
 their unique historical, cultural, and architectural assets, while addressing the economic development needs around business retention, growth, and recruitment.

About Nietech Corporation

Nietech Corporation is a payment technology company that provides hosted loyalty, payment and data services. Its unique and patent-pending transaction tracking and loyalty card enables open system data collection and rewards from all cash, check and payment card transactions made at any merchant using any POS terminal, without modification. Nietech powers private label brick-and-mortar and online geographic, caused-based, social commerce or loyalty programs without paper coupons or flash cards. By encouraging consumers to buy from local retailers, social commerce returns money to local economies and causes and supports the growth of high value local jobs. Built on its successful COMMUNITYsmart[R] program, Nietech enables retailers and consumers to foster sustainable, stable economies, make a profit and make a difference. For more information, go to www.nietech.com.

About The Interra Project

Interra OS is an open platform of user and member-centric social commerce services that connects social networks with financial networks. "Restorative re·stor·a·tive
adj.
1. Of or relating to restoration.

2. Tending or having the power to restore.

n.
A medicine or other agent that helps to restore health, strength, or consciousness.
 commerce" re-circulates proceeds from purchases within a community to benefit all of its stakeholders Stakeholders

All parties that have an interest, financial or otherwise, in a firm-stockholders, creditors, bondholders, employees, customers, management, the community, and the government.
: citizens, nonprofits, businesses, and natural ecosystems.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Nov 21, 2006
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