Chockstone, Inc. and Open Doors Organization Partner to Launch Gift and Loyalty Card Program Benefiting the Disability Community.Business Editors PORTLAND, Ore.--(BUSINESS WIRE)--May 21, 2004 Chockstone, Inc., a leading stored value, payment and 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. company for multi-unit, high-traffic retailers, today announced a partnership with Open Doors Organization, a not-for-profit corporation A not-for-profit corporation is a corporation created by statute, government or judicial authority that is not intended to provide a profit to the owners or members. A corporation that is organized to provide profits to its owners or members is a for-profit corporation. , to support the disability community through a unique gift and loyalty card program targeted at the restaurant industry. Open Doors Organization offers programs and services to educate both private and public sectors on how to succeed in the disability market. Leveraging Chockstone's industry leading gift and loyalty card processing services, the two organizations will introduce a joint stored value card program that will help generate incremental Additional or increased growth, bulk, quantity, number, or value; enlarged. Incremental cost is additional or increased cost of an item or service apart from its actual cost. profits for restaurants while simultaneously empowering the disability community. "According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. new statistics released by Harris Interactive Harris Interactive (NASDAQ: HPOL) is an American market research company that specializes in public opinion research using both telephone and surveys on online panels. The company is the product of a 1996 merger between the Gordon S. Black Company and Louis Harris & Associates. in conjunction with Open Doors Organization, people with disabilities spent nearly $35 billion in 2003 dining away from home -- with more than 75 percent of people with disabilities dining out at least once a week," said Drew Klonsky, vice president of sales and marketing, Chockstone, Inc. "We're thrilled to partner with Open Doors Organization to strengthen the ability of leading restaurants to 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>. the spending power The power of legislatures to tax and spend. Spending power is conferred to state and federal legislatures through their constitution. Judicial Review of legislative spending varies from state to state, but the law of federal spending informs courts in all states. of the disability market." The joint program will provide restaurants with the ability to donate a percentage of the total gift card dollars spent, as well as a percentage of Chockstone's gift and loyalty card transaction service fees to Open Doors Organization. Gift cardholders can also donate money to Open Doors Organization when reloading Reloading A term lenders commonly use to refer to the habits of borrowers taking out loans to repay the balance on other loans. Often reloading is done to take advantage of lower interest rates offered by other loans, and potential tax benefits. or buying a gift card at the point-of-sale or at the restaurant's gift card website. "There are currently 30 million people over the age of eighteen with disabilities living in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Our mission is to continue educating and promoting ways for businesses to be accessible to people with disabilities," said Eric Lipp, executive director of Open Doors Organization. "The launch of this new gift and loyalty card program is a great opportunity to facilitate change for the better in ways businesses cater to the disability market." Chockstone currently processes millions of quick service restaurant (QSR QSR Quick Service Restaurant QSR QoS (Quality of Service) Satisfaction Rate QSR Quality System Regulations QSR Quality Status Report QSR Quality System Review QSR Quarterly Status Report QSR Quality System Requirement ) stored value cards via Chockstone's integrated platform, ChockPoint(R). ChockPoint(R) enables retailers to combine payment, loyalty and promotional programs through a single consumer card. With one retail-branded card, consumers draw down gift card dollars, earn loyalty points, and redeem these points in real time. Additionally, QSRs instantaneously deliver promotions based on historical transaction behavior at the POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale . About Chockstone, Inc. Chockstone is the Technology Behind Stored Value(TM). As a leading stored value, payments and transaction company focused on high frequency, multi-unit retailers, Chockstone is driven on the growing needs of retailers seeking ways to differentiate their product without sacrificing flexibility and integrity. By offering the most innovative Gift Card platform available, Chockstone's clients have come to know their customers and in return are transforming a simple payment tender into a profit building enterprise. Chockstone's 'One Card' Gift/Loyalty/Promotions card for QSR's and retailers enables real-time POS loyalty and promotional marketing programs that drive incremental store visits and increased ticket size while building consumer affinity and brand awareness. Chockstone's core transaction platform ChockPoint(R) provides retailers with the most powerful reporting architecture available today to the stored value marketplace creating unparalleled card-based business intelligence. For more information, go to www.chockstone.com. About Open Doors Organization The Open Doors Organization is a not-for-profit corporation founded for the purpose of teaching businesses how to succeed in the disability market and to provide direct support to people with disabilities. The organization creates comprehensive programs and services that offer training, consultation and market statistics to both the public and private sectors. For more information, go to www.opendoorsnfp.org, email info@opendoorsnfp.org. |
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