HispanicBusiness

BOSTON, MA -- (Marketwire) -- 03/18/13 -- PXT Payments, creator and provider of looped in™, the first full featured, geolocation-based mobile payment app and digital wallet provider, today announced a partnership with Fenway Sports Management (FSM), the global sponsorship sales arm of Fenway Sports Group. PXT Payments was founded in 2004 as a smart debit card payment system, and has been processing transactions daily since 2006.

"looped in™ mobile technology offers an innovative payment solution for both consumers and merchants," said Matt Murrey, Vice President of Boston College Marketing Partnerships at Fenway Sports Management. "They have essentially captured all the conveniences of cash on a mobile platform without any of the drawbacks."

As a result of the partnership, looped in™ will be promoted at Boston College's Conte Forum and Alumni Stadium as a sponsor of Boston College Athletics.

"We continually look for ways to expose our students and fans to new, innovative technologies," said Brad Bates, Boston College Athletic Director. "We look forward to working with looped in™ and welcome them as a new partner of Boston College Athletics."

looped in™ will give BC students and sports fans an opportunity to use the mobile app at Conte Forum and Alumni Stadium, including games, demonstrations from their mascot Lou, and prizes from the BC campus book store.

PIN protected, the looped in™ mobile payment app is safer than cash, debit, or credit cards, is completely free, offers instant and ongoing rewards, and makes paying as easy as texting.

Consumers can transact both online and offline with PIN security, redeem offers as part of a transaction, and send friends deals they're not using. Like an ATM on your phone, geolocation-based looped in™ ups the ante for all mobile payment systems and the user-merchant experience.

"The college and young professional markets are naturals for our mobile payment and rewards system," said John Regan, CEO of PXT Payments. "Through our partnership with Fenway Sports Management, we are working toward introducing looped in™ not only to Boston College students and fans but also to sports facilities and other merchant partners that can benefit from direct communication with consumers, a streamlined goods and services payment process, and the ability to accept pooled payments for group sales."

ABOUT looped in™ and PXT Payments:

Safer than cash, credit, or debit cards, looped in™ enables consumers to find and share deals, pay for purchases, send money instantly to friends, and pool money for group purchases on- and offline. Founded in 2004 as a smart debit card payment system, looped in™ creator and provider PXT Payments has been processing smart debit transactions daily since 2006. The company launched looped in using a secure cloud based operating platform hosted by Sungard Availability Services. To complete settlement among all parties involved, PXT uses the Federal ACH payment system. The looped in™ app is the evolution of PXT's payment system. Download looped in™ for iPhone® or Android™ from the App Store™ or Google Play. Visit areyoulooped.in and pxtpayments.com.