Ackroo launches AckrooPAY

OTTAWA, Aug. 12, 2019 (GLOBE NEWSWIRE) -- Ackroo Inc. AKRAKRFF ("Ackroo" or the "Company"), a loyalty marketing and gift card technology and services provider, is pleased to announce that they have launched AckrooPAY, Ackroo's payment services product. As a soon to be registered ISO, Ackroo now offers in-store and online credit and debit transaction processing for their growing client list. Ackroo clients will now have a single point of contact to help them manage all of their primary merchant currencies like payment, gift card and loyalty and in turn will gain even more insight into the various spending patterns of their customers in order to better leverage the Ackroo platform for growth. For Ackroo, this means further differentiation in the marketplace and an additional revenue stream that the Company expects will have a significant impact on their organic growth in the years ahead. 

"The addition of payments services is the next big strategic step in the evolution of Ackroo's multi-currency marketing platform," commented Steve Levely, Chief Executive Officer of Ackroo. "We have spent the last few years organically and inorganically improving the marketing aspect of our products and services to address the growing demand from our customers. Although we are committed to continuing to improve in this area it has become clear that we also needed to further advance the payments aspect of our solution as well by adding payment processing as a complement to our physical and digital gift card offering. As our industry continues to consolidate, offering an omni-channel solution for marketing and payment really is the path to growth that we believe will help us further differentiate in the marketplace and position us for scale. It's an exciting advancement for our customers, our Company and our shareholders."

About Ackroo
Ackroo provides merchants of all sizes a robust, cloud based multi-currency marketing platform to help attract, engage and grow their customers while increasing their revenues and margins. Through a SaaS based business model, Ackroo provides an in-store and online automated solution to help merchants process loyalty, gift card and promotional transactions at the point of sale, provide key administrative and marketing data, and to allow customers to access and manage their loyalty and gift card accounts. Ackroo also provides important marketing and payment services to assist their merchants with utilizing Ackroo's technology solution and to provide a single point of contact for all of their primary merchant currencies. Ackroo is headquartered in Ottawa, Canada. For more information, visit: www.ackroo.com.

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Forward Looking Statements
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