SAN MATEO, CA--(Marketwire - Sep 13, 2012) - The people have spoken and they love free no-strings-attached gifts from national retailers and financial institutions. FreeMonee Network, the world's first and only provider of consumer gift incentives, was named a winner of a People's Choice Stevie® Award for Favorite Financial Service in The 10th Annual American Business Awards today.
The American Business Awards are the nation's premier business awards program. All organizations operating in the U.S.A. are eligible to submit nominations -- public and private, for-profit and non-profit, large and small.
The People's Choice Stevie Awards for Favorite New Products are a feature of The American Business Awards in which the general public can vote for their favorite new products and services of the year. More than 98,000 votes were cast in 30 product categories in this year's vote. All new products and services honored in the ABA's new product categories were included in people's choice voting.
"We are so pleased to be the people's choice for this award -- it's great to see that our game-changing innovation topped the category which included leading financial technologies like Google Wallet and Square Card Reader," said Gadi Maier, CEO, president and co-founder of FreeMonee. "FreeMonee has created the first completely new direct marketing platform in decades. On the heels of our 2012 DMA Award win, FreeMonee Gifts continue to be recognized as the best way to efficiently deliver incremental, profitable new sales at the scale our national clients need."
More than 3,000 nominations from organizations of all sizes and in virtually every industry were submitted this year for consideration in a wide range of categories. FreeMonee is also nominated in the Financial Services category for Best New Product or Service. The winner is to be announced on September 17 in San Francisco.
FreeMonee is changing the economics of advertising with the world's first and only consumer gift incentive. It delivers customers on-demand: letting stores and restaurants offer FreeMonee Gifts to exactly who they want to attract, when they want them, at scale.
FreeMonee Gifts are cash incentives delivered to millions of people every week through the cards they already use to buy. FreeMonee's Gift Underwriting Engine uses enriched, anonymous data about how people spend to make sure gifts are relevant and valuable to the recipient, so merchants are guaranteed high return on their advertising spend.
"The People's Choice Stevie Awards for Favorite New Products have become one of the most popular features of The American Business Awards, because they complement the peer-review process of our awards competition with another means of validation for product concepts and performance," said Michael Gallagher, president and founder of the Stevie Awards.
Details about The American Business Awards and the lists of Stevie Award winners who were announced on September 17 will be available at www.stevieawards.com/aba.
FreeMonee is changing the economics of advertising by enabling stores and restaurants to attract Customers On-Demand using FreeMonee Gifts. With its unique new consumer incentive, FreeMonee delivers gifts of money directly to cardholders of the largest financial institutions. Customized to precisely match consumer interest, gifts allow consumers to purchase anything they want at designated stores or restaurants -- no strings attached. The gifts are made possible by FreeMonee's proprietary Gift Underwriting Engine, which accurately determines the right gift to ensure the highest level of consumer interest and the best return on ad spend for a merchant. Unlike traditional coupons or offers, FreeMonee Gifts feel like a gift card from a friend -- money to spend at places consumers like. For retail marketers, FreeMonee Gifts enable brands to attract large volumes of profitable, incremental customer visits -- without discounting. For banks and credit card companies, FreeMonee provides the opportunity to positively engage customers and strengthen loyalty.
Founded in 2009 and located in San Mateo, California, FreeMonee is led by former executives of Google, Visa, Oracle, Cisco, Procter & Gamble and Coca- Cola. To date, FreeMonee has raised $45 million in funding with investments from Charles E. Ryan, Opus Capital Ventures, Redpoint Ventures and Sutter Hill Ventures, among others. Through continued partnerships with the top U.S. financial institutions, the company expects 50 million households to have access to FreeMonee Gifts in 2012. For more information, please visit www.freemonee.com.
About the Stevie Awards
Stevie Awards are conferred in four programs: The American Business Awards, The International Business Awards, the Stevie Awards for Women in Business, and the Stevie Awards for Sales & Customer Service. Honoring organizations of all types and sizes and the people behind them, the Stevie's recognize outstanding performances in the workplace worldwide. Learn more about The Stevie Awards at www.stevieawards.com.