Welcome!

News Feed Item

MAGIC By Magic Johnson™ Prepaid Mastercard® Adds Two New Ways To Save Money: MAGIC Mojo Savings Goals And Free ATM Transactions At More Than 23,000 ATMs

LOS ANGELES, Dec. 18, 2012 /PRNewswire/ -- The MAGIC by Magic Johnson Prepaid MasterCard today announces the launch of MAGIC Mojo Savings Goals and that it has joined the MoneyPass surcharge-free ATM network.  MAGIC Mojo makes saving money fast, free and fun.  Cardholders set a savings goal, and then save money towards that goal by sending text messages whenever they want to make a save.  The MoneyPass surcharge-free ATM network gives cardholders access to free ATM usage at over 23,000 ATMs nationwide. 

(Photo: http://photos.prnewswire.com/prnh/20121218/NY31445-a )

(Logo: http://photos.prnewswire.com/prnh/20121218/NY31445LOGO-b )

"We are working hard to provide our cardholders with more tools and product features to save money and help better manage their finances," says Earvin "Magic" Johnson, Chairman and CEO of Magic Johnson Enterprises. "One of the features we are most excited about is MAGIC Mojo Savings Goals. We partnered with Piggymojo.com to encourage our cardholders to change the way they think about saving money, and to start saving in a fun way by picking up their phone instead of pulling cash out of their wallet, and by doing that, they will see how quickly their savings adds up."

Going From Impulse Buys to Impulse Saves

For many people, and particularly those on a tight budget, the only way to save more is to spend less.  MAGIC Mojo inspires users to do just that by making impulse saves rather than impulse purchases.  Now whenever cardholders make a smart move like eating at home instead of dining out or buying something on sale, they can save the money by simply sending a text message and the money will be transferred toward their savings goal.

First, they enroll in MAGIC Mojo at OnlyMagicCard.com and set a goal -- such as enrolling in classes, taking a vacation, paying off debt or setting aside for an emergency fund. They also set up the total goal amount and time to reach their goal.  MAGIC Mojo then breaks that goal into smaller, more achievable weekly savings targets and sends weekly text reminders and encouragement to help cardholders stay on track. 

Every time cardholders save money by not making a purchase or spending less on a purchase by shopping smart, they simply send a text message that starts with the word "Magic" followed by the dollar amount saved and a brief description. For example, "Magic 7 didn't eat lunch out." The money is transferred from the spending side of their MAGIC prepaid card to the savings side and the user is now $7 closer to reaching their savings goal.

Adds Johnson, "With MAGIC Mojo, cardholders will save more than they thought they could, improve their spending and savings habits, and reach their goals faster." 

MAGIC Mojo is powered by Piggymojo.com. 

More Access, Less Fees

To help cardholders save even more money, MAGIC cardholders can now make surcharge-free transactions at any MoneyPass Network ATMs nationwide. Cardholders can easily find the nearest MoneyPass location to where they live, work and travel on the MAGIC card Facebook app or by going to the MoneyPass ATM Locator App.

MAGIC cardholders now have a chance to add to their savings by entering to win a $5,000 cash grand prize from the "MoneyPass Watch to Win" Sweepstakes. Entering the Sweepstakes is easy. Those who go to the MoneyPass Facebook page, "Like" it, and watch a one-minute video by December 31, 2012 are entered. No purchase necessary to enter or to win.

The MAGIC card offers an alternative payment solution that is safer and more convenient than cash as well as provides money management tools that empower customers to take steps toward greater financial security. It can be used to withdraw cash at ATMs or used for purchases at millions of merchants worldwide anywhere MasterCard is accepted. All funds are FDIC-insured.

To learn more about the MAGIC prepaid card, visit OnlyMagicCard.com

ABOUT MAGIC JOHNSON ENTERPRISES
Magic Johnson Enterprises acts as a catalyst for driving unparalleled business results for its partners and fosters community/economic empowerment by making available high-quality entertainment, products and services that answer the demands of ethnically diverse urban communities. For more information, visit http://magicjohnson.com/enterprises/index.php

ABOUT ONEWEST BANK, FSB
OneWest Bank is a Southern California-headquartered bank and is focused on delivering personalized, relationship-based banking to its customers.  The bank has 74 retail branches conveniently located throughout Southern California to serve consumers and businesses, small and large. With total assets of $26 billion and $15 billion in deposits, OneWest has the size and the strength to offer a wide array of banking products and services, locally and nationally, and the stability to protect its depositors.

ABOUT PIGGYMOJO (Powering MAGIC MOJO)
Piggymojo has redesigned the experience of saving money so that it feels good.  The company's method of impulse saving, combining goal visualization, social dynamics and mobile technologies, won patent #8,090,656.  For its leadership in Financial Capability, Piggymojo received an investment of $300,000 from the Center for Financial Services Innovation.  Piggymojo has been featured in American Banker, Parenting Magazine, Fox Business, CBS Moneywatch and Yahoo Finance. 

ABOUT MONEYPASS
MoneyPass is a network of Elan Financial Services, one of the nation's leading providers of comprehensive ATM and debit card processing solutions for financial institutions, Independent Sales Organizations (ISOs), and retailers. MoneyPass provides surcharge-free access at more than 23,000 ATMs across the United States, allowing cardholders to access their money where they live, work and travel. With more than 1,500 participating organizations and 60 million active cards, MoneyPass is a rapidly growing surcharge-free network whose emphasis is on cost-efficient membership options, flexible terms and accessible locations. MoneyPass cardholders can easily locate MoneyPass ATMs by visiting the online ATM locator at www.moneypass.com. For more information, call 1-800-343-7064 or visit www.moneypass.com.

SOURCE Magic Johnson Enterprises

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
In his general session at 18th Cloud Expo, Lee Atchison, Principal Cloud Architect and Advocate at New Relic, discussed cloud as a ‘better data center’ and how it adds new capacity (faster) and improves application availability (redundancy). The cloud is a ‘Dynamic Tool for Dynamic Apps’ and resource allocation is an integral part of your application architecture, so use only the resources you need and allocate /de-allocate resources on the fly.
Is your aging software platform suffering from technical debt while the market changes and demands new solutions at a faster clip? It’s a bold move, but you might consider walking away from your core platform and starting fresh. ReadyTalk did exactly that. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, will discuss why and how ReadyTalk diverted from healthy revenue and over a decade of audio conferencing product development to start an innovati...
Complete Internet of Things (IoT) embedded device security is not just about the device but involves the entire product’s identity, data and control integrity, and services traversing the cloud. A device can no longer be looked at as an island; it is a part of a system. In fact, given the cross-domain interactions enabled by IoT it could be a part of many systems. Also, depending on where the device is deployed, for example, in the office building versus a factory floor or oil field, security ha...
“We're a global managed hosting provider. Our core customer set is a U.S.-based customer that is looking to go global,” explained Adam Rogers, Managing Director at ANEXIA, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management solutions, helping companies worldwide activate their data to drive more value and business insight and to transform moder...
The vision of a connected smart home is becoming reality with the application of integrated wireless technologies in devices and appliances. The use of standardized and TCP/IP networked wireless technologies in line-powered and battery operated sensors and controls has led to the adoption of radios in the 2.4GHz band, including Wi-Fi, BT/BLE and 802.15.4 applied ZigBee and Thread. This is driving the need for robust wireless coexistence for multiple radios to ensure throughput performance and th...
SYS-CON Events announced today that Secure Channels will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. The bedrock of Secure Channels Technology is a uniquely modified and enhanced process based on superencipherment. Superencipherment is the process of encrypting an already encrypted message one or more times, either using the same or a different algorithm.
I’m going to cry tonight, long and hard. I’ll do so as I remember and mourn Jeremy Geelan. I knew Jeremy for almost 20 years, from the time he showed up one day at Cloud Expo’s headquarters in Bergen County, New Jersey, and went to work. The show wasn’t called Cloud Expo then, of course – it was still known as Java Edge, a pioneering event that grabbed developers, architects, and enterprise IT users alike for twice-yearly confabs. Jeremy didn’t have a job there, or even a job offer. He was s...
Let’s face it, embracing new storage technologies, capabilities and upgrading to new hardware often adds complexity and increases costs. In his session at 18th Cloud Expo, Seth Oxenhorn, Vice President of Business Development & Alliances at FalconStor, discussed how a truly heterogeneous software-defined storage approach can add value to legacy platforms and heterogeneous environments. The result reduces complexity, significantly lowers cost, and provides IT organizations with improved efficienc...
Fifty billion connected devices and still no winning protocols standards. HTTP, WebSockets, MQTT, and CoAP seem to be leading in the IoT protocol race at the moment but many more protocols are getting introduced on a regular basis. Each protocol has its pros and cons depending on the nature of the communications. Does there really need to be only one protocol to rule them all? Of course not. In his session at @ThingsExpo, Chris Matthieu, co-founder and CTO of Octoblu, walk you through how Oct...
SYS-CON Events announced today that CDS Global Cloud, an Infrastructure as a Service provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. CDS Global Cloud is an IaaS (Infrastructure as a Service) provider specializing in solutions for e-commerce, internet gaming, online education and other internet applications. With a growing number of data centers and network points around the world, ...
DevOps at Cloud Expo – being held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Am...
SYS-CON Events announced today that LeaseWeb USA, a cloud Infrastructure-as-a-Service (IaaS) provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. LeaseWeb is one of the world's largest hosting brands. The company helps customers define, develop and deploy IT infrastructure tailored to their exact business needs, by combining various kinds cloud solutions.
"We have several customers now running private clouds. They're not as large as they should be but it's getting there. The adoption challenge has been pretty simple. Look at the world today of virtualization vs cloud," stated Nara Rajagopalan, CEO of Accelerite, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.