Telos Gifting and Payouts Network Patent Licensing
Pittsburgh, PA (PRUnderground) May 10th, 2022
Telos Gifting, owners of GiftYa, GiftCardGranny and PerfectGift.com, has announced the licensing of their card linked gifting IP to Payouts Network.
Telos Gifting has a robust patent portfolio centered around card linked gifting dating back to 2008. The owners of Telos owned GiftCards.com at the time and invented the next generation gift card that cannot be lost, stolen, or compromised. It is linked to a Visa or Mastercard already in your pocket.
Jason Wolfe, founder and CEO of Telos Gifting, comments, “We have sold billions of gift cards over the last 20 years and believe our next gen product is the evolution of the gift card which has not changed in 25 years. This next generation card linked gift is convenient, fraud free and customizable. We are open to licensing the technology and powering others with our platform to help evolve the gift card to become a better product.
The GiftYa idea came about in 2008, when two people wanted to send an egift to a friend across the country by text, linked to the recipients Visa or Mastercard. Since then, GiftYa and its parent company, Telos Gifting, has grown to over 70 employees and contractors with a mission to provide a more meaningful, purposeful, personalized gift that cannot be frauded and is easily used. In partnership with Visa and Mastercard, GiftYa now offers over 20,000 local and national merchants with over 200,000 locations to buy from across the USA.
Visit https://www.giftya.com for more information.
About Telos Gifting
Headquartered in Pittsburgh, Telos Gifting occupies the building at 495 Mansfield Ave in Greentree, Pennsylvania. Telos Gifting, LLC, owns and manages PerfectGift.com, GiftYa.com, and GiftCardGranny. Telos Gifting was formed in 2019 by Wolfe, LLC a fin-tech incubator, to re-enter the gift card market after selling GiftCards.com in 2016.