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Virtual Incentives’ Technology Distributes Prize Money to Visa Developer Challenge Winners of Money20/20 Hackathon

Las Vegas, NV – Virtual Incentives, an industry pioneer in digital reward fulfillment for leading global brands, instantly distributed $20,000 in prize money to the Visa Developer Challenge winners at the Money20/20 Hackathon in October. This is the second year in a row that Virtual Incentives was invited to participate in what is now one of the leading fintech hackathons in the world.
The Money20/20 Hackathon is a premier event for developers, designers and entrepreneurs from all over the world to showcase their skills and vision. Visa was a sponsor of the 24-hour hackathon, awarding a prize that included $20,000 to one winning team. Virtual Incentives worked with Marqeta, a payment innovation platform, and Visa to fulfill the need for digital rewards for the winners.
“This is a fast-paced event that is completely focused on innovation and creativity,” said Jonathan Price, CEO of Virtual Incentives. “Fulfilling prizes with a Visa cards was the perfect solution for the Hackathon, rewarding winners quickly and effortlessly, while fitting in with the progressive theme of the event.”
During the event, 95 teams competed to create experiences that could expand commerce in new ways. The Silver Logic, creators of Omnipark an augmented reality parking app, was the winning team of the Visa Challenge, who received a $20,000 prize, and additional prizes.
Judges for this year’s Hackathon included leaders at high tech financial companies from around the world. The Hackathon was held in Las Vegas the weekend leading up to the Money 20/20 show.
About Virtual Incentives
Virtual Incentives (VI) provides incentive solutions proven to increase engagement, strengthen brand awareness and maintain customer loyalty. The company’s proprietary digital platform provides a comprehensive reward experience for both the client and the end-user, providing an integrated API, simple ordering and instant delivery, state-of-the-art security, advanced personalization and an innovative user interface. Founded in 2008, VI partners with industry leading businesses, including more than 40 Fortune 100 companies. VI is the leading provider of Visa rewards and Visa® virtual accounts and offers Virtual MasterCard® accounts as well as eGiftCards from more than 600 merchants around the world. @VirtualRewards
The Virtual Incentives Card is issued by Sutton Bank, member FDIC, pursuant to license by Visa U.S.A. Inc.