Wednesday, November 24, 2010

Envaulted Raised Additional Seed Financing

We are excited to announce that we raised an additional $500,000 in seed financing, bringing our total to $1 Million! We are passionate about Envaulted and want to continue to deliver a great service to our members. This additional financing will allow us to refine the service and provide members with a more rewarding experience. See the expanded press release here.

Monday, November 1, 2010

Great Deals, Just for Envaulted Members

Envaulted membership has grown steadily over the past two months. We are continuing to provide our members with 1% cash back on everything they purchase using Envaulted registered credit cards, and even more cash back for taking advantage of the great offers we provide. Our members have now earned over $3,000 in cash back rewards since our launch in August!

Being an Envaulted member doesn’t just mean you earn 1% cash back, but that you will also have access to great deals providing well over 1% cash back. And for the first time, we’re giving members a great deal that you cannot find anywhere. How about 50% off iTunes purchases through Sunday, Nov. 7, on purchases up to $50! Now that’s a deal.

This is what Envaulted is about, providing you access to easy cash back and great deals at the places you already shop.

Monday, October 4, 2010

Get More from Your Envaulted Account

We’ve been live for a month now, and Envaulted’s member base has grown significantly! Thanks to all of our members, and congratulations on your cash rewards. We hope you’re enjoying the service and the extra money in your pockets!

We’re extending significantly more beta invites this week. If you haven’t registered, or if you have friends or family you think may be interested in Envaulted, now is the time. As we acquire more corporate sponsors, we will add more beta invites.

As our members already know, there are two ways to make money with Envaulted. First, you get 1% cash back on every purchase on your credit card that is registered with us. This is in addition to any rewards you already get with your credit card. The second way, and by far the most lucrative, is to take advantage of our sponsored deals every week. This week, for example, our members get 5% cash back at HEB, 5% cash back at Chevron, 3% cash back at Costco, 5% cash back at Whole Foods, and 10% cash back at CVS. Every week these deals change, and some of you may get additional deals tailored just for you.

That’s it! Remember, you don’t have to do anything special at the store or on the web. Simply use your card(s) registered with Envaulted, we’ll see the purchase, and we’ll credit your account. It works for both online and in-store purchases.

To all of our members with large cash reward balances in their accounts, we encourage you to request your check! You’ll receive your check in as little as four business days. If you prefer to receive funds via PayPal, or if you’d like to send your rewards directly to a charity, please be patient. That functionality will be available soon!

Again, thank you for allowing Envaulted to be an agent for your information! We’re working hard to get our members the best deals we can find, and pay them as much as possible for their information and attention. Please watch out for our weekly emails—this is where you’ll find the lucrative deals that are the foundation of Envaulted!

Tuesday, September 14, 2010

Envaulted Beta Program - Supported Credit Cards

We’re almost three weeks in, and our members have earned almost $1,000 in cash back! The feedback we are receiving is great, and we thank everyone for participating in our beta program.

There has been some frustration among people trying to add certain credit cards that our systems don’t support. During the beta, we only have a limited number of credit cards that our systems support. Envaulted members are earning cash back rewards on popular credit cards like Amex, Chase, and Citibank. Other popular cards like Capital One and, more recently, Discover Card are not fully supported.

Please be patient! We are working hard to add additional accepted credit cards to Envaulted, and make the credit card registration process as seamless as possible. We will let you know when new cards are supported by Envaulted.

Thanks to all who have signed up and registered their cards. If you’re happy with the service, please be sure to refer us to your friends, co-workers, and family. Remember, the more members Envaulted has, the more companies will be attracted to the program, and the better cash back offers you can expect to receive every week!

Saturday, August 28, 2010

Setting Up Your Envaulted Account and Registering Credit Cards

Setting up an Envaulted account and earning cashback rewards is easy. As long as beta invites are still available, you can sign up for an Envaulted account by simply clicking on the register link at the top of the Envaulted home page and following these steps:
Step 1 Provide some basic information about yourself(email address, name, mailing address), and create a password for your Envaulted account.
Step 2 (optional): Register one of your credit cards with your Envaulted account.

What Information to Provide in the Credit Card Registration Process:
When registering your credit card(s), you must provide Envaulted the user id and password that you use to log into the bank website for your credit card. If you do not have a user id and password for your credit card bank, you should contact your bank to set up your online banking account.

You can skip step 2 of the registration process, and register a credit card later. However, by registering a credit card, you get to take advantage of Envaulted cashback rewards. You receive a minimum of 1% cash back and more when you register a credit card and use a registered credit card to make purchases. Take advantage of the offers presented to you in your Envaulted account, and earn up to 20% and more cash back!

How Does Envaulted Monitor My Credit Card Transactions:
Once you register your credit card with Envaulted, we monitor your transactions through a process called Direct Connect (similar to setting up access to Quicken / MS Money). Some banks require that you enable Quicken / MS Money before you can use this service. If you receive an error setting up a credit card account through Envaulted, you should check with your bank and make sure you have the correct log in credentials, and your bank has Quicken / MS Money (a.k.a. Direct Connect) enabled. For more information please see our help page.

Wednesday, August 25, 2010

Happy Birthday Envaulted!

Today Envaulted was finally born. It’s the beginning of a new paradigm—connecting businesses and consumers in a unique way. For the first time, consumers can get access to customized purchase rewards without giving up their privacy. Reflexively, businesses bypass conventional data aggregation services and tricky tactics designed to harvest people’s personal information by connecting with consumers anonymously through Envaulted.

Businesses want to earn your loyalty. In fact, they’re willing to pay for that loyalty. Businesses lose money on promotions because they don’t have the right information to target the people they want. Would you tell your best friend about a great restaurant you went to last night? Of course! Would you tell your co-worker? Probably. Would you tell other restaurants in the area? No, because there’s no good way to do it – until now. Being Envaulted means you’re giving businesses the ability to find you—but to keep your identity protected, they have to go through us. The only way they can contact you is through Envaulted’s weekly email, or on your personal Envaulted account page. In return, we pay you a minimum of 1% for everything you buy, everywhere. Even better, you can earn greater rewards for taking advantage of offers businesses send through Envaulted. If a competitive restaurant wants your business, they might offer you 20% cash back to try their food. How great is that?

Help us celebrate Envaulted’s birthday, and get Envaulted today!

Envaulted Uses Direct Connect to Collect Credit Card Transactions

During the beta phase of Envaulted, only issuing banks who support the “Direct Connect” peer-to-peer file sharing protocol will work for the rewards program. Many banks support Direct Connect, such as American Express and Chase. If you have a Chase card, however, you may have to go to Chase’s website and enable Direct Connect on your account. Directions for enabling this service are located on our Frequently Asked Questions page.

Many banks don’t support Direct Connect, like Capital One. Capital One credit cards can’t be used yet with Envaulted. Eventually we’ll support banks like Capital One once we have a chance to further build the required infrastructure. Some banks charge a fee to enable Direct Connect (e.g., Bank of America). Check with your bank to see if they support Direct Connect and if there are any associated fees for using the service.

Debit cards and “checkcards” are also not supported in our beta test phase. These cards do not typically allow Direct Connect access, either.

Over the coming months, we will constantly add new banks to our system. Please check back from time to time to see if your issuing bank is supported. It helps us if you let us know what bank you would like to see supported by emailing support@envaulted.com. If enough people request the same bank, we will prioritize adding the requested bank.

Why Was Envaulted Started?

Advertising is a $260 billion business in the U.S. That means companies spend over $1,000 per adult per year to tell you about their products. Certain consumer segments are more valuable than others, so some of you could be targeted with more than $5,000 of advertising dollars per year. What if we could make advertising more productive, reduce wasteful advertisements, make it more efficient, and send you the profits? You win. Efficient advertising=reduced costs for companies=lower prices. You win again. That’s what we’re here for, and that’s what we intend to do.

Your information is gathered all the time, most of the time as a trick. Sign up for this sweepstakes, or agree to these privacy terms. Pieces of your information are scattered all over the world. What companies don’t have is your purchase data. They typically infer it through generalizing you through market segmentation. What if they knew exactly what you were buying? Not your market segment, but YOU, specifically. Answer: they’d pay a fortune for it. Not only for your information, but, more importantly, access to you.

Envaulted’s mission is to learn your purchasing habits and provide a mechanism to pass its value back to you. Once you have a chance to monetize your data, two things will happen: 1) Companies will pay you for your loyalty and attention, and 2) Companies will have the option to eliminate wasteful promotions elsewhere, targeting only those who stand a good chance to shop at their stores.

That’s what we’re doing. We’re giving companies the ability to reach you without telling them who you are. All they need is the data and a way to reach you. What you’re doing by registering with Envaulted is giving companies the ability to reach you, anonymously, for the first time ever, and they have a chance to talk to you via Envaulted’s reward mechanism. Getting this specific is revolutionary, and companies won’t have to go after thousands of people just to find a few that shop at their competitors. We’re keeping your name and address a secret so companies have to go through us to get to you. In return for your loyalty to us, we’re passing the cash back rewards on to you.