RewardStream to Wind Down Service with Carrier in Q4
RewardStream (REW:TSXV) to Wind Down Service with Carrier in Q4
– Momentum Public Relations –
Press Release: December 07, 2016
Mr. Rob Goehring reports
RewardStream Solutions Inc. has provided a corporate update for its three main target segments.
Financial services business segment
The company currently serves a number of financial services organizations, providing SaaS-based referral marketing capabilities to credit unions and banks. With current customers such as Envision Financial, Arsenal Credit Union, Valley First, Island Savings, Utilities Employee Credit Union and more, the company continues to focus on expanding its business in this sector to more than 6,000 credit unions in North America. Credit unions remain a significant market opportunity, as customer satisfaction ratings exceed 90 per cent, and word of mouth remains the most effective method at acquiring new customers.
Telecommunications business segment
The company continues to serve major telecommunications clients with its enterprise-class referral marketing platform. The company currently provides services for major national and regional/specialty wireless carriers, including Rogers Wireless, Freedom Mobile (formerly Wind Mobile), Koodo Mobile and a leading Hawaii-based carrier in the United States.
The company’s referral marketing program with a major U.S. telecommunications carrier has recently ended, and the company will complete the wind-down of service to this customer in the second calendar quarter of 2017. The decision to end the program was due to budgetary considerations, and the company remains engaged with the customer for potential future projects. While this will negatively impact the company’s 2017 financial performance, the company has identified, and is pursuing, growth opportunities in the carrier market in Canada, the United States and Europe.
E-commerce business segment
As previously disclosed, the company is moving into the high-growth e-commerce industry by integrating its referral marketing software into existing large-scale e-commerce platforms. The worldwide e-commerce market is expected to grow to over $4-trillion (U.S.) by 2020.
As previously disclosed, the company’s referral marketing platform is now available as an integrated plug-in for two major e-commerce platforms: Magento and WooCommerce. Magento powers over 270,000 on-line stores, including the largest number of Internet retail top-1,000 stores of any other e-commerce platform. WooCommerce powers over 1.5 million on-line stores and is the most broadly used e-commerce platform in the world. The company is nearing completion of its beta-testing phase with Shopify (TSX: SHOP), an additional platform providing e-commerce capabilities for over 325,000 on-line stores. Once the Shopify extension is complete, the company will have an addressable market of two million on-line stores currently powered by these three platforms. The integration strategy provides fast and easy on-boarding for clients without requiring information technology involvement, and integrates Rewardstream referral marketing tools directly into the store’s shopping cart process.
As previously disclosed, the company has already seen uptake in the e-commerce market and launched programs for on-line retailers, including iPromo, Scholar’s Choice, Double Your Dating, Messy Maids and more. The company continues to evaluate integration opportunities with additional leading e-commerce platforms to further expand the addressable market opportunities in this fast-growing segment.
About Rewardstream Solutions
Rewardstream specializes in the execution of automated referral marketing programs that help brands to acquire, engage and retain their most valuable stakeholders — customers. By utilizing an innovative blend of marketing insight and proprietary technology, Rewardstream turns an existing customer base into a powerful new sales channel for all of its clients. Rewardstream delivers a scalable, real-time technology platform as the foundation of its client’s referral program. Its award-winning marketing solutions have powered loyalty and referral marketing programs across 39 countries for brands, including Boost Mobile, Virgin Mobile, Envision Financial, Koodo Mobile and more.
- Published in Financial Technology, Mobile Technology, News Home, RewardStream
Mobi724 Global Solutions Inc. Signs Commercial Agreement with Banco Macro
MOBI724 Global Solutions Inc.’s (CSE:MOS) subsidiary, Mobi724 S.R.L. signs a commercial agreement with Banco Macro to provide its oneSwipe Card-Linked-Offers Solution
– Momentum Public Relations –
Press Release: December 07, 2016
Innovative oneSwipe Card-Linked Offers Solution for Banco Macro’s more than 2.5 million credit cardholders
MOBI724 Global Solutions Inc. (“MOBI724” or the “Company”) (CSE:MOS) (CSE:MOS.CN), a Fintech leader offering all in one fully integrated EMV payment, card link couponing and digital marketing – MOBI724 S.R.L. an Argentine corporation, a wholly owned subsidiary of MOBI724 Global Solutions Inc., has signed a commercial agreement with Banco Macro to implement, integrate, maintain and support MOBI724’s oneSwipe Card-Linked-Offers solution for Banco Macro’s card holder base.
MOBI724’s innovative oneSwipe Card-Linked-Offers patent pending solution will allow Banco Macro’s cardholders, to redeem their offers directly at the Point of Sale of participating retailers, in a seamless customer experience.
Banco Macro will also benefit from MOBI724’s other solutions and services such as Data Analytics & Business Intelligence.
Marcel Vienneau CEO of MOBI724 stated “We are thrilled to be able to provide one of the largest and fastest growing top 5 banks in the country, with our state of the art card-linked-offers & BI platform, and we are looking forward to working with the bank so they can truly leverage the full potential of our solution for the benefits of their card holders”.
About Banco Macro
Macro is the only Bank that can show 58 consecutive quarters with profit. It is the first Bank in domestic private capitals. The Bank’s net income totaled Ps.1.8 billion in the second quarter of 2016. This result was 28{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} higher than the Ps.1.4 billion posted in the first quarter of 2016 and 119{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} higher than the Ps.824.2 million reported in the second quarter of 2015. In the second quarter of 2016, Banco Macro’s financing to the private sector grew 13{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} quarter over quarter and increased 37{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} year over year.
About Mobi724 Global Solutions
MOBI724 Global Solutions Inc. (CSE:MOS), a leader in the Fintech industry based in Montreal (Canada), offers a unique and fully integrated suite of Payment & Digital Marketing solutions.
We are innovating in our market with a combined EMV Payment, Card Linked Offers, and Digital Marketing platform that works on any card and any mobile device. We pioneered in adding intelligence to all types of transactions benefiting banks, retailers and cardholders. We succeed in leveraging all available user and purchasing data to increase transaction volumes and spend.
MOBI724 provides a turnkey solution to its clients to capture card transactions on any mobile device, at any point of sale or from any payment card. Our easy-to-adapt gateway Switch is designed for easy integration with all payment protocols in our target markets.
Within the same solution suite we combined our Card Linked Offers solution, and provided financial institutions´ payment card portfolios and retailers the ability to add offers and/or coupons which can be redeemed directly at the Point of Sale, in a seamless user experience for all the parties in the eco-system.
MOBI724 Global Solutions unleashes the true potential of both payment and card-linked couponing/rewards transactions for both online and offline points of sale (POS).
The Corporation provides its customers with full and comprehensive traceability and enriched consumer data through its offering. Its solutions enables card associations, retailers, manufacturers, offer providers, mobile operators and card issuers to create, manage, deliver and “track and measure” incentive campaigns worldwide to ANY mobile device and allow its redemption at ANY point of sales.
Our credit and debit EMV payment solutions will allow banks to process end to end EMV transactions, focusing on authentication, approved security and quick merchant adoption which allows the users to process payments with a wide range of devices over a secure and seamless transaction.
MOBI724’s PCI and EMV cloud-based switch, with their device agnostic connectivity, simplifies deployment and integration, and introduces new payment and digital incentives solutions to the market enabling multi layered intelligent transactions therefore SMART TRANSACTIONS.
- Published in Financial Technology, Mobi724 Global Solutions, Mobile Technology, News Home
Mobi724 Global Solutions Inc. (CSE:MOS) announces initial coverage by WallStreet Research
Mobi724 Global Solutions Inc. (CSE:MOS) announces initial coverage by WallStreet Research
– Momentum Public Relations –
Press Release: December 06, 2016
MOBI724 Global Solutions Inc. (“MOBI724” or the “Company”) (CSE:MOS)(CSE:MOS.CN), a Fintech leader offering all in one fully integrated EMV payment, card link couponing and digital marketing announced the initiation of coverage by WallStreet Research™ (WSR).
WallStreet Research™ (WSR), a top-ranked independent research firm with a history spanning over three decades, announced that it has initiated Corporate Profile coverage on Mobi724 Global Solutions Inc.
The recent WSR Corporate Profile highlights new accomplishments and growth plans under the guidance of the current management and it’s Board of Directors. MOBI724 is innovating in the FinTech space by offering solutions that add intelligence to all types of transactions benefiting banks, retailers and cardholders.
WSR reports that the market for MOBI724 is rapidly growing and the Company is well positioned for great growth. WSR notes that the Company operates in a global market and that MOBI724 has completed a 3-year strategic plan, which includes monetization of the firm’s solutions in Asia, Latin America, North America and the Caribbean. In 2015 the three major FinTech niches – Payments, Solutions and Technology – all beat the broader market with close to a 14{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} rate of return. FinTech M&A volume also increased with 195 announced deals and a median deal value of $74 Million in 2015. With the industry seeing 7x growth, WSR conservatively factored a similar multiple of annual trailing revenue and took into consideration that the Company also has a tax loss carry forward of $8 million dollars. Utilizing these factors brings Mobi724 into an approximate $23 million dollar valuation (approximately four times the current level). WSR feels that Mobi724 is well positioned in a fast and explosive industry and has strong potential to meet guidance of over 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} growth next year. The full report can be viewed at the following link address: http://wallstreetresearch.org/reports/MOBI724_FINAL.pdf
About WallStreet Research™
WallStreet Research™ (“WSR”) is a prominent research boutique led by Mr. Alan Stone, Managing Director of Alan Stone & Company, LLC (ASC). The firm specializes in the microcap and small cap investment arena, looking for emerging growth companies with strong management, unique or proprietary technology, significant market potential, financial strength, and outstanding long-term earnings growth possibilities. Mr. Stone was formerly a securities analyst and assistant portfolio manager at Merrill Lynch Asset Management, an investment analyst at Prudential Financial’s Capital Markets Group, and an investment banker with Ladenburg Thalmann & Company. The firm has offices in Los Angeles, CA, Palm Beach, FL, and New York City, NY, and is well known for discovering undervalued companies and bringing them to the attention of the investment community. ASC/WSR also arranges road shows for its publicly traded clients, before the investment community in New York City, California and Florida. Information on WallStreet Research™ can be found at www.WallStreetResearch.org
About Mobi724 Global Solutions
MOBI724 Global Solutions Inc. (CSE:MOS), a leader in the Fintech industry based in Montreal (Canada), offers a unique and fully integrated suite of Payment & Digital Marketing solutions.
We are innovating in our market with a combined EMV Payment, Card Linked Offers, and Digital Marketing platform that works on any card and any mobile device. We pioneered in adding intelligence to all types of transactions benefiting banks, retailers and cardholders. We succeed in leveraging all available user and purchasing data to increase transaction volumes and spend.
MOBI724 provides a turnkey solution to its clients to capture card transactions on any mobile device, at any point of sale or from any payment card. Our easy-to-adapt gateway Switch is designed for easy integration with all payment protocols in our target markets.
Within the same solution suite we combined our Card Linked Offers solution, and provided financial institutions´ payment card portfolios and retailers the ability to add offers and/or coupons which can be redeemed directly at the Point of Sale, in a seamless user experience for all the parties in the eco-system.
MOBI724 Global Solutions unleashes the true potential of both payment and card-linked couponing/rewards transactions for both online and offline points of sale (POS).
The Corporation provides its customers with full and comprehensive traceability and enriched consumer data through its offering. Its solutions enables card associations, retailers, manufacturers, offer providers, mobile operators and card issuers to create, manage, deliver and “track and measure” incentive campaigns worldwide to ANY mobile device and allow its redemption at ANY point of sales.
Our credit and debit EMV payment solutions will allow banks to process end to end EMV transactions, focusing on authentication, approved security and quick merchant adoption which allows the users to process payments with a wide range of devices over a secure and seamless transaction.
MOBI724’s PCI and EMV cloud-based switch, with their device agnostic connectivity, simplifies deployment and integration, and introduces new payment and digital incentives solutions to the market enabling multi layered intelligent transactions therefore SMART TRANSACTIONS.
- Published in Financial Technology, Mobi724 Global Solutions, Mobile Technology, News Home, Technology
Mobi724 Global Solutions Inc. (MOS:CSE) gets research coverage on WallStreetResearch.org
WallStreet Research Initiates Corporate Profile Update On Mobi724 Global Solutions, Inc. (MOS:CSE)
– Momentum Public Relations –
Research Coverage: Mobi724 Global Solutions
Mobi724GlobalSolutions.com (MOS:CSE), is a leader in the Fintech industry based in Montreal (Canada) and offers a unique and fully integrated suite of Payment & Digital Marketing solutions.
Wall Street Research initiated coverage of Mobi724 and wrote an initial ‘Corporate Profile’ to help US investors understand the opportunity. The major highlight for investors to take note of is that conservatively it was concluded that Mobi724’s valuation should be approximately $23million. Currently it is sitting between $5 and 6 million. Mobi724 is undervalued although it had strong revenue growth of 707{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} over past year and raised over $2.5million in capital over the last 9 months. The FinTech investing space is estimated to be worth over $20billion and is growing rapidly. With the additional visibility in the US and investors understanding the quickly rising valuation, Mobi724 represents exceptional upside potential.
View the The Wall Street Research:
Mobi724 Global Solutions, Inc. has recently registered with the SEC to be listed on the OTCQB – View Here
This initiative to list on the OTCQB was taken because of a visible increase in demand from the US investment market. As CEO Marcel Vienneau stated:
“Following interest from US investors, brokers and investment bankers, the company has decided to proceed with co listing application of the company on the OTCQB venture markets. We are optimistic that this initiative will give our company more visibility in a market where the Fintech sector is thriving. We want to leverage the additional visibility that this platform will give us in the small cap audience across the border. This is an important part of our 2017 strategy to get more visibility of our company to this target audience. We believe that this could bring more efficiencies to our stock trading as well. I am doing a multi city investor road show in the USA this week to kick off this initiative”
About WallStreetResearch.org
WallStreet Research™ (WSR) is a top ranked independent research firm with a history spanning over three decades. WSR provides the global investment community with independent analyst research reports, corporate profiles and newsletters of selected quality emerging growth companies.
With the #1 ranking on Google, Yahoo and Bing search engines, WallStreet Research effectively initiates coverage on emerging companies that offer remarkable gain potential. This has resulted in WSR achieving one of the best track records in the small cap investment market place. Our distribution is extensive and global, far outpacing our competitors, due to our long history, superior brand name, extensive proprietary database, our #1 search engine rankings, and strong capital position.
About Mobi724 Global Solutions
MOBI724 Global Solutions Inc. (CSE:MOS), a leader in the Fintech industry based in Montreal (Canada), offers a unique and fully integrated suite of Payment & Digital Marketing solutions.
We are innovating in our market with a combined EMV Payment, Card Linked Offers, and Digital Marketing platform that works on any card and any mobile device. We pioneered in adding intelligence to all types of transactions benefiting banks, retailers and cardholders. We succeed in leveraging all available user and purchasing data to increase transaction volumes and spend.
MOBI724 provides a turnkey solution to its clients to capture card transactions on any mobile device, at any point of sale or from any payment card. Our easy-to-adapt gateway Switch is designed for easy integration with all payment protocols in our target markets.
Within the same solution suite we combined our Card Linked Offers solution, and provided financial institutions´ payment card portfolios and retailers the ability to add offers and/or coupons which can be redeemed directly at the Point of Sale, in a seamless user experience for all the parties in the eco-system.
MOBI724 Global Solutions unleashes the true potential of both payment and card-linked couponing/rewards transactions for both online and offline points of sale (POS).
The Corporation provides its customers with full and comprehensive traceability and enriched consumer data through its offering. Its solutions enables card associations, retailers, manufacturers, offer providers, mobile operators and card issuers to create, manage, deliver and “track and measure” incentive campaigns worldwide to ANY mobile device and allow its redemption at ANY point of sales.
Our credit and debit EMV payment solutions will allow banks to process end to end EMV transactions, focusing on authentication, approved security and quick merchant adoption which allows the users to process payments with a wide range of devices over a secure and seamless transaction.
MOBI724’s PCI and EMV cloud-based switch, with their device agnostic connectivity, simplifies deployment and integration, and introduces new payment and digital incentives solutions to the market enabling multi layered intelligent transactions therefore SMART TRANSACTIONS.
For more information on its products and on MOBI724 Global Solutions, visit www.mobi724globalsolutions.com.
Mobi724 Global Solutions Inc. (CSE:MOS) files application for OTCQB joint listing
Mobi724 Global Solutions Inc. (CSE:MOS) files application for OTCQB joint listing in New York
– Momentum Public Relations –
Press Release: December 5, 2016
MOBI724 Global Solutions Inc. (“MOBI724” or the “Company”) (CSE:MOS)(CSE:MOS.CN), a Fintech leader offering all in one fully integrated EMV payment, card link couponing and digital marketing, has filed its application to jointly list the company on the OTCQB venture markets platform.
“Following interest from US investors, brokers and investment bankers, the company has decided to proceed with co listing application of the company on the OTCQB venture markets. We are optimistic that this initiative will give our company more visibility in a market where the Fintech sector is thriving. We want to leverage the additional visibility that this platform will give us in the small cap audience across the border. This is an important part of our 2017 strategy to get more visibility of our company to this target audience. We believe that this could bring more efficiencies to our stock trading as well. I am doing a multi city investor road show in the USA this week to kick off this initiative” says Marcel Vienneau – CEO.
About OTC Markets Group
Empowering the Intelligent Investor
OTC Markets Group’s financial markets provide investors with the information necessary to intelligently analyze, value and trade 10,000 U.S. and global securities through the broker of their choice.
To create clarity in the investment process, we organize these securities into three tiered markets – OTCQX, OTCQB and Pink – based on the quality and quantity of information the companies make available.
Our markets empower companies to provide the levels of transparency necessary to create more efficient markets. Together with our SEC regulated Alternative Trading System, OTC Link® ATS, the combined transparency and transactional efficiency creates a compelling trading experience for investors.
OTC Markets Group provides services in three areas essential to creating better informed and more efficient financial marketplaces: Issuer Services, Trading Services, and Market Data Services.
OTC Markets Group (OTCQX: OTCM) is a public company traded on OTCQX under the symbol OTCM.
Please see our Investor Relations section for more information on OTC Markets Group.
About Mobi724 Global Solutions
MOBI724 Global Solutions Inc. (CSE:MOS), a leader in the Fintech industry based in Montreal (Canada), offers a unique and fully integrated suite of Payment & Digital Marketing solutions.
We are innovating in our market with a combined EMV Payment, Card Linked Offers, and Digital Marketing platform that works on any card and any mobile device. We pioneered in adding intelligence to all types of transactions benefiting banks, retailers and cardholders. We succeed in leveraging all available user and purchasing data to increase transaction volumes and spend.
MOBI724 provides a turnkey solution to its clients to capture card transactions on any mobile device, at any point of sale or from any payment card. Our easy-to-adapt gateway Switch is designed for easy integration with all payment protocols in our target markets.
Within the same solution suite we combined our Card Linked Offers solution, and provided financial institutions´ payment card portfolios and retailers the ability to add offers and/or coupons which can be redeemed directly at the Point of Sale, in a seamless user experience for all the parties in the eco-system.
MOBI724 Global Solutions unleashes the true potential of both payment and card-linked couponing/rewards transactions for both online and offline points of sale (POS).
The Corporation provides its customers with full and comprehensive traceability and enriched consumer data through its offering. Its solutions enables card associations, retailers, manufacturers, offer providers, mobile operators and card issuers to create, manage, deliver and “track and measure” incentive campaigns worldwide to ANY mobile device and allow its redemption at ANY point of sales.
Our credit and debit EMV payment solutions will allow banks to process end to end EMV transactions, focusing on authentication, approved security and quick merchant adoption which allows the users to process payments with a wide range of devices over a secure and seamless transaction.
MOBI724’s PCI and EMV cloud-based switch, with their device agnostic connectivity, simplifies deployment and integration, and introduces new payment and digital incentives solutions to the market enabling multi layered intelligent transactions therefore SMART TRANSACTIONS.
For more information on its products and on MOBI724 Global Solutions, visit www.mobi724globalsolutions.com.
- Published in Financial Technology, Mobi724 Global Solutions, Mobile Technology, News Home, Technology
Mobi724 Global Solutions Inc. (MOS:CSE) Q3 financial release – revenues increase by 707
Mobi724 Global Solutions Inc. (CSE:MOS) Q3 financial release – revenues increase by 707{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} and net loss decrease by 13{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} over 9 months
– Momentum Public Relations –
Press Release: November 30, 2016
MOBI724 Global Solutions Inc. (“MOBI724” or the “Company”) (CSE:MOS) (CSE:MOS.CN), a Fintech leader offering all in one fully integrated EMV payment, card link couponing and digital marketing, has filed its Q3 financial results for quarter ending on September 30 2016.
Nine-Month Year-to-Date 2016 Highlights
- Revenue grew 707{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} to $1.924M in 2016 from $272K in 2015
- Net operating loss decreased by 13{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} to $1.885M from $2.160M in 2015
Nine-month period | ||||
2016 | 2015 | |||
$ | $ | |||
Revenues | 1 924 243 | 271 505 | ||
Total operating expenses | 3 808 859 | 2 432 043 | ||
Operating income (loss) | (1 884 616 | ) | (2 160 538) | |
Net financial expenses (income) | 771 074 | (78 780) | ||
Net income (loss) before income taxes | (2 655 690 | ) | (2 081 758) | |
Income tax expense (recovery) | 5 554 | 5 327 | ||
Recovery of deferred tax | (101 940 | ) | (101 940) | |
(96 386 | ) | (96 613) | ||
Net income (loss) | (2 559 304 | ) | (1 985 145) | |
Earnings (loss) per share (Note 12) | ||||
Basic and diluted | (0,03 | ) | (0,04) | |
Weighted average number of outstanding common shares (Note 12) | ||||
Basic and Diluted | 100 739 716 | 55 458 265 |
“These results reconfirms that our value creation strategy is gaining momentum. Our progress in our sales pipeline is such that we believe that 2017 will be a banner year for the company. We are about embarking on a USA and Canadian road shows to the investment communities so that they can better understand and appreciate our growth trajectory. We are expanding our talent pool and new key team members will be announced soon. The management and the board have focused on setting the stage for solid value creation in the coming year” says Marcel Vienneau – CEO.
About Mobi724 Global Solutions
MOBI724 Global Solutions Inc. (CSE:MOS), a leader in the Fintech industry based in Montreal (Canada), offers a unique and fully integrated suite of Payment & Digital Marketing solutions.
We are innovating in our market with a combined EMV Payment, Card Linked Offers, and Digital Marketing platform that works on any card and any mobile device. We pioneered in adding intelligence to all types of transactions benefiting banks, retailers and cardholders. We succeed in leveraging all available user and purchasing data to increase transaction volumes and spend.
MOBI724 provides a turnkey solution to its clients to capture card transactions on any mobile device, at any point of sale or from any payment card. Our easy-to-adapt gateway Switch is designed for easy integration with all payment protocols in our target markets.
Within the same solution suite we combined our Card Linked Offers solution, and provided financial institutions´ payment card portfolios and retailers the ability to add offers and/or coupons which can be redeemed directly at the Point of Sale, in a seamless user experience for all the parties in the eco-system.
MOBI724 Global Solutions unleashes the true potential of both payment and card-linked couponing/rewards transactions for both online and offline points of sale (POS).
The Corporation provides its customers with full and comprehensive traceability and enriched consumer data through its offering. Its solutions enables card associations, retailers, manufacturers, offer providers, mobile operators and card issuers to create, manage, deliver and “track and measure” incentive campaigns worldwide to ANY mobile device and allow its redemption at ANY point of sales.
Our credit and debit EMV payment solutions will allow banks to process end to end EMV transactions, focusing on authentication, approved security and quick merchant adoption which allows the users to process payments with a wide range of devices over a secure and seamless transaction.
MOBI724’s PCI and EMV cloud-based switch, with their device agnostic connectivity, simplifies deployment and integration, and introduces new payment and digital incentives solutions to the market enabling multi layered intelligent transactions therefore SMART TRANSACTIONS.
- Published in Financial Technology, Mobi724 Global Solutions, Mobile Technology, News Home, Technology
MOBI724 (MOS:CSE) at the vanguard of payments and coupon revolution
MOBI724 at the Vanguard of Payments and CouponRevolution
Original Posted by ProactiveInvestors
Card-linked technology is transformative for credit card points programs, the firm said
We all know that shopping isn’t what it used to be since the arrival of smartphones and e-commerce.
What you might not be aware of is that the payments, promotions and coupon landscape is also undergoing a seismic shift due to emerging technology.
At the vanguard of this revolution is rapidly growing fintech (financial technology) company MOBI724 Global Solutions Inc. (CSE:MOS), which provides consumer services that weren’t available as recently as two years ago and is participating in an expanding global market that this year has an estimated worth of $10 billion.
Specialising in card payments
The company specialises in card payments and its core business, explained Chief Executive Officer Marcel Vienneau, is its card-linked platform, which when combined with digital marketing represents a new ecosystem allowing banks, merchants and customers to transact more efficiently with each other.
Card-linked technology is transformative for credit card points programs, and in addition enables card users to receive a tailored stream of offers and promotions on their smart devices.
To give a sense of scale, the company’s website says there will be just over 1 billion mobile coupon users by 2019, up from just under 560 million this year.
MOBI724 also offers digital payments solutions.
“This type of technology simply didn’t exist two years ago,” said Vienneau. “We are selling our solutions primarily to card issuers or banks in different countries,” he adds, pointing out that the company has customers in Canada, Asia Pacific and Latin America. In the Canadian market alone it has 400 customers.
“Most banks, anywhere in the world, have points programs where they issue points when you spend with their cards. Most of these cards enable customers to redeem points and get a reward,” he said.
Reinventing the technology
Perhaps the most significant aspect of MOBI724’s technology is that it has reinvented a clumsy, 20-year-old cost and payment structure, and thereby helps banks to make more money from card transactions.
Vienneau offers some examples of how the system worked in the past and how MOBI724’s better approach makes a difference.
A credit card customer has been awarded 25,000 points for using his or her card and can therefore buy a product with a $250 gift card. The card-issuing bank bears the cost of producing a rewards catalogue and the shipping costs of any product bought.
Now, say that a customer goes to an actual store and wants to buy a gift for $400 and include the $250 gift card value as partial payment. The current system is disjointed and the balance can be made up from cash, or another credit card, which might not be linked to the points system. Obviously, the customer doesn’t get the benefit of gaining more points.
MOBI724 simplifies the process by bringing all the strands together. It links the credit card, which issued the points, with the gift card. A customer can make a payment with an app and it both acknowledges that the gift card has been used and applies the balance owing to the credit card that earns points.
Similarly, when someone is in a store MOBI724 can send a coupon based on location or the customer’s profile, then the coupon can be used moments later at the cash register. The system can also send offers directly to a smartphone at any time, regardless of whether the shopper happens to be at a store or not.
In the preceding case of the $400 purchase, the bank charges a percentage of the transaction value when the points are redeemed, and so does MOBI724. The bank also wins by avoiding the necessity of having to pay for catalogues and product shipping.
“This is a new way to transfer a cost structure into a revenue-driven model, and it is seamless for the user and the bank,” said Vienneau.
It also taps into the way people engage with their banks and financial institutions nowadays – namely, instead of going into branches and using ATMs, people are putting “plastic into phones” and want more personalised interaction.
“Banks are losing their branding abilities but this gives them more channel opportunities,” Vienneau explained.
MOBI724 has invested considerably in its “business intelligence” capabilities, which allow it to map out people’s past purchases, social media interests and other distinguishing characteristics so that it can target them with specific coupons and offers.
“We are not just throwing everything at them,” said Vienneau.
The digital marketing aspect of MOBI724’s technology should also be of interest to advertisers, he points out, as it reveals consumer spending habits and other tendencies.
To that end, the company has struck strategic alliances with several agencies to help further grow the business.
Sales projected to reach $2.75mln for 2016
And growing it certainly is. Two years ago,annual revenue at MOBI724 was just over $100,000, and last year came in at $450,000. For 2016, sales are projected to reach $2.75 million.
Vienneau, a tech entrepreneur who became Chief Executive Officer when the group listed on the Canadian Securities Exchange in February 2015, expects to double revenue in 2017, along with crossing the line into positive EBITDA territory around mid-year.
In the next 36 months, the aim is to have $50 million in annual revenue and an expanding sales pipeline.
Vienneau designed the card-linked technology himself, planning the concept on a single sheet of paper four years ago.
The digital coupon market is projected to be worth $50 billion in the next three years and he reckons MOBI724 is well positioned to win a meaningful piece of this.
The group already has a respected backer in the form of institutional investor Fidelity, which has been involved in four rounds of funding, the latest for a $1.5 million convertible debenture.
MOBI724 announced plans to raise $5 million in July, around half of which has already been obtained. The money will be used to drive growth, as the research and development phase is over and the various technology solutions are fully functional.
Significantly, MOBI724 owns all the intellectual property supporting its platform and has a patent pending.
Vienneau reckons that at a market cap of approximately $5 million, or around twice projected 2016 revenue, the share price offers good value to new investors. “The challenge for us is to go out there and tell our story,” he said. “In time, this should lead to the market understanding our huge potential.”
View Original – http://www.proactiveinvestors.com/companies/news/169469/mobi724-at-the-vanguard-of-payments-and-coupon-revolution-169469.html
- Published in Blog, Financial Technology, Mobi724 Global Solutions, Mobile Technology, Technology
RewardStream Introduces Referral Marketing Solution for Double Your Dating
RewardStream Introduces Referral Marketing Solution for Double Your Dating
New Refer-a-Friend solution extends the reach of dating education tools
– Momentum Public Relations –
Press Release: November 22, 2016
RewardStream Solutions Inc., (“RewardStream” or the “Company”), (TSX VENTURE:REW)(FRANKFURT:JL4L) (WKN Number A2APX1) a world leader in referral marketing solutions for telecommunications, financial services and e-commerce providers announces the launch of the Refer a Friend program for Double Your Dating, a world leader in online education and information products for the dating market.
“Double Your Dating is a powerful and unique service that has delivered online dating education and support for over 10 years,” said Rob Goehring, Chief Executive Officer of RewardStream. “We are very pleased to be working with the Double Your Dating team to leverage the power of referrals to increase the reach of their online educational tools. Dating is a very personal experience, and we strongly believe that referrals will be a powerful way for satisfied customers to share their success with close friends seeking similar solutions.”
Double Your Dating delivers a variety of educational products through their online shopping platform. The RewardStream Spark™ referral marketing platform integrates with their online shopping checkout process to provide a seamless handoff between successful referral and Double Your Dating’s marketing automation system. Spark automates the process of making a referral, providing Double Your Dating customers with many options to recommend their products and service, and rewards customers when their friends shop at Double Your Dating.
“As world leaders in online dating education, we are excited to help our happy customers share our products with their friends and colleagues,” said David DeAngelo, Founder of Double Your Dating. “We are eager to use the power of referrals to reach more customers and continue our mission to make dating easier and more fun.”
RewardStream allows online consumers to easily refer their friends to online stores to browse merchandise and shop. Advocates and their friends can be rewarded for their referrals and all activity is tracked in RewardStream’s high-volume and scalable referral platform. RewardStream offers the largest number of referral options with support for email, Facebook, Twitter, Gmail, text message, WhatsApp, face to face and many other social channels.
Double Your Dating customers can learn more about the Refer a Friend program here.
About Double Your Dating
Double Your Dating helps men have more success with women and dating. Since 2001, David DeAngelo has helped over 10 million men improve their success with women. His programs teach men how to overcome their fear of rejection, successfully meet and attract women, and become the kind of man who can be in a successful relationship with a high quality, beautiful woman. He is the defacto leader for dating advice for men on the Internet.
About RewardStream Solutions Inc.
RewardStream specializes in the execution of automated referral marketing programs that help brands to acquire, engage, and retain their most valuable stakeholders – customers. By utilizing an innovative blend of marketing insight and proprietary technology, RewardStream turns an existing customer base into a powerful new sales channel for all of our clients. RewardStream delivers a scalable, real-time technology platform as the foundation of our client’s referral program. The platform provides customer acquisition programs that deliver new, highly loyal customers at very low cost per acquisition rates. Our award-winning marketing solutions have powered loyalty and referral marketing programs across 39 countries for brands including Boost Mobile, Virgin Mobile, Envision Financial, Koodo Mobile and more. For more information please visit www.rewardstream.com.
- Published in Financial Technology, Mobile Technology, News Home, RewardStream, Technology
RewardStream To Grow Online Sales for Scholar’s Choice With Referral Marketing Program
RewardStream To Grow Online Sales for Scholar’s Choice With Referral Marketing Program
Canada’s leading source of educational toys and teaching materials chooses RewardStream’s award-winning referral marketing solution
– Momentum Public Relations –
Press Release: November 10. 2016
RewardStream Solutions Inc., (“RewardStream” or the “Company”) (TSX VENTURE:REW)(FRANKFURT:JL4L) (WKN Number A2APX1), a world leader in referral marketing solutions for telecommunications, financial services and e-commerce providers, is pleased to announce the launch of Scholar’s Choice Refer a Friend program powered by the RewardStream Magento E-Commerce integration. Scholar’s Choice is the largest distributor of educational materials and toys in Canada.
“We are excited to introduce our referral program with Scholar’s Choice and proud to be supporting the North American market,” said Rob Goehring, Chief Executive Officer of RewardStream. “We know the importance of trust and how critical a credible referral can. Scholar’s Choice has incredible brand equity and a loyal client base that can now be rewarded for their referral activities.”
Scholar’s Choice’s online customers will now be able to refer their friends, fellow parents, and teachers using email, social media applications and word-of-mouth via their new refer a friend program to save $10 off their next purchase. Their referred friends also get rewarded with 20{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} off their next order. The RewardStream platform handles all of the online interactions, data analysis, fraud detection and reward management, making it a simple, integrated offering for Scholar’s Choice via their Magento e-commerce platform.
RewardStream allows online consumers to seamlessly refer their friends to online stores to browse merchandise and shop. Advocates and their friends can be rewarded for their referrals and all activity is tracked in RewardStream’s high-volume and scalable referral platform. RewardStream offers the largest number of referral options with support for email, Facebook, Twitter, Gmail, text message, WhatsApp, face to face and many other social channels.
Scholar’s Choice customers can learn more about the Refer a Friend program here: http://www.scholarschoice.ca/refer
About RewardStream Solutions Inc.
RewardStream specializes in the execution of automated referral marketing programs that help brands to acquire, engage, and retain their most valuable stakeholders – customers. By utilizing an innovative blend of marketing insight and proprietary technology, RewardStream turns an existing customer base into a powerful new sales channel for all of our clients. RewardStream delivers a scalable, real-time technology platform as the foundation of our client’s referral program. The platform provides customer acquisition programs that deliver new, highly loyal customers at very low cost per acquisition rates. Our award-winning marketing solutions have powered loyalty and referral marketing programs across 39 countries for brands including Boost Mobile, Virgin Mobile, Envision Financial, Koodo Mobile and more. For more information please visit www.rewardstream.com.
- Published in Financial Technology, Mobile Technology, News Home, RewardStream, Technology
RewardStream Announces Referral Marketing Integration and Innovators Program for Shopify
RewardStream Announces Referral Marketing Integration and Innovators Program for Shopify
Innovators Program to provide early access to RewardStream’s Referral Marketing app for Shopify stores in the U.S. and Canada
– Momentum Public Relations –
Press Release: November 2, 2016
VANCOUVER, BRITISH COLUMBIA–(Marketwired – Nov. 2, 2016) – RewardStream Solutions Inc., (“RewardStream” or the “Company”) (TSX VENTURE:REW)(FRANKFURT:JL4L) (WKN Number A2APX1) the leading provider of referral marketing software for telecommunications, financial services and e-commerce companies, has announced the launch of the Innovator’s Program for Shopify e-Commerce stores. Shopify is the leading cloud-based, multi-channel commerce platform for small and medium businesses, and powers over 300,000 online stores around the world.
RewardStream’s referral marketing app will enhance any Shopify store experience and integrate advanced referral marketing capabilities directly into existing Shopify powered stores. The app deploys seamlessly and requires minimal configuration and no support from IT, making it suitable for any size online store. Once deployed, the app automates and simplifies the process for online shoppers to instantly refer friends to the store via any mobile device and through their key social tools, including Facebook, Twitter, WhatsApp, Telegram and more.
“Online stores continue to seek out innovative marketing tools, and referrals are a powerful and very cost effective methods of acquiring new, loyal customers,” said Rob Goehring, Chief Executive Officer of RewardStream. “Shopify has quickly become a world leader in e-Commerce platforms, and represent a next step in the ongoing expansion of our strategy to make automated referral marketing tools available to any business. Our Innovators Program will ensure that we bring the best solution to the Shopify marketplace and create a starting point for enabling our app to the entire Shopify customer base that is now over 300,000 merchants.”
The Shopify Innovator’s Program is now available and will be launched with registered Shopify customers in the United States and Canada. Innovators that join the program will gain early access to the RewardStream app for Shopify, as well as ongoing implementation and account support, free lifetime upgrades for the Shopify app and discounts on fees.
Shopify store operators can register for the Innovator’s Program by visiting: http://www.rewardstream.com/shopify
As a leading provider of referral solutions for digital marketers, RewardStream has over a decade of referral expertise that helps marketers accelerate their customer acquisition goals, while rewarding existing, loyal customers for their referrals. By leveraging the trust and power of social recommendations, RewardStream delivers a new acquisition channel that secures the most valuable and loyal customers at a much lower cost than traditional marketing channels.
About RewardStream Solutions Inc.
RewardStream specializes in the execution of automated referral marketing programs that help brands to acquire, engage, and retain their most valuable stakeholders – customers. By utilizing an innovative blend of marketing insight and proprietary technology, RewardStream turns an existing customer base into a powerful new sales channel for all of our clients. RewardStream delivers a scalable, real-time technology platform as the foundation of our client’s referral program. The platform provides customer acquisition programs that deliver new, highly loyal customers at very low cost per acquisition rates. Our award-winning marketing solutions have powered loyalty and referral marketing programs across 39 countries for brands including Boost Mobile, Virgin Mobile, Envision Financial, Koodo Mobile and more. For more information please visit www.rewardstream.com.
- Published in Financial Technology, Mobile Technology, News Home, RewardStream, Technology