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
Mobi724 (MOS:CSE) Signs Commercial Agreement and Closes Private Placement
MOBI724 Global Solutions Inc. Subsidiary iQ724 Inc Signs Commercial Agreement with Bane-Welker and MOBI724 Global Solutions (MOS:CSE) Closes $ 217,000 Private Placements
– Momentum Public Relations –
Press Release: November 1, 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 is pleased to announce that iQ724 Inc. (“iQ”) a wholly owned subsidiary of MOBI724 has signed a commercial agreement with Bane-Welker Equipment to design, implement and operate a loyalty and digital marketing program for its 13 CaseIH agricultural dealerships in Indiana and OhioThe customer will also benefit from the Data Analytics and its business intelligence services.Bane-Welker Equipment is iQ’s first turnkey loyalty and digital marketing program in the United States. Bane-Welker’s 13 CaseIH agricultural dealerships is complemented by the other 13 Case IH agricultural dealerships that iQ also services in Canada.
The Company is also pleased to announce that it has successfully closed a second tranche equity private placement in the aggregate amount of $217,000.00 dollars by issuing 4,340,000 common shares (“Shares”) at $0.05. For each common share received, the subscribers were issued one common share purchase warrant at an exercise price of $0.15 exercisable on or before August 31st, 2018 after which they shall expire. The Company also converted of bona fide debt in the amount of $10,000.00 at a price of $0.05 per common share and $45,000.00 at a price of $0.063 for an aggregate issuance of 914,285 common shares.
The Shares were sold pursuant to exemptions from prospectus requirements to purchasers in Canada and are subject to a hold period of four months and one day following the closing of the private placement. The Shares are listed on the Canadian Securities Exchange (CSE). The Company will use the net proceeds to support project deployments of the Company’s solution, for ongoing obligations and for working capital requirements. Since August 31, 2016, the Company has raised $ 2.467 million dollars and this second tranche closing totals $467,000.00 in the aggregate with respect to the $1 million financing announced on September 6, 2016
About Bane Welker Equipment, LCC
Bane-Welker Equipment is a privately-owned Case IH agriculture equipment dealership with 13 locations in the Midwest United States. www.bane-welker.com
About iQ724
iQ724 is based in Montreal and was founded in 2007. iQ724 provides a customer retention/loyalty marketing platform to medium and large merchants iQ724 also provides professional services, digital marketing, data analytics and business intelligence solutions as part of their offering .For more information, visit: www.iq724.com
About Mobi724 Global Solutions
MOBI724 Global Solutions Inc. (CSE:MOS)(CSE:MOS.CN), 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
RewardStream Further Strengthens Advisory Board with Addition of Senior Executive Jamie Anderson
UPDATE – RewardStream Further Strengthens Advisory Board with Addition of Senior Executive Jamie Anderson
Anderson brings 18 years of experience working with major brands in online loyalty and retention marketing
– Momentum Public Relations –
Press Release: October 18, 2016
RewardStream Solutions Inc. (“RewardStream” or the “Company”) (TSX VENTURE:REW)(FRANKFURT:JL4L) (WKN Number A2APX1), a world leader in automated referral marketing solutions has announced that senior executive Jamie Anderson has joined the Advisory Board.
Anderson is currently the Vice President of Partnerships at Points International Ltd. Points is the global leader in providing loyalty eCommerce and technology solutions to the world’s top brands. Most recently, Anderson lead the expansion of the Points business into Europe and the Middle East. Prior to Points, Anderson worked in senior online marketing roles at AOL, DoubleClick and Loyalty One.
“We are pleased to welcome Jamie to our Advisory Board,” said Rob Goehring, Chief Executive Officer of RewardStream. “Jamie has had an extensive career in digital marketing, loyalty and ecommerce. His background serving major global brands will add tremendous capabilities to our team, and we look forward to leveraging his expertise to grow RewardStream in North America as well as Europe.”
“I look forward to helping RewardStream accelerate the growth of their business in both domestic as well as international markets,” stated Anderson. “Referral marketing is an excellent extension of many marketing programs and I believe with their flexible technology platform, RewardStream is in a unique position to offer their expertise to brands around the world.”
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
MOBI724 (MOS:CSE) Subsidiary Signs Marketing Partnership Agreement With Ackroo
MOBI724 Global Solutions Inc. Subsidiary iQ724 Inc. Signs Marketing Partnership Agreement With Ackroo
– Momentum Public Relations –
Press Release: October 18, 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 is pleased to announce that iQ724 Inc. (“iQ”) a wholly owned subsidiary of MOBI724 has signed a partnership agreement with Ackroo Inc. (TSX VENTURE:AKR)(OTC PINK:AKRFF) (“Ackroo” or the “Company”), a gift card, loyalty and rewards technology and services provider, and marketing services. Through this agreement Ackroo will provide its Ackroo Anywhere solution and iQ724 will provide their customized marketing services modules as a combined solution for merchants across North America. The initiative will support upselling Ackroo’s gift card and loyalty platform to iQ724 clients and upselling iQ724’s customized marketing services modules to Ackroo clients as well as pursing net new opportunities together via each companies channel partnerships.
“The partnership with iQ724 is a great advancement both solution and geographic wise for Ackroo” said Steve Levely, chief executive officer at Ackroo. “From a solution stand point the custom marketing services products that iQ724 provides will deliver a premium option for Ackroo to offer our current and prospective clients helping to attract and grow much larger merchants. Medium to large merchants demand advanced solutions like what iQ724 offers and so while Ackroo will continue to develop our core solution to support the small to medium sized marketplace this partnership will better position the Company to support large to enterprise accounts as well. The Ackroo base platform also provides a great advancement for iQ724 clients primarily around our gift card, mobile and e-com offerings, our additional point of sale options, plus our self-serve components. So a technical advancement for both organizations. Geographically iQ724 has a very strong presence in Quebec and is beginning to gain traction in the United States. Both are markets that Ackroo is looking to expand further into making the partnership even more valuable. “
“Ackroo will provide a much desired expansion of our digital marketing,enterprise level loyalty solutions outside of Quebec while at the same time offering iQ724 a gift card, mobile and e-com offerings and self- serve options to us in Quebec …our geographical and technological strengths complement each other perfectly” said Daniel Tardif, President of iQ724.
About Ackroo
Ackroo provides gift card and loyalty processing solutions to help small to medium sized businesses attract, retain and grow their customers and their revenues. Through a SaaS based business model Ackroo provides an in-store and online automated solution to help merchants process gift card & loyalty transactions at the point of sale, provide key administrative and marketing data, and to allow customers to access and manage their gift card and loyalty accounts. Ackroo also provides important marketing services to assist their merchants with utilizing Ackroo’s technology solution. Ackroo is headquartered in Ottawa, Canada. For more information, visit: www.ackroo.com.
About iQ724
iQ724 is based in Montreal and was founded in 2007. iQ724 provides a customer retention/loyalty marketing platform to medium and large merchants iQ724 also provides professional services, digital marketing, data analytics and business intelligence solutions as part of their offering .For more information, visit: www.iq724.com
About Mobi724 Global Solutions
MOBI724 Global Solutions Inc. (CSE:MOS)(CSE:MOS.CN), 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
The Many Pros of Mobile Couponing
The Many Pros of Mobile Couponing
– Momentum Public Relations –
Gone are the days of sitting down, browsing the newspaper for weekly deals and daily coupons. Over the past few years, the weekly coupon cutting has been replaced with online daily deals, loyalty cards and digital coupon apps. In fact, in the United States alone, 103 million adults used digital coupons online. This represents 52{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the population, with numbers only expected to grow within in upcoming years.
Mobile coupons have also grown in popularity over the last few years, and have benefitted companies who can now add deals and coupons in Apple’s passbook and through other mobile apps. This allow consumers to browse deals from brick and mortar stores, credit card in hand, rather than at home in front of their computers. Interestingly enough, 47{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of consumers would like to receive promotions and coupons on their devices when they are in or near retailers. Consumers carry their mobile phone wherever they go, using it as a main organizational tool in their lives. Knowing this, mobile coupons offer many advantages, even when compared to their digital counterparts.
For one, mobile couponing is mutually beneficial to both the consumer and the retailer. While consumers can view deals while in-store, saving them both time and money, the underlying technology allows merchants and retailers to measure real-time data on consumer purchases and buying habits, not to mention ROI. This information is vital in order to provide consumers with targeted discounts and coupons, which in turn creates more brand loyalty. We now see top retailers like Sephora, Target and even Starbucks offer coupons, conveniently accessible on a consumer’s smartphone. Retailers can also use special geo-targeting and proximity to end-user to ensure the most relevant ads are sent to certain consumers – they hit at the highest moment of impact, when the consumer can smell the fresh baked bread standing right outside the store.
Mobile coupons are also much more convenient over the traditional paper coupons – it’s much easier to show a barcode than to carry around countless pieces of paper, scurrying to find a relevant one at the cash register. As mentioned, consumers no longer need to browse weekly flyers and spend time cutting out relevant coupons. Because of the technology, companies can also send reminders to use mobile coupons, rather than leaving it up to the consumer to redeem.
Certain tech companies like Mobi724 Global Solutions have taken mobile couponing to the next level by allowing for the streamlining of mobile deals and couponing into what they call smart transactions. They allow the consumer to link all of their coupons and loyalty programs onto one banking card in order to benefit from a wide variety of discounts without even having to scan a barcode. With this technology, consumers can pick their interests and Mobi will find and link all relevant coupons to a credit or debit cards. This allows consumers the convenience of having to carry only one card, and to pick out areas of interest so that their deals are especially relevant. Using this smart transaction technology allows companies to target their coupons and advertising to the right consumers all while building brand loyalty and better customer relations. If there’s one thing the consumer has become less tolerant to through mobile couponing, it’s irrelevant advertising that is more difficult to ignore than through more traditional paper and digital couponing. This service also benefits the banks by ensuring constant use of the same bankcard on which the savings, thus ensuring better customer loyalty.
Statistically, mobile coupon users have higher household incomes, are better educated, shop more frequently than users of paper coupons. There will also be an estimated 1.05 billion mobile coupon users by the year 2019. These numbers show that smart transaction technology like Mobi’s will become increasingly popular, not to mention relevant. By offering targeted advertising, companies and larger retailers can create better relationships with their consumers and in turn, maximize their profits.
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. They 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.
For more information on Mobi724 please visit: www.mobi724globalsolutions.com
- Published in Blog, Financial Technology, Mobi724 Global Solutions, Mobile Technology, Technology
Study: Mobile shopping and purchasing have become the norm worldwide
Study: Mobile shopping and purchasing have become the norm worldwide
Mobile Payments Today
http://www.mobilepaymentstoday.com/news/study-mobile-shopping-and-purchasing-have-become-the-norm-worldwide/
Mobile shopping and purchasing have become the norm across the globe as 75 percent of smartphone and tablet users said they have purchased a product or service on their devices in the past six months, according to new report from the Interactive Advertising Bureau.
The study, Mobile Commerce: A Global Perspective, is an in-depth survey of mobile users from 19 countries around the world, according to a press release about the report.
Among these recent mobile purchasers, nearly a quarter (23 percent) buy on mobile devices on a weekly basis. Mobile purchasers in Turkey and China report the greatest percentage of their total monthly purchases on smartphones or tablets (44 percent and 42 percent, respectively). Those in the U.K., Singapore, and Australia say they make a third or more of purchases on mobile screens.
Overall, 57 percent of the mobile purchasers surveyed say that they have been buying on mobile for over a year. More than a quarter (28 percent) made their first mobile purchase in the last six months. Austria, Peru, and Colombia are key new adopter markets, with significantly more consumers making their first purchase on mobile within the past year, followed by Mexico, France, Turkey, and Chile.
The mobile shopping experience, enhanced by the combination of convenience, time saving, and price, won high marks from the majority (80 percent) of those polled. Sixty-two percent plan to purchase more products and services via their smartphone or tablet in the next six months. Mobile purchasers in the U.K., Brazil, France, Ireland, and Peru expressed the greatest propensity for increasing their mobile shopping activities.
Seventy-six percent of mobile purchasers said that they had engaged with a mobile ad in the last six months. On average, 33 percent clicked on the ad to find out more information, while 28 percent clicked to visit the advertisers’ websites, and 21 percent clicked to purchase. Brazil, Canada, Colombia, the U.K., and the U.S. reported the highest levels of clicking to purchase.
Social media plays an important role. Sixty percent of mobile purchasers from around the world saying they often discover products and services to buy on social platforms. More than one-third (36 percent) of mobile purchasers leverage social media to share their mobile purchase experience.
“Pressing the ‘buy’ button on mobile devices is now a regular occurrence the world over,” said Anna Bager, senior vice president of mobile and video at IAB. “Marketers and media agencies need to fully embrace smartphones and tablets as a critical pathway for all shopping activities and increase investment if they want to build meaningful relationships with mobile consumers, driving them from discovery to purchase.”
View Original: http://www.mobilepaymentstoday.com/news/study-mobile-shopping-and-purchasing-have-become-the-norm-worldwide/
- Published in Blog, Business, Financial Technology, Mobile Technology, Technology
MOBI724 Global Solutions (MOS:CSE) Closes $ 750,000 Private Placements
MOBI724 Global Solutions (CSE:MOS) Closes $ 750,000 Private Placements
– Momentum Public Relations –
Press Release: October 7, 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 is pleased to announce that on October 5, 2016, it has successfully closed a first tranche equity private placement in the aggregate amount of $250,000.00 dollars by issuing 5,000,000 common shares (“Shares”) at $0.05. The private placement included a conversion of bona fide debt in the amount of $25,344.51. For each common share received, the subscribers were issued one common share purchase warrant at an exercise price of $0.15 exercisable on or before August 31st, 2018 after which they shall expire.
The Company has also closed a secured convertible debenture (“Convertible Debenture”) private placement in the amount of $500,000.00. The Convertible Debenture will (i) mature on March 30, 2018 (the “Maturity Date”), (ii) bear interest at a rate of 8 {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} per annum, (iii) be convertible at the option of the holder into common shares of the Company (the “Shares”) on or prior to the expiry of the Term at a price of $0.15 (the “Conversion Price”) and (iv) be secured by the receivables of the Company limited to 20{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the gross revenues. Payments shall be effected every 6 months and shall be limited to 10{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the gross revenues collected and the holder shall have the option to be paid in cash or convert into Shares at the Conversion Price. The Company has the option to redeem the Convertible Debentures at any time prior to the expiry of the Term without penalty. Due to pari passu provisions in an existing and outstanding debenture recently issued to an institutional investor, the Company is also granting the same security in favour of the existing debenture holder.
The Shares and Convertible Debenture were sold pursuant to exemptions from prospectus requirements to purchasers in Canada and are subject to a hold period of four months and one day following the closing of the private placement. The Shares are listed on the Canadian Securities Exchange (CSE). The Company will use the net proceeds to support project deployments of the Company’s solution, for ongoing obligations and for working capital requirements. Since August 31, 2016, the Company has raised $ 2.25 million dollars and is currently working on closing another tranche of funding this month as previously announced.
The Company also announces that it recently ended its relationship with its current CFO-COO and that Mr. Michel David Pereira CPA CA will continue to execute the quarterly consolidated financials with internal accounting staff. The CEO, Marcel Vienneau stated that “we are currently concentrating our efforts in soliciting new team members.”
About Mobi724 Global Solutions
MOBI724 Global Solutions Inc. (CSE:MOS)(CSE:MOS.CN), 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
Mobi724 Global Solutions (CSE:MOS) Announces Proposed $500K Secured Convertible Debt Financing
Mobi724 Global Solutions (CSE:MOS) Announces Proposed $500K Secured Convertible Debt Financing
– Momentum Public Relations –
Press Release: September 28, 2016
MOBI724 Global Solutions Inc. (“MOBI724″ or the”Company”) (CSE:MOS), a Fintech leader offering all in one fully integrated EMV payment, card link couponing and digital marketing is pleased to announce that it has authorized and is currently seeking financing by way of issuance secured convertible debentures (“Convertible Debentures”) for maximum proceeds of $500,000.00. The Company expects to use the net proceeds to support project deployments of the Company’s solution, for ongoing obligations and for working capital requirements.
The Company proposes to issue Convertible Debentures for a term of 18 months (the “Term”) bearing interest at a rate of 8 {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} per annum. The Convertible Debentures shall be convertible at the option of the holder into common shares of the Company (the “Shares”) on or prior to the expiry of the Term at a conversion price of $0.15. The Company has the option to redeem the Convertible Debentures at any time prior to the expiry of the Term without penalty. The Convertible Debentures will be sold pursuant to exemptions from prospectus requirements to “accredited investors” in Canada and will not be listed on the CSE, however the Common Shares issuable upon conversion will be listed and may be subject to hold periods prescribed by regulation.
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 (MOS:CSE) Announces $1.0 Million Financing
MOBI724 Global Solutions (MOS:CSE) Announces $1.0 Million Financing
– Momentum Public Relations –
Press Release: September 6, 2016
MOBI724 Global Solutions Inc. (“MOBI724” or the “Company”) (MOS:CSE), a Fintech leader offering all in one fully integrated EMV payment, card link couponing and digital marketing is pleased to announce that it has authorized and is currently seeking to close private placements in the aggregate amount of 1 million dollars by issuing a maximum of 20,000,000 common shares at $0.05 per share including the discounts allowed by CSE policies. The subscribers shall also be issued one common share purchase warrant for every common share issued at an exercise price of $0.15 exercisable on or before August 31st, 2018 after which they shall expire. The common shares shall be sold pursuant to exemptions from prospectus requirements to purchasers in Canada and will be listed on the Canadian Securities Exchange (CSE). The proceeds received will be utilized to support solution deployments as well as supporting the Company’s working capital requirements.
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 Mobi724 Global Solutions, Mobile Technology, News Home