News & Events

Fintechs push to get out of the shadow of Uber, Amazon

BY: John Adams Sep 17 2018, 12:01am EDT

Source: Payments Source

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Uber and Amazon aren’t payment processors, banks or card companies. But both companies loom as threats and trendsetters for companies that squarely are in financial technology.

As Uber makes a direct assault on digital payments and Amazon’s no-cashier Go stores proliferate, the two companies have inspired what amounts to a sub industry within the payments technology business.

Executives from four companies—Worldnet co-founder John Clarke, Payrailz CEO Fran Duggan, CardFree CEO Jon Squire, and Sionic Mobile CEO Ron Herman— view Uber and Amazon as drivers of the shift to an “unattended” retail experience that removes human interaction from the process of making a payment.

During a phone roundtable last week, the executives discussed artificial intelligence, blockchain, mobile tech, and the two big elephants in the room.
Uber sets the pace for everyone to follow

Worldnet recently partnered with IDTech to speed authorization to streamline EMV chip card payments, cutting time for the consumer to just over a second. The goal of these “faster EMV” payment features is to make the transaction less of a hassle, and thus less of an effort.

“It’s the ‘Uberization’ of the business that’s the big trend,” said Worldnet’s Clarke.

To be fair, it’s not the same as the nearly seamless Uber experience, where people leave the car without making any effort to pay. But Uber sets the expectation that transactions should be brief to the point of being almost ignored. That’s a huge difference from the drawn-out process of waiting for a chip card that’s been jammed into a reader.

“People don’t want to think about their cell phone or their payment, and they want their transaction to be safe,” Clarke said.

Uber and other ride sharing apps such as Lyft and Grab are taking steps to become more direct competitors to fintechs and payment companies. Grab, which operates mostly in Asia, has made tangible moves to tie its ride hailing app to food ordering and bank partnerships. Uber’s collaborations in the payments business include a Barclays-issued credit card that can be managed via the Uber app; and a tie in with Venmo.

Payrailz is trying to take advantage of this trend by selling technology to banks on a software-as-a-service basis to power bill payment, P2P and other use cases, using artificial intelligence to improve user experience over time.

“It’s all about moving the payment to the background. It has to be sale and secure, but it also has to frictionless,” said Payrailz’s Duggan.

Telenav and Sionic Mobile Forge Alliance to Help Automotive OEMs Deliver Localized In-Car Digital Commerce and Offers

BY: GlobeNewswire Aug 22, 2018 8:00 AM EDT

Source: Nasdaq

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SANTA CLARA, Calif. and ATLANTA, Aug. 22, 2018 (GLOBE NEWSWIRE) — Telenav®, Inc. (NASDAQ:TNAV), a leading provider of connected car and location-based services, and Sionic Mobile, a leading provider of cloud-based connected-commerce and loyalty currency gateway services, have entered into a strategic alliance agreement to bring localized in-car digital commerce and offers to drivers. Telenav’s location-based services and mobile-advertising capabilities coupled with Sionic Mobile’s in-vehicle payment and order-ahead technologies, allow automotive OEMs (Original Equipment Manufacturer) to bring a relevant, personalized commerce experience into the car to help drivers save time, money and effort on the road. Using the OEM’s vehicle infotainment system, drivers will be able to easily order and pay before picking up their item(s) at the coffee shop, restaurant, gas station, or other retail locations.

Telenav’s connected-car and location-based services will incorporate Sionic Mobile’s ION Commerce Engine® (ICE) and Express Rewards Marketplace™ to deliver commerce, offers and rewards to consumers inside the vehicle in a safe, user-friendly, contextually relevant manner. For example, by leveraging Telenav’s predictive technologies, drivers will be notified of offers and commerce opportunities along their way, with which they can safely interact. Drivers may then pay for the order with their favorite digital wallet. It is even possible for drivers to pay for transactions using their loyalty rewards points at any of Sionic Mobile’s tens of thousands of merchant locations nationwide. This feature is an attractive value proposition for consumers, as an estimated $100-billion worth of such points are going unused, according to a 2017 Bond Loyalty Report.

Additionally, Telenav’s in-car hybrid-navigation solution will seamlessly integrate commerce capabilities within search, routing, mapping, and ETA sharing. This not only lets drivers more easily make purchases from the car, but also allows automotive OEMs to optimize their monetization via in-car commerce, while still offering their brand-unique user experiences to enhance customer loyalty. The companies’ combined technologies will help merchants serve their customers in a much more efficient and friendly manner, as they will know exactly when the customer will arrive to pick up their order and have it ready, eliminating the wait time needed to take orders and make payment. Drivers may also have the added advantage of earning and redeeming OEMs’ loyalty rewards, funded by merchants, during their in-vehicle payment experience.

“Our location-based connected-car advertising platform connects people and brands in a meaningful way,” stated HP Jin, president and CEO, Telenav. “By working with Sionic Mobile, we can help automotive OEMs further enhance their driver experience and at the same time generate new streams of revenue through in-car advertising and commerce. Together with Sionic Mobile, we are committed to providing drivers a safe, easy to use, and engaging experience while on the go.”

This strategic partnership also leverages the technology of Telenav’s Thinknear® division, which delivers location-based mobile advertisements to more than 100-million mobile consumers. Thinknear leverages its existing relationships with hundreds of national and regional brands, delivering an onboard, connected-car commerce and advertising platform. These relationships expand the ability of drivers to transact with their favorite brands and increases the monetization automotive OEMs can generate through this platform.

“Working closely with Telenav, a known global leader in connected car services, we are creating a simple, yet robust consumer experience that, we believe, will help further define the future of digital commerce in the automotive industry,” said Ronald Herman, CEO of Sionic Mobile. “The in-vehicle experience is evolving quickly. Today’s consumers want the same, or even better, convenience from their infotainment systems as they can get on their smartphones.”

Telenav’s alliance with Sionic Mobile strengthens its leadership position in offering automotive OEMs meaningful ways to monetize their infotainment systems through in-car advertising and commerce. This is important, as it allows automotive OEMs the opportunity to offer connected-car services to their customers at an affordable price or at no cost.

ABOUT TELENAV
Telenav (NASDAQ:TNAV) is a leading provider of connected car and location-based services, focused on transforming life on the go for people – before, during, and after every drive. Leveraging our location platform, global brands such as Ford, GM, Toyota, FCA, and AT&T deliver custom connected car and mobile experiences. Fortune 500 advertisers and local advertisers can now reach millions of users with our highly-targeted advertising platform. To learn more about how Telenav’s location platform powers personalized navigation, mapping, big data intelligence, social driving, and location-based ads, visit www.telenav.com.

Telenav and the “Telenav” logo are trademarks of Telenav, Inc. Unless otherwise noted, all other trademarks, service marks, and logos used in this press release are the trademarks, service marks or logos of their respective owners.

About Sionic Mobile
Midtown Atlanta-based Sionic Mobile connects millions of consumers through their vehicle dashboards, digital wallets and favorite mobile apps with brick-and-mortar and online merchants participating in the Mobile Rewards Marketplace – a digital loyalty co-op. Merchants deliver offers, perks and rewards to consumers and accept secure, mobile payments – including app partners’ loyalty currency as cash – at the point of sale. App partners include top-tier digital wallets and loyalty programs in automotive, travel and finance. The award-winning ION Commerce Engine® (ICE), GeoSense® iBeacon, and geofencing location technology drive more frequent app usage for partners, and increase foot traffic and incremental new revenue to merchants. Merchants pay a small marketing fee when customers interact with their brand through vehicle dashboards or pay with their mobile apps.

Sionic Mobile and FreedomPay Announce Strategic Alliance from TRANSACT

BY: Business Wire Apr 18, 2018 7:15AM EDT

Source: Business Wire

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LAS VEGAS–Sionic Mobile, a leading provider of cloud-based connected commerce and loyalty currency gateway services and FreedomPay, a leader in secure commerce technology for lodging, gaming, retail, restaurants, stadiums and other hospitality merchants, today announced from the TRANSACT conference they have entered into a strategic alliance agreement to deliver an enhanced mobile payments and rewards experience, helping merchants quickly and securely connect and engage with millions of consumers through in-vehicle dashboards and preferred mobile apps.

“Commerce goes beyond simply processing a payment, but rather is about enabling a richer consumer experience,” said Bhavik Shah, Director, Business Development, FreedomPay. “Like FreedomPay, Sionic Mobile is focused on helping merchants engage mobile consumers by providing an exceptional user experience. Together, we’ll provide a seamless payment ecosystem for merchant operations, as well as a secure payment experience for app users.”

FreedomPay’s Advanced Commerce Platform will directly integrate with Sionic Mobile’s award-winning ION Commerce Engine® (ICE) through a cloud-connected interface, for speedy and secure mobile transactions. The synthesis, by means of FreedomPay’s middleware, the FreeWay Commerce Connect (FCC), will facilitate a simplified point of sale integration of Sionic Mobile’s proprietary 3-digit code for mobile checkouts at merchants in the Mobile Rewards Marketplace®. Additionally, FreedomPay’s clients will gain access and visibility to mobile consumers in the Marketplace, where they’ll be able to accept mobile payments, deliver offers, perks, and rewards to those consumers, and accept their loyalty currency as cash at the point of sale.

Bob Burroughs, EVP of Product at Sionic Mobile, explained, “FreedomPay is recognized within the industry for its commitment to providing secure commerce technology that is designed to enhance the customer experience and streamline the payments process. Integrating our connected commerce platform enables FreedomPay to take this commitment to the next level, providing its clients direct access to millions of loyal consumers, boosting in-store traffic and driving incremental new sales.”

The integrated platforms will be available to customers in April 2018. To learn more, visit www.mobilerewardsmarketplace.com.

About Sionic Mobile
Midtown Atlanta-based Sionic Mobile, a cloud-based connected commerce company, reaches millions of consumers in their vehicles and through their favorite mobile apps. The Company operates the Mobile Rewards Marketplace® – a digital loyalty co-op where brick-and-mortar merchants deliver offers, perks and rewards to consumers and accept their loyalty currency as cash at the point of sale. App partners include top-tier loyalty programs in automotive, travel, mobile phone service and other channels. The award-winning ION Commerce Engine® (ICE) and Company-owned, GeoSense® iBeacon network drives more frequent app usage for partners and increases foot traffic and incremental new revenue to merchants. Merchants pay a small marketing fee when customers interact with vehicle dashboards or pay with their mobile apps. Visit www.SionicMobile.com.

About FreedomPay
The FreedomPay Commerce Platform is the best way for merchants to simplify complex payment environments. Validated by the PCI Security Standards Council for Point-to-Point Encryption (P2PE) along with EMV, NFC and DCC capabilities, global leaders in retail, hospitality, gaming, education, healthcare and financial services trust FreedomPay to deliver unmatched security and advanced value-added services on a global scale. With broad integrations across top point-of-sale, device manufacturers and payment processors, supported by rapid API adoption, FreedomPay is driving the future of commerce and customer interaction around the world. For more information, go to www.freedompay.com.

Contacts
For Sionic Mobile
Anna Stanley, 251-517-7857
anna@williammills.com
or
For FreedomPay
Rebecca Devine, 215-434-7191
freedompay@mavenagency.com

Sionic Mobile and Payscout Announce Strategic Alliance from TRANSACT

BY: Business Wire Apr 17, 2018 7:45 AM EDT

Source: Business Wire

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LAS VEGAS–Sionic Mobile, a leading provider of cloud-based connected commerce and loyalty currency gateway services and Payscout, one of the fastest-growing, privately held global payment processing providers in the world, today announced from the TRANSACT conference they have entered into a strategic alliance agreement to provide an enhanced mobile payments and loyalty solution helping merchants connect with and more effectively engage millions of consumers nationwide through their favorite mobile app.

Sionic Mobile’s award-winning ION Commerce Engine® (ICE) and Mobile Rewards Marketplace® will supplement Payscout’s innovative payment products, including Virtual Reality (VR) Commerce, a finalist for the Electronic Transactions Association (ETA) Star Award, “Technology Innovation of the Year,” which will be awarded during TRANSACT.

“Through the Sionic Mobile partner alliance, merchants will be able to quickly and easily deploy a sophisticated mobile strategy,” said Payscout’s Co-Founder and President, Manpreet Singh. “Building consumer loyalty in today’s increasingly competitive market is crucial to the future success of merchants. The Marketplace not only enables the convenience of mobile payments, but also delivers an exceptional end-user experience that attracts new customers, while encouraging repeat business.”

Ronald Herman, CEO and founder of Sionic Mobile, said, “Like Payscout, we are focused on providing innovative, yet intuitive commerce solutions that simplify and streamline the payments process, while providing a richer customer experience. Through this integration, Payscout’s merchants will be able to quickly and easily reach millions of consumers through an app already on their mobile device, providing innovative services to merchants of all sizes with little to no upfront investment.”

To learn more, visit www.mobilerewardsmarketplace.com.

About Sionic Mobile
Midtown Atlanta-based Sionic Mobile, a cloud-based connected commerce company, reaches millions of consumers in their vehicles and through their favorite mobile apps. The Company operates the Mobile Rewards Marketplace® – a digital loyalty co-op where brick-and-mortar merchants deliver offers, perks and rewards to consumers and accept their loyalty currency as cash at the point of sale. App partners include top-tier loyalty programs in automotive, travel, mobile phone service and other channels. The award-winning ION Commerce Engine® (ICE) and Company-owned, GeoSense® iBeacon network drives more frequent app usage for partners and increases foot traffic and incremental new revenue to merchants. Merchants pay a small marketing fee when customers interact with vehicle dashboards or pay with their mobile apps. Visit www.SionicMobile.com.

About Payscout
Covering six continents, Payscout is a global payment processing provider connecting merchants and consumers via credit, debit, ATM, and alternative payment networks. The company’s technology platform offers payment processing solutions for brick-and-mortar and ecommerce transactions, and gives merchants instant access to 100+ countries, billions of consumers and trillions of dollars. Payscout has earned acclaim as a new-generation provider of merchant banking services, specializing in online/ecommerce retailers with a predominant proportion of card-not-present (CNP) transactions, including frictionless payments within immersive virtual reality experiences. For more information visit https://www.payscout.com/

Contacts
For Sionic Mobile
Anna Stanley, 251-517-7857
anna@williammills.com

Sionic Mobile Announces Don Westcott as Chief Compliance Officer

BY: Business Wire Jan 24, 2018 10:34 AM

Source: Business Wire

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ATLANTA — Sionic Mobile, a cloud-based connected commerce provider, today announced Don Westcott has been named Chief Compliance Officer. With more than 20 years of experience, he will oversee and develop enterprise governance, risk, and regulatory compliance strategies, establish corporate standards ensuring programs are effective and efficient, as well as instituting growth strategies while identifying and remediating risk.

Westcott joins Sionic Mobile from electronic commerce and payment solutions provider, First Data Corporation, where he was Director of Regulatory Compliance. In this role he managed regulatory compliance affairs for new, high-risk, and complex market segments performing risk assessments and critical process monitoring as well as developing and executing regulatory programs. Additionally, Westcott has held leadership positions in highly regulated environments including casinos, most recently Caesars.

“This is an exciting time in the payments industry and Sionic Mobile is leading the charge, shaping the industry with their innovative approach to connected commerce,” said Westcott. “I am proud to join such a talented team of entrepreneurs that continue to push the industry forward. Sionic Mobile offers consumers and merchants an evolutionary experience with its Mobile Rewards Marketplace® and connected car technology. While at First Data I had firsthand experience overseeing complex and emerging markets and this experience will prove vital in ensuring Sionic Mobile’s future success.”

While at First Data, Westcott developed, enhanced, and administered companywide policies, programs, and controls in a variety of areas including compliance oversight and sales order to product implementation. He earned his Associates of Applied Science in Paralegal Studies from Kaplan University.

Ronald Herman, CEO of Sionic Mobile, said, “Don’s extensive industry experience and excellent track record make him a valuable addition to the Sionic Mobile executive team. We are pleased to welcome him to Sionic Mobile and know he will play a pivotal role in this next phase of the company’s evolution.”

About Sionic Mobile
Midtown Atlanta-based Sionic Mobile, a cloud-based connected commerce company, reaches millions of consumers through their vehicle dashboards and through their favorite mobile apps. The Company operates the Mobile Rewards Marketplace® – a digital loyalty co-op where brick-and-mortar merchants deliver offers, perks and rewards to consumers and accept their loyalty currency as cash at the point of sale. App partners include top-tier loyalty programs in automotive, travel, mobile phone service and other channels. The award-winning ION Commerce Engine® (ICE) and Company-owned, GeoSense® iBeacon network drives more frequent app usage for partners and increases foot traffic and incremental new revenue to merchants. Merchants pay a small marketing fee when customers pay with their mobile apps. Visit www.SionicMobile.com.

Contacts
For Sionic Mobile
Anna Stanley, 678-781-3072
anna@williammills.com

CES 2018 – JANUARY 9-12 – LAS VEGAS, NV


BY: Sionic Mobile JANUARY 9-12, 2018

Source: Sionic Mobile

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CES is the world’s gathering place for all those who thrive on the business of consumer technologies. It has served as the proving ground for innovators and breakthrough technologies for 50 years — the global stage where next-generation innovations are introduced to the marketplace. Owned and produced by the Consumer Technology Association (CTA), it attracts the world’s business leaders and pioneering thinkers.

Register Now

NORTH AMERICAN BITCOIN CONFERENCE – JANUARY 18-19, 2018 – MIAMI, FL


BY: Sionic Mobile JAN 18-19, 2018

Source: Sionic Mobile

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As January draws near, and the crypto space continues to explode, Keynote invites you to join us at the most important blockchain conference of the year, The North American Bitcoin Conference, a part of World Blockchain Forum: Investments & ICOs, taking place in Miami on January 18th and 19th 2018. The success of our 2017 conferences have brought together all the major players of the industry, launched some hugely successful businesses, and proven that the world of ICOs is growing exponentially.

Buy Tickets

ATMIA USA’s ANNUAL CONFERENCE & EXPO – FEBRUARY 6-8, 2018 – LAS VEGAS, NV


BY: Sionic Mobile FEB 6-8, 2018

Source: Sionic Mobile

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ATMIA USA’s annual conference and expo is the largest ATM-focused event in the world. Make plans now to attend the 2018 conference in exciting Las Vegas!

The theme for this next ATMIA USA conference is: Innovate and Succeed: the Next Decade for ATMs.

Register Now

FINOVATE EUROPE 2018 – MARCH 6-9, 2018 – LONDON, UK


BY: Sionic Mobile MAR 6-9, 2018

Source: Sionic Mobile

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See cutting-edge banking, financial and payments technology in a unique, short-form, demo format. Plus new for 2018….after the 70+ demos, get advice and insights from another 100+ fintech experts in a newly expanded programme. All taking place in a larger venue to accommodate increased demand.

Book Now

PAYMENTS SUMMIT 2018 – MARCH 26-29, 2018 – ORLANDO, FL


BY: Sionic Mobile MAR 26-29, 2018

Source: Sionic Mobile

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The Payments Summit is the premier industry event covering all things payments, including FinTech, EMV chip technology, mobile wallets, NFC, contactless, open transit systems and more. Attend the 11th annual Payments Summit and get the latest on all of these exciting technologies and the many business opportunities they can unlock.

2018 will mark the third time that the Secure Technology Alliance and the International Card Manufacturing Association (ICMA) are co-locating events, giving attendees a broader perspective from the core manufacturing and personalization of a card, to the rapid evolution in secure payments. 2018 also brings together membership from the U.S. Payments Forum, resulting in the most comprehensive gathering of card and payments professionals than ever before!

Register Now