Sionic Mobile and Customer Engagement Technologies (CET) have inked a partnership to provide mobile loyalty and instant universal rewards to the underbanked. PaySwag, a mobile app by CET that works on improving the payment experience for the underbanked, is integrating Sionic Mobile’s ION Commerce Engine (ICE) to enable the loading of cash into a mobile wallet, allowing app users to pay for purchases with their phones and instantly earn rewards via the Mobile Rewards Marketplace which includes more than 100,000 retail locations.
Additionally, the PaySwag-ICE integration will utilize credit and debit card processing through J.P. Morgan Chase.
Customer Engagement Technologies’ mobile application simplifies the collections process for underbanked consumers, businesses and governments by allowing cash or card payments and offering reward, education and feedback engines. PaySwag is integrated with more than 17,000 retail locations accepting cash payments for debts such as auto payments, medical bills and government fines.
By combining mobile access and alternative payment technology, the CET platform gives people the tools they need to make on-time payments and rewards them for doing so. Using mobile gamification to transform how the underbanked interact with lenders, municipalities and healthcare, PaySwag makes payments more accessible, rewarding, consistent and likely.
The Mobile Rewards Marketplace is comprised of large chain retailers and small businesses alike. It uses a secure cloud-based service on mobile devices or a merchant’s existing POS system, eliminating the need for new equipment. The Marketplace works alongside existing, standalone rewards programs. Marketplace merchants accept mobile payments that are safe, secure and processed by J.P. Morgan Chase.
Midtown Atlanta-based Sionic Mobile, a cloud-based mobile commerce company, provides white-label mobile pay and loyalty applications to partners and clients delivering rewards, savings and perks to millions of mobile consumers.
The award-winning ION Commerce Engine (ICE) and Company-owned, GeoSense iBeacon network drives greater adoption and more frequent app use for partners and merchants. The ICE platform features IBM Watson Analytics for partners and enterprise retailers.
The Company also operates the nation’s fastest growing Mobile Rewards Marketplace, comprised of large chain retailers and small businesses alike. Merchants pay a small fee when mobile customers pay with their app and the Company shares the fee with partners.
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