| How they describe themselves: Modo converts redemptions into payments, and makes payments mobile.
Modo allows people to redeem offers and pay for things at their favorite stores, using only their phone. When people check-in to Modo, they get instant access to offers, promotions, and deals from a wide variety of sources. When they checkout using Modo, everyone in the offer/deal value chain gets immediate verification and payment for the transaction. Plus, the consumer can use any card they want to fund their part of the purchase. The purchase information for payments using Modo improves the value of the next set of offers on both sides of the equation.
How they describe their product/innovation: We are demonstrating the ability to on-board a merchant for Modo, signup some especially great new users for Modo, and distribute an innovative offer to those super fine users, all in the space of 7 minutes. Oh, and we're also executing a mobile payment using Modo at a local establishment.
Key takeaways are the frictionless adoption with no special infrastructure requirements, the ease of use for merchants, brands, and consumers, and finally how transaction data creates useful information for all parties. Modo closes the loop on the promotion, purchase, payment cycle.
When we are done you’ll understand why we say:
Pay with Modo. Get more Modo.
Key Executives: Bruce Parker (CEO), Craig Minyard (CFO)
Key Advisory Board Members: Edward Woods (Principal, Mindful Insights), Michel Jacobs (EVP, Fidelity Information Services), Linda Mahy (CEO, ConnectiveIQ), Vic Cho (GM, Internet and Software Services, Kodak)
Contacts:
General: Bruce Parker, Chief Executive Officer, bruce@modopayments.com, 214-810-5196
Bus. Dev. & Sales: Walter Chen, Chief Revenue Officer, walter@modopayments.com, 214-558-6255
Press: Jon Buell, Chief Marketing Officer, jon@modopayments.com, 214-317-1878
|
