Industry leaders demo an easier way for merchants to propose and consumers to accept real-time offers
This week, Verifone and MasterCard provide Las Vegas taxi cab passengers with card-linked offers. The program runs from November 2-6 in conjunction with Money 20/20, a leading global event for innovations in money.
Verifone and MasterCard collaborated on this campaign designed to demonstrate the power of point of sale for digital offers that are easy for merchants to propose and simple for consumers to accept and redeem.
How Card-Linked Offers Work:
For Consumers
Targeted offers from merchants, in this case The Hard Rock Café on the Vegas strip, the Bali Hai and Royal Links golf courses and Dream Racing at the Las Vegas Motor Speedway, are displayed to taxi passengers on VNET–Taxi TV screens integrated with Verifone payment terminals. Offers can be selected and “clipped” (attached to the passenger’s MasterCard card) by:
Debit cards can be used for offers provided cardholders select the ‘signature,’ rather than PIN transaction option. Apple Pay may also be used provided the cab and merchant terminals have been enabled for Apple Pay.
To redeem the offers, consumers simply use the linked card or device to pay at the selected merchants. Text messages immediately confirm the redemptions, and credits appear on card statements within days.
For Merchants
The platform requires no point-of-sale or technical integration. All transaction monitoring, redemption tracking and credit issuance is enabled utilizing card linked services powered by the MasterCard Rewards & Offers Platform.
“Card-linked offers create immediate value for cardholders,” said Michael Cyr, executive vice president, U.S. market development, MasterCard. “The collaboration with Verifone demonstrates the potential for point of sale to deliver offers in ways that are amazing for consumers and simple for merchants.”
“We know that offers can help merchants and retailers drive behavior with trackable and measurable results,” said Vin D’Agostino, senior vice president, Global Commerce Enablement, Verifone. “The card-linked offers application, part of Verifone’s commerce platform, leverages Verifone’s growing network of connected terminals to deliver real value to clients without requiring technology investment on their end.”
On display at Money 20/20
Verifone CEO Paul Galant will demonstrate this new program during his keynote at Money 20/20, at 9:20 a.m. PT on Tuesday, November 4th. A demonstration can also be seen in the Verifone (#717) booth.
About MasterCard
MasterCard, is a technology company in the global payments industry. We operate the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. For more information, visit www.mastercard.com.
About Verifone
Verifone is transforming everyday transactions into opportunities for connected commerce. We’re connecting more than 26 million payment devices to the cloud—merging the online and in-store shopping experience and creating the next generation of digital engagement between merchants and consumers. We are built on a 30-year history of uncompromised security. Our people are known as trusted experts that work with our clients and partners, helping to solve their most complex payments challenges. We have clients and partners in more than 150 countries, including the world’s best-known retail brands, financial institutions and payment providers.
SOURCE: Verifone
