WALLET PASS LOYALTY LAUNCH WELL TIMED WITH CONTINUED GLOBAL GROWTH OF MOBILE WALLET USE WITH APPLE AND GOOGLE PAY As we believe the Mobile Wallet is the way of the future for the retail customer experience, we are now very excited to provide a new digital loyalty and rewards member card and the truly first-of-a-kind personalized experience for our liquor retail and hospitality customers, by way of the mobile wallet.” As Barnet is a forward-thinking technology provider of leading-edge retail services, we are very proud and excited to have integrated our solution with Fobi and now go live to our entire existing customer base. It is truly remarkable to see how their diverse retail technology is able to move so quickly in efforts to solve fundamental problems, yet also transform with leading edge technology such as the mobile Wallet pass technology. Nick Ricci, President of Barnet Technologies stated, “It has been a great collaboration working with the team at Fobi AI. The powerful Fobi Hub backend enables retailers to deliver real-time personalized marketing and promotions directly to the mobile wallet pass, based on each individual shopper’s past purchase history. In addition to the Fobi wallet pass technology, Bevy Pass will also feature Fobi’s PassPro Hub portal which is an AI powered shopper data intelligence platform. The retailer can also use geofencing to push a notification to their customer’s lock screen when they are near the store, encouraging them to come in and redeem their points. This is a significant enhancement of the current in-store retail customer experience, and digital wallets are much more secure than physical wallets thanks to encrypted transactions and biometric protection, as described in this recent article.
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Using Fobi’s new digital Wallet pass solution, the customer simply shows the QR code on the digital member card, the cashier scans it and the points are automatically credited to or deducted from the customer’s loyalty account. Currently, an end-user who is part of an existing retailer loyalty program who wants to collect or redeem points at a physical liquor retailer through the Barnet POS system needs to provide their name and cell phone number to the cashier, which is personally identifiable information that they must share publicly, and which the cashier needs to input correctly. Fobi will generate revenue through a one-time set up and onboarding fee as well as a monthly SAAS model.ĭigital Wallet passes from participating retailers provide easy and immediate access for customers to their loyalty points, stored value credits, e-gift cards or stamp card functionality. Furthermore, retailers can promote new signups and acquire new customers through their social media, advertising, in store digital signage and printed QR codes.
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Customers will then simply accept the terms and conditions by selecting “add to wallet,” which will simply and easily add the new digital loyalty pass into their mobile wallet which comes pre-installed on all iOS and Android phones worldwide. Retailers will push an onboarding link by way of email or text through their Barnet POS or other CRM system to their current customers.
Following the company’s previous strategic partnership announcement with Barnet Technologies on February 3 rd, 2022, and as a result of the successful integration with Barnet POS, Fobi and Barnet now support an all-new “one-tap” digital loyalty membership program powered by the mobile wallet. VANCOUVER, B.C., J(GLOBE NEWSWIRE) - Fobi AI Inc. (FOBI: TSXV FOBIF: OTCQB) (the “Company” or “FOBI”), a leader in providing real-time data analytics through artificial intelligence to drive operational efficiencies and profitability, are pleased to announce a new level to their partnership with Barnet Technologies.
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