QR Code driven payment systems
This was written by my friend, business partner and one of the greatest marketing/tech minds you’ve ever encountered, Riel Roussopoulos, founder and CEO of Scan2 Mobile.
One of the most successful integrated payment systems has quietly been launched by a decidedly not tech company, Starbucks
And it’s already processing millions of transactions per month.
There are several stories worth a read on Mashable, but I’ll save you the trouble. In short, Starbucks already had their loyalty card program with a stored value component. All they did was add QR codes to the cards and Voila .. a payment system driven by QR codes.
The thing I find the most interesting and applicable to our platform is how they were able to capitalize on existing loyalty members to quickly catapult their membership club into the mobile space.
This can be applied to other loyalty programs and best of all, using our system and particularly our social points, we can add social incentives to the list of things that you can earn reward points for in major chains.
So, sharing a link to an offer page for example, becomes something that they can earn points for evey time someone clicks on the link. Same with scanning codes, give them points for each new code they scan, each Facebook like they do or every comment they leave.
Now, using your existing rewards system create a conversion ratio where they can cash in their social points for your loyalty points that can be redeemed for merchandise. Good as having your own currency at that point, think of how social Facebook gets when there are incentives to share links with your friends.
If your company has an existing loyalty program, talk to us about leveraging it across your mobile