Modo surprised and delighted the audience at the Money 20/20 Launchpad360 when founder and CEO Bruce Parker threw down the gauntlet, providing a once-in-a-lifetime opportunity for the industry.
“I am thrilled to announce our challenge to the industry. We’d like you to build a beautiful buying experience, so we are putting some skin in the game. Bring us your idea for a beautiful buying experience. If it’s designed like Apple, and frictionless like Uber, we’ll build it for you and get it out into the app stores. Then you can start earning your percentage of the 12 cents of every sales dollar that passes through your app.”
The mobile payments community agrees that beautiful experiences that create customer value drive mainstream mobile payments adoption. “Let’s solve this problem together. We have the platform and some ideas to inspire you, but ultimately you know your customers better than anyone else,” said Bruce.
About ModoPayments LLC- Modo is a payments platform built for mobile. Modo enables banks, retailers, and developers to build beautiful buying experiences*. Everyone is looking for more sales, transactions, or inspirational moments with consumers. Modo’s handcrafted API provides access to a next generation mobile payments platform that enables in-store purchases at tens of thousands of store locations. Modo powers the payments, and you create the experience.
How it works- Modo fuses payments such as credit cards and bank accounts, together with loyalty, offers, gifts and rewards and then delivers a one time use digital card number. Modo supports all mobile payment presentment methods, including NFC, Bluetooth (BLE), and optical scanners. For those retail environments with only swipe, the one time use digital payment card can be used for the transaction.