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Mobile Payment for Hospitality

Mobile Payment for Hospitality. March 8, 2012 . Paul Fiore, CEO . Mobile Payment Questions. Swipe vs. Tap? Near field or Far field? New hardware for merchants or POS integration? Existing plastic networks or disruptive? Stored value or tap into existing accounts?

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Mobile Payment for Hospitality

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  1. Mobile Payment for Hospitality March 8, 2012 Paul Fiore, CEO

  2. Mobile Payment Questions • Swipe vs. Tap? • Near field or Far field? • New hardware for merchants or POS integration? • Existing plastic networks or disruptive? • Stored value or tap into existing accounts? • Credentials stored in cloud or on device? • Device technology chip, screen, other? • Mobile carrier dependent or not? • Smart phone based app or mobile enabled?

  3. Hospitality • Casinos • Hotels • Restaurants • Bars • Nightclubs • Stadiums

  4. Point of Sale (POS) is the Engine

  5. Venue Environment • POS drives the venue operations • Kitchen printers • Management reports • Merchant processing • Cash draw • Inventory • Accounting • Staff operations, labor

  6. Unique vs. Traditional Retail • Many servers share few touch-screen terminals • Payment acceptance terminal not always near customer • Laser scanners not generally in use • Pre authentication needed prior to close-out • Tip component • Need for consumer to review / validate tab • No ‘beep’ like at grocery or retail

  7. Our Tailored Solution • Integrated with POS systems • Leverage existing merchant processing systems • Extend fixed location touch screen payment terminal to every consumer with smartphone • Easy social media / check-in integration

  8. Tabbedout Approach • Swipe vs. Tap? Neither • Near field or Far field? • New hardware for merchants or POS integration? • Existing plastic networks or disruptive? Both • Stored value or tap into existing accounts? • Credentials stored in cloud or on device? • Device technology chip, screen, other? • Mobile carrier dependent or not? • Smart phone based app or mobile enabled?

  9. Tabbedout Solution

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