- Details
- Category: Mobile News
Jan. 31, 2019
Clear, a provider of biometric security technology, secured a round of financing led by funds advised by T Rowe Price Associates Inc., as well as Revolution Growth, which will be used, in part, to help a major expansion at airports and sports venues for both clearance and payment, according to a spokesman.
Details of the investment were not disclosed.
"We have aggressive plans to expand in new airports, venues and verticals this year, and this investment will help accelerate these efforts," said Clear spokesperson Adam Grossberg in an email.
Clear uses technology, including fingerprint or eye scans, to identify users and help them get secure access through airport security, sports arenas and other venues.
"We believe Clear could be a much larger company," said Henry Ellenbogen, portfolio manager of the T. Rowe Price New Horizon's Fund, in a press release. "It is building a world-class company and brand and we are excited about their continued expansion in new airports, sports venues and other verticals."
Over the past year, the company has entered several partnerships to secure rental cars at Hertz, test biometrics as a replacement for paper or e-tickets with Major League Baseball and Tickets.com and allow Seattle Mariners and Seahawks fans to pay for food and drinks and confirm legal age by tapping a finger at the point of sale, according to the release.
The New York Mets were the first MLB team to launch the ticketing technology in September, and a major rollout is planned at other league stadiums, according to Grossberg. Clear was also integrated into the MLB Ballpark mobile app, so the mobile ticket can be presented to ushers to help find a seat, he said.
Following the successful pilot, Clear will roll out its technology at additional baseball stadiums this year, according to the release.
Topics: Financial News, Mobile Apps, Mobile Payments, Security, Technology Providers
Companies: Clear
Sponsored Links:
Related Content
Latest Content
- Details
- Category: Mobile News
Jan. 31, 2019
Ritual, a mobile app for food pickup, is expanding into the U.K. and Australia as well as multiple European countries.
"We are exploring a number of major cities in Europe and primarily focused on high density, office building-centric areas where we have found that consumers in these areas are looking for more grab-and-go type options at a lower to mid-range price point," said Ray Ready, co-founder and CEO of Ritual, in an email interview.
The company said it will grow its U.S. base, where it has operated since 2017, into 40 cities by the end of 2019 and triple its restaurant presence by year's end.
The company, founded in 2014, operates in about 16 cities in North America, U.K. and Australia, including London and Sydney respectively. Among the North American cities set for expansion are Vancouver, Montreal, New Orleans, Miami, Nashville, San Diego and others.
To celebrate the launches the company will hold Ritual Food Festivals, which will allow take-out restaurant partners to provide food samples at a discounted price.
Topics: Loyalty Programs, Mobile Apps, Mobile/Digital Wallet, Region: APAC, Region: EMEA, Restaurants
Companies: Ritual
Sponsored Links:
Related Content
Latest Content
- Details
- Category: Mobile News
Jan. 31, 2019
A Juniper Research report warns that the window for mobile pay services, like Apple Pay and Google Pay, is closing fast, as just 14 percent of U.S. consumers use OEM-pay services, defined as payment services provided by smartphone vendors.
The report, which examines U.S. and U.K., consumer attitudes on contactless payment, mobile banking and mobile commerce, states future growth of mobile wallet services is threatened by increasing deployment of contactless credit and debit cards from banks like JP Morgan Chase, which recently announced plans to issue contactless cards.
"Over the longer term, we would expect that if the U.S. embraces contactless cards, that mobile-based contactless payment usage would probably slow, but not fade away entirely," study author James Moar told Mobile Payments Today via email. "In the U.K., a market with a well established contactless card ecosystem, we are still seeing growth for these platforms."
He said the use of these platforms would be situational, as almost none of the U.K. survey respondents use OEM pay services exclusively.
"Mobile payment services will not be able to match the pure convenience of contactless cards, and so providers need to be aware of the areas where they are used in preference to contactless card payments, and focus on providing benefits in those situations," he said. "OEM pay needs to be ready to share the contactless ecosystem, rather than control it."
The U.S. portion of the report is based on survey questions for 513 U.S. consumers during the month of December.
Topics: Contactless / NFC, Mobile Banking, Mobile/Digital Wallet, Mobile Payments, Trends / Statistics
Companies: Juniper Research, Google Wallet, Apple, JP Morgan Chase Bank N.A.
Sponsored Links:
Related Content
Latest Content
- Details
- Category: Mobile News
Copyright © 2019 Networld Media Group, LLC. All rights reserved.Visit Other Networld Media Group Sites:Select a siteATM MarketplaceBlockchain Tech NewsDigital Signage TodayFastCasualFood Truck OperatorKiosk MarketplaceMobile Payments TodayPizza MarketplaceQSRwebRetail Customer ExperienceWorld of MoneyBank Customer Experience (BCX) SummitCONNECT Mobile Innovation SummitFast Casual Executive SummitInteractive Customer Experience (ICX) SummitRestaurant Franchising & Innovation Summit- Details
- Category: Mobile News
Hosted Services Video
Rapidly evolving banking technology, introduction of new age channels and aggressive competition require banks to make significant investments in infrastructure, technology, and inter-operable payment channels and resources.
More Articles …
Page 103 of 1447