Sionic Mobile and DoubleBeam Enter mCommerce Partnership Companies Cross-License Proprietary Technologies to Enhance Customers' Experiences

ATLANTA and PASADENA, Calif., April 18, 2013 /PRNewswire/ -- Sionic Mobile and DoubleBeam today announced a strategic alliance to cross-license and market certain proprietary technologies to enhance the customer experience.  Sionic Mobile will license and embed DoubleBeam's digital image capture and e-checking payments within its ION Rewards app for consumers and ION Loyalty® app for merchants.  DoubleBeam will integrate Sionic Mobile's ION mobile ads & rewards platform in its white label mobile wallet solution for retailers.

In an upcoming release of ION Rewards featuring DoubleBeam technology, consumers can quickly and easily setup an e-checking account as a form of payment in addition to a linked debit/credit card or Dwolla account.  Users simply snap a photo of a check and their driver's license using a smartphone or tablet camera to link a bank account. 

"DoubleBeam's e-checking mobile payment technology is a perfect fit for the ION Rewards consumer app and nicely complements our current use of Zipmark's digital checks for daily merchant payments," said Paul Provenzano, VP Strategy & Development for Sionic Mobile.  "We're always looking for ways to cut costs for our merchants and make it easy for ION Rewards app users to get paid more for paying with their phones."

Retailers using DoubleBeam's mobile wallet solution will soon have the option to present day/time and location-based ads to their mobile app customers and all ION Rewards app users within spending distance.  ION mobile ads are free to the retailer and include bonus incentives for mobile customers to stop and spend. Customers earn 1% of their purchases in IONs instantly at checkout.  IONs are spent like cash on anything at any time at any ION merchant.

Ted Tekippe, CEO, DoubleBeam said "We are excited to be joining Sionic Mobile in this period of rapid growth for ION Rewards and look forward to offering our retailers the added benefit of free mobile ads and instant, digital rewards to enhance their mobile customer experience."

About Sionic Mobile
Sionic Mobile is the maker and provider of ION -- a fully digital mCommerce platform connecting merchants with nearby consumers via mobile ads, payments and rewards.  ION Rewards™ pays consumers to pay with their phones and rewards them for buying merchant-advertised items, connecting with friends and referring their favorite places.  ION Loyalty® increases high-margin sales for food & beverage, retail and service providers. The apps connect securely in the cloud for immediate and effortless checkouts.  Both apps are free and support iOS and most Android devices.

About DoubleBeam
DoubleBeam is a white-labeled mobile wallet solution for retailers. Through e-checking and data capturing, DoubleBeam allows retailers to see huge savings on transaction fees, increased marketing ROI and enriched customer engagement. Additionally, because DoubleBeam operates in a secure cloud-based environment, the solution is easily integrated into a retailers current POS system. DoubleBeam is located in Pasadena, California.

SOURCE DoubleBeam



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