Page 29 - GS210302

NewProducts
NewProducts

Bank-managed, data-driven contactless payments

their merchant customers. This results in a seamless pay-
ments system that is fast to activate, intuitive for merchants,
and easy for consumers to use.”

Soylu additionally noted that merchants appreciate the
ease of use and benefits of using XcooBee Merchant Servic-
es, which does not require customers to tap, touch or scan
products in the store. Customers can use the solution with-
cooBee, a payments and privacy solutions fin- out downloading an app or enrolling in the program, he
tech, launched XcooBee Merchant Services, a emphasized. The platform can help merchants improve the
technology platform that combines data and guest experience by offering a frictionless way to pay along
X contactless checkouts into frictionless servic- with the confidence that their privacy and information are
es for financial institutions (FIs) and their merchants. secure, he added.
Designed to simplify PCI compliance, the solution can be Channel partner benefits
instantly activated, according to company representatives.
Processor-agnostic, XcooBee can work with multiple pay-
“Our goal at XcooBee is to provide a safer POS environment ment processors. The free, innovative tool can be used by
for merchants and consumers while helping restaurants, banks and their sales channel partners, ISOs and merchant
small retailers and banks reduce costs, increase returns level salespeople, Soylu stated, adding that its competitive
and improve security,” said Bilal Soylu, founder of Xcoo- rates, hardware independence and “baked in” privacy com-
Bee. “We see a new POS experience for the future that al- pliance can help users boost conversion rates and attract
lows small business merchants the ability to conduct busi- and retain more merchant customers. In addition to sup-
ness faster, safer and more efficiently.” porting ecommerce and making integrations simple, the
XcooBee is designed to support organic and acquisitional
Soylu further stated that XcooBee combines best-in-class growth, he said.
Asian payments solutions with European privacy technolo-
gy to deliver an affordable payments experience that works Growing demand for contactless commerce gives banks a
globally. Unlike other companies, XcooBee has the unique rare opportunity to lead the way with a flexible platform
advantage of focusing on both payments and consent, he that drives consumer confidence and enriches relation-
noted, adding that the platform supports contactless QR ships between merchants and banks, Soylu noted. Deploy-
codes and its secure, scalable architecture supports third- ing XcooBee Merchant Services is easy and affordable be-
party business process apps. cause the platform does not require extra hardware such as

No hardware needed NFC terminals or scanners, he stated.
XcooBee Merchant Services accounts bypass credit card The XcooBee Merchant Services system facilitates contact-
rails and integrate directly with a bank's mobile app, Soylu less checkouts from anywhere in a store, promoting clean
said. Banks, acingt as agents, get access to higher returns commerce and eliminating long checkout queues and de-
than those outsourcing merchant services functions. Par- pendence on expensive POS systems, Soylu stated. In addi-
ticipating FIs can grow market share and attract custom- tion, the solution can be white labeled to help build brand
ers while broadening appeal to new market segments, and awareness and trust. The platform's seamless in-store and
XcooBee partners can incentivize merchants and customers mobile payments capabilities can help banks reduce costs
with in-app offers and lower fee options, he added. and drive more revenue to their merchant customers, he
added.
XcooBee also provides business insights based on trans-
actional data to help merchants deepen customer relation-
ship and measure sales performance. The platform's mobile
checkout feature can improve the customer experience by
facilitating in-store checkouts from anywhere in a store. In Company: XcooBee
addition, consumers do not need to sign up, log in or down- Product: XcooBee Merchant Services
load an app to instantly participate in XcooBee features and
benefits, according to company representatives. Website: www.xcoobee.com
Contact: sales@xcoobee.com
“We’re giving banks a new tool to offer their merchants
speed and affordability," Soylu said. "We offer them the
chance to ensure safety and build consumer confidence in
29