The brick and mortar retail space is still functional today, but it is not necessary. A business can be created without manufacturing or warehousing anything and still be very successful. The collaboration between Looped in, a geolocation based mobile payment app and digital wallet provider, and Sneakerbox a mobile retail truck sounds like a perfect marriage. They will begin this union with a national tour, where the first leg of the tour is going to kick of today in Brooklyn, NY at the Revolution (News - Alert) event.
Looped in is one of the easiest and most convenient tools currently in the market for mobile payments. Once you download the free app onto an Android (News - Alert) or iPhone you can load money into it from your bank account or credit card. The application allows you to make payments to merchants and send money to anyone in the US for free in less than 10 seconds. The app has additional tools for sending, pooling and making collective purchases with your family, friends and co-workers.
Once the tour gets going both companies will be part of ‘The Revolution Will Not Be Televised’ mobile payment for mobile trucks tour. The tour will go to college campuses, skate parks and sneaker retailers in different cities across the country.
The idea for Sneakerbox is the brainchild of two former Nike employees, Tiffany Crews and Angela Schipano. Choosing a truck instead of a brick and mortar store gave them a better way to reach their customers. The owners had a good idea and great products, but the payment system was not always ideal. By choosing Looped in as the only form of payment gave them a safer alternative than cash and a cheaper method than credit or debit card processing.
"When it comes to the entire mobile revolution, for all trucks, food and retail, and control for consumer for all purchases, the looped in™ pay by phone app is the best option on the market. looped in™ is second generation mobile pay and is truly ready for prime time. For our tour, looped in and Sneakerboxgo together like peanut butter and jelly. Who wants to deal with cash in the mobile business? No one; Looped in™ makes it simple, much safer, and so much less expensive than accepting cards or using other mobile card processors," said Angela Schipano, co-owner of Sneakerbox.
The process is as easy as texting, and since there is no personal or financial information stored in the app, it is completely safe. Merchants can use the app on any computer, which integrates with Point of Sale (POS) systems with encrypted systems to ensure the protection of the customer. The app is available at Google Play and the App Store.
This payment system is the next evolution of commerce replacing cash and credit cards at POS transactions, where they are increasingly becoming an inconvenience for the merchant and consumer.
Edited by Ashley Caputo
Back to Mobile Commerce Insider Home