Overview
M-Dot Network’s software platform enables the real time redemption of digital coupon incentives via retail store point of sale (POS) systems with the security and compliance standards required by the financial transaction processing industry.
M-Dot Network software aggregates digital incentives from product manufacturers and coupon issuers directly to the Internet or mobile phone of consumers. Consumers redeem their offers by swiping their frequent shopper card or by entering their mobile phone number and unique 4-digit PIN number in the POS terminal when they check out. All offers related to the consumer are redeemed, cleared and reimbursed instantly. The Company’s solution is vital for the mobile coupon industry to gain scale and mass consumer adoption.
The M-Dot Network platform saves retailers, product manufacturers and consumers time and money by expediting the redemption of promotional offers at check-out, reducing marketing costs, and providing new consumer targeting opportunities.
M-Dot Network solves some key problems within the coupon industry:
- Waste of resources. Less than 1% of coupons are redeemed. It is a depletion of natural resources.
- Waste of time. Shoppers get impatient during check-out.
- Waste of money. Manual counting process. $500M fraud. Counterfeiting costs retailers and manufacturers millions of dollars every year.
M-Dot Network enables the coupon industry:
- A secure platform enabling stores to digitally redeem coupons.
- Leverages existing store infrastructure. No new hardware.
- A single point of integration needed by retailers to redeem coupons.
- Allows coupon issuers to integrate with our network. Immediate coupon supply.
- Provides a turn-key redemption and reimbursement solution.
- A green solution. Reduces the need for paper.
