How they describe themselves: Loop invented the world’s first mobile wallet solution that allows consumers to securely store and organize all of their plastic cards (payment, gift, loyalty, ID & membership cards) and pay with Loop enabled devices (smart accessories, smartphones & smart watches) virtually everywhere. Based in Boston, MA, Loop’s patented Magnetic Secure Transmission technology turns existing mag stripe readers into mobile payment readers without any changes by the merchants or their payment processors. Loop provides not only breakthrough convenience to pay with mobile, but also the highest level of payment security to protect consumer’s card data. Loop is a Level One PCI Certified Payment Provider.
How they describe their product/innovation: Today, consumers’ wallets are stuffed with payment, gift, loyalty, membership, IDs, insurance cards and more. The LoopWallet app allows consumers to securely scan, store and organize all their cards and use them to pay with their Loop-enabled smartphone or smart accessories nearly everywhere credit cards are accepted.
Loop is demoing its LoopWallet app for iOS and Android smartphones and various AppCessories. By replicating the app set-up and retail transaction, the demonstration shows how Loop helps consumers minimize the amount of plastic they carry with them and how the LoopWallet app helps them organize their wallet quickly, securely and conveniently.
Product Distribution Strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions
Bus. Dev.: Damien Balsan, firstname.lastname@example.org, 617-331-0755
Press: Greg Ewald, email@example.com, 408-888-4000 & Nicole Messier-Marino,
PAN Communications, firstname.lastname@example.org, 617-502-4333
Sales: Gregory A. Lewis, President, email@example.com, 678-641-6074