How they describe themselves: DoubleBeam powers mCommerce. Our solutions help merchants by enabling low-cost payments inside mobile applications, speeding up customer signup, improving the customer experience, and streamlining operations.
How they describe their product/innovation: Our SDK for iOS and Android is an ingredient that runs inside other mCommerce applications. It links users’ bank accounts just by taking a picture of a blank check, then can store that information to process low-cost eChecks as a method of payment, saving merchants up to 80% off the cost of credit card interchange fees. It is being leveraged in pure mCommerce applications as a method to reload stored value accounts, and in brick and mortar retail apps where it also improves visibility into customer behavior for improved marketing ROI.
Product Distribution Strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, & licensed