Modo takes monetary value from just about any source, and can deliver it to just about any destination.
And the cool part is that the way the COIN works, none of the new digital stuff has to worry about how the old payments systems work.The COIN is realtime, good funds, and always in balance. And is incredibly fun at parties.
The COIN is being used today for
– Connecting givers and receivers of gifts
– Connecting loyalty account holders to their points
– Connecting online checkout solutions to online merchants
– Connecting shoppers to offers and loyalty in stores
Modo is serving a major issuer of reward/loyalty points by using its unique digital payments hub technology to enable consumers to redeem rewards across a wide array of redemption options. Modo powers the points wallet that gives accountholders the ability to combine points earned in one loyalty program with gifts, offers and their preferred payment tender to enable real-time redemption at the point of sale. This ability to combine multiple forms of tender with reward points enables faster consumer reward redemption – a key factor in driving long-term engagement with a reward program.
Modo is also partnering with a major US financial services company to connect its disbursement division with a global network of online and other digital payment networks such as Paypal, Alipay, Tenpay, etc. Modo enables this customer to send money to virtually any foreign endpoint without having to manage complex interfaces to the requisite payment networks. Truly a ‘container for global payments’, the Modo platform simplifies the nontrivial world of international payments.
Currently, a major global payments firm is utilizing Modo to provide a common interface into eCommerce check-out platforms across a broad range of merchants. Modo minimizes the integration effort needed to support any online check-out scenario without requiring the merchant to modify their eCommerce or payment processing platform.