ELIMINATING PAPER RECEIPTS FOR GOOD
MEET THE FOUNDERS PAUL WEINGARTH SPIRO ROKOS MIKE BOYD
THE PROBLEM...
THE GEORGE CASTANZA PROBLEM
OUR MISSION Turn the END of every transaction...
RECEIPTS RE-IMAGINED …into the START of a meaningful relationship! BANKING APP AUTO REMINDERS RICH RECEIPT INFO TARGETTED OFFERS RATINGS/FEEDBACK
HOW DOES IT WORK? MY BANK Your receipt and offer is now available to view BANK RETAILER+ POS CUSTOMER DATA EXCHANGE BANK NOTIFICATION SMART RECEIPT CLOSES THE LOOP
THE VALUE EXCHANGE … Page 2 MERCHANT - Knows WHAT is purchased BANK - Knows WHO is buying
UNLOCKING A NEW WORLD OF DATA FOR RETAILERS MERCHANTS CAN TRACK CUSTOMER INSIGHTS: Unique identifier Age range Gender Postcode
ACTIONABLE DATA IS WHAT THEY WANT Configure offers / rewards / ratings: Product purchased Age Gender Postcode Frequency
Slide - 11 EVERYBODY WINS USER Making life easier, save them money BANK MERCHANT Increase customer relevance Unlock a new channel to identify past the payment and engage customers
WHY NOW? Disruption... … is not on the horizon. Its happening NOW! BANKS are being disintermediated RETAILERS are under threat from online Connecting meaningfully with consumers is an IMPERATIVE for merchants and banks
WHY PING DATA? By being truly agnostic, PingData can deliver scale through “one to many” integrations.. CUSTOMER BANK MERCHANT This turbo charges the network effect.. P
GLOBAL STANDARD A GLOBAL STANDARD &
THE ROAD AHEAD… Pilot with major Australian retailer and $10M Series A round Third Bank live bank (coverage of 12m app users/customers) May 2019 October 2018 November 2019 October 2019 February 2019 Second of large Bank live Launch with initial banking partner and top 5 retailers (coverage of 7m app users/customers) (3m App users) P PINGr eceipt™
THE OPPORTUNITY 300 BILLION TRANSACTIONS EACH YEAR
THANK YOU PAUL@PINGDATA.IO
PROOF OF CONCEPT – TIER ONE BANK END 2017 SCOPE QUANTATIVE FEEDBACK QUALITATIVE FEEDBACK 0 10 “ SEAMLESS from a customer perspective” Over 40 (very negative) (very positive) “I LOVE IT” participants... “EASY to use and very VALUABLE features” YOUR OVERALL EXPERIENCE “Overall a GREAT EXPERIENCE ” … across 6 YOUR LIKELIHOOD “GAME CHANGING” weeks with … TO USE “Amazingly SIMPLE ” 222222222222222 RATE OFFERS 222222222222222 FEATURE “GREAT for our customers” 222222222222222 222222222222222 … over 500 222222222222222 222222222222222 transactions 222222222222222 222222222222222 RATE EASE OF USE 222222222222222 222222222222222 222222222222222 222222222222222 P PINGr eceipt™
PINGreceipt: POS feed to MYOB via banking app Customer links their MYOB account to their mobile banking account Customer pays as normal with bank card at participating merchants (or they can scan into their banking app) Ping match receipt to customer banking app (our core product) and then receipt data feeds through to the linked MYOB account Receipt delivered into MYOB app and Backoffice in near real time
PING DATA: ENABLING CLOSED LOOP COMMERCE HOLISTIC PingData bring together ALL networks enabling the ecosystem to interact in a consolidated, closed loop network. MACRO Schemes provide network enabling inter- bank transactions MERCHANT CONSUMERS MICRO Banks each have their own direct merchant and consumer relationships -> market fragmentation. P PINGr eceipt™
PINGscan: Ubiquitous solution from day one with an ‘instant’ receipt scanning solution An instant scan with 85%+ accuracy. Our SDK uses Machine Learning on device, in real-time so users can quickly edit any errors if detected. 1 2 3 4 Scan paper receipt Digitised within 1-2 Digitised receipt and original Automatically “MATCH inside MYOB app powered seconds! Includes: image of paper receipt saved RECEIPT” to bank feed by PINGscan SDK MID, Date, Amount, SKU, to relevant transaction GST and more… MATCHED MATCH RECEIPT
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