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Sionic Mobile and Payscout Announce Strategic Alliance from TRANSACT

Sionic Mobile, a leading provider of cloud-based connected commerce and loyalty currency gateway services and Payscout, one of the fastest-growing, privately held global payment processing providers in the world, today announced from the TRANSACT conference they have entered into a strategic alliance agreement to provide an enhanced mobile payments and loyalty solution helping merchants connect with and more effectively engage millions of consumers nationwide through their favorite mobile app.

Sionic Mobile’s award-winning ION Commerce Engine® (ICE) and Mobile Rewards Marketplace® will supplement Payscout’s innovative payment products, including Virtual Reality (VR) Commerce, a finalist for the Electronic Transactions Association (ETA) Star Award, “Technology Innovation of the Year,” which will be awarded during TRANSACT.

“Through the Sionic Mobile partner alliance, merchants will be able to quickly and easily deploy a sophisticated mobile strategy,” said Payscout’s Co-Founder and President, Manpreet Singh. “Building consumer loyalty in today’s increasingly competitive market is crucial to the future success of merchants. The Marketplace not only enables the convenience of mobile payments, but also delivers an exceptional end-user experience that attracts new customers, while encouraging repeat business.”

Ronald Herman, CEO and founder of Sionic Mobile, said, “Like Payscout, we are focused on providing innovative, yet intuitive commerce solutions that simplify and streamline the payments process, while providing a richer customer experience. Through this integration, Payscout’s merchants will be able to quickly and easily reach millions of consumers through an app already on their mobile device, providing innovative services to merchants of all sizes with little to no upfront investment.”

To learn more, visit www.mobilerewardsmarketplace.com.

About Sionic Mobile

Midtown Atlanta-based Sionic Mobile, a cloud-based connected commerce company, reaches millions of consumers in their vehicles and through their favorite mobile apps. The Company operates the Mobile Rewards Marketplace® - a digital loyalty co-op where brick-and-mortar merchants deliver offers, perks and rewards to consumers and accept their loyalty currency as cash at the point of sale. App partners include top-tier loyalty programs in automotive, travel, mobile phone service and other channels. The award-winning ION Commerce Engine® (ICE) and Company-owned, GeoSense® iBeacon network drives more frequent app usage for partners and increases foot traffic and incremental new revenue to merchants. Merchants pay a small marketing fee when customers interact with vehicle dashboards or pay with their mobile apps. Visit www.SionicMobile.com.

About Payscout

Covering six continents, Payscout is a global payment processing provider connecting merchants and consumers via credit, debit, ATM, and alternative payment networks. The company's technology platform offers payment processing solutions for brick-and-mortar and ecommerce transactions, and gives merchants instant access to 100+ countries, billions of consumers and trillions of dollars. Payscout has earned acclaim as a new-generation provider of merchant banking services, specializing in online/ecommerce retailers with a predominant proportion of card-not-present (CNP) transactions, including frictionless payments within immersive virtual reality experiences. For more information visit https://www.payscout.com/

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