TORONTO, Aug. 09, 2023 (GLOBE NEWSWIRE) — Quisitive Technology Solutions, Inc. (“Quisitive” or the “Company”) (TSXV: QUIS, OTCQX: QUISF), a premier Microsoft solutions provider and payments solutions provider, today announced the successful migration of its patented AgeChecker.Net to PayiQ’s payment processing, a significant milestone in its continued evolution of the PayiQ cloud-enabled payments platform.
With this transition, AgeChecker.Net will now process the monthly payments for over 700 customers using PayiQ’s cutting-edge payment solution. This development marks AgeChecker.Net as PayiQ’s inaugural live customer, utilizing PayiQ’s Visa and Mastercard authorization, clearance, and settlement services. AgeChecker.Net is a specialized solution for e-commerce age verification for credit and debit purchases and serves over 1,000 merchants.
Quisitive continues its collaboration with American Express (AMEX) and Discover to finalize additional certification processes and integrate with the four major card brands. The migration of AgeChecker.Net to PayiQ’s cloud-powered payment platform, together with impending partnerships with AMEX and Discover, validates the progress made towards enriching the digital customer experience—from real-time age verification to secure payment processing.
“Onboarding the first customer to the PayiQ platform is a major milestone in our continued journey to transform the payments landscape through cloud-enabled payment processing,” said Jana Schmidt, President of Quisitive Global Payments Solutions. “We are proud to introduce a new level of payments processing and innovation to AgeChecker.Net.”
“We are pleased to share that PayiQ has hit the significant milestone of onboarding its first merchant and processing live monthly payments for over 700 customers,” said Quisitive CEO Mike Reinhart. “This marks a critical step as we look to finalize card certifications with American Express and Discover, and subsequently increase payments volumes on the platform once completed. We look forward to building on this accomplishment as we progress through the latter half of 2023.”
About Quisitive:
Quisitive (TSXV: QUIS, OTCQX: QUISF) is a premier, global Microsoft partner that harnesses the Microsoft cloud platform and complementary technologies, including custom solutions and first-party offerings, to generate transformational impact for enterprise customers. Our Cloud Solutions business focuses on helping enterprises move, operate, and innovate in the three Microsoft clouds. Our Payments Solutions division, leverages the PayiQ platform powered by Microsoft Azure to transform the payment processing industry into an entirely new source of customer engagement and consumer value. Quisitive serves clients globally from seventeen employee hubs across the world. For more information, visit www.Quisitive.com and follow @BeQuisitive.
Quisitive Investor Contact
Matt Glover and John Yi
Gateway Group
[email protected]
949-574-3860
TORONTO, Nov. 01, 2022 (GLOBE NEWSWIRE) — Quisitive Technology Solutions, Inc. (“Quisitive” or the “Company”) (TSXV: QUIS, OTCQX: QUISF), a premier Microsoft solutions provider and payments solutions provider, announced it is rebranding its cloud-enabled payments solution platform, formerly known as LedgerPay, as PayiQ.
Quisitive has unveiled a new name and logo for its payment processing and Payments Intelligence™ platform. As the Company progresses towards full commercialization of the platform, the new brand identity defines PayiQ as a leading innovator in the payments space. The brand evokes intelligence and innovation, bringing to life the vision for Quisitive’s cloud-enabled payments solution.
Simultaneous with the brand launch, Quisitive has developed a new website pay-iq.com which details the platform’s value for merchants and resellers alike. PayiQ’s cloud-enabled architecture allows for greater value by developing and deploying innovative payments solutions that remove friction and enable unique data insights for consumer engagement.
Quisitive’s merchant services group, BankCard USA, is a critical component of the Quisitive Payments Solutions vision. The Company will integrate BankCard USA employees into the Quisitive umbrella as Quisitive team members. Following these integration efforts and slated for summer 2023, BankCard USA will then transition its go-to-market service offerings to the PayiQ brand, completing the full suite of payments solutions delivered to the market under the PayiQ name.
Jana Schmidt, President of Quisitive Global Payments Solutions, said of the rebrand, “The transition to the PayiQ brand is well aligned to our go-to-market strategy and plans for acceleration in 2023. The name and the brand imagery evoke the energy this solution is bringing to the industry and is synergistic with the Quisitive brand.”
About Quisitive
Quisitive (TSXV: QUIS, OTCQX: QUISF) is a premier, global Microsoft partner that harnesses the Microsoft cloud platform and complementary technologies, including custom solutions and first-party offerings, to generate transformational impact for enterprise customers. Our Cloud Solutions business focuses on helping enterprises move, operate, and innovate in the three Microsoft clouds. Our Payments Solutions division leverages the PayiQ platform powered by Microsoft Azure to transform the payment processing industry into an entirely new source of customer engagement and consumer value. Quisitive serves clients globally from seventeen employee hubs across the world. For more information, visit www.Quisitive.com and follow @BeQuisitive.
Quisitive Investor Contact
Matt Glover and John Yi
Gateway Investor Relations
[email protected]
949-574-3860
Cautionary Note Regarding Forward Looking Information
This news release contains certain “forward‐looking information” and “forward‐looking statements” (collectively, “forward‐ looking statements”) within the meaning of applicable Canadian securities legislation regarding Quisitive and its business. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward‐looking statements. Forward‐ looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward‐looking statements. These forward-looking statements include, but are not limited to, statements relating to: the full commercialization and success of PayiQ, the integration of BankCard USA employees into Quisitive, and the transition of BankCard USA’s go-to-market service offerings to the PayiQ brand. The risks and uncertainties that may affect forward-looking statements, or the material factors or assumptions used to develop such forward-looking information, are described under the heading “Risks Factors” in the Company’s annual information form dated June 23, 2022, which are available under the Company’s issuer profile on SEDAR at www.sedar.com. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward-looking information, will prove to be accurate. The Company does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.
Neither the TSXV nor its regulation services provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
TORONTO, June 23, 2022 (GLOBE NEWSWIRE) — Quisitive Technology Solutions Inc. (“Quisitive” or the “Company”) (TSXV: QUIS, OTCQX: QUISF), a premier Microsoft solutions and payment solutions provider, today announced that it has officially received Visa certification to process credit and debit payments through its LedgerPay platform.
Quisitive has successfully completed the certification process for its LedgerPay direct payment processing platform on the Visa network. After finalizing the configuration and installation of Visa’s hardware in April 2022 and conducting joint certification tests, Quisitive is now approved to process transactions through Visa.
Following the successful closing of the Company’s United States bank sponsorship with The Bancorp, the Canadian bank sponsorship with Peoples Trust Company, as well as the previously announced Mastercard Certification, the completion of the Visa certification milestone expands the Company’s network and positions the Company to begin to onboard merchants to LedgerPay. The Company is in the process of completing additional certifications with American Express and Discover. Additionally, onboarding for customer one to the LedgerPay platform is currently underway and is expected to be completed in Q3, 2022.
“Today represents a key milestone by our LedgerPay team and takes us one step closer to commercial utilization of the LedgerPay platform and our innovative Payments Intelligence® solution,” said Quisitive CEO Mike Reinhart. “We continue to receive positive validation on our cloud-enabled platform and the unique value our payments-based data insights solution will provide to merchants. For the first time, retailers and restaurants will be able to instantly identify and engage their customers on a 1:1 basis to drive personalization at scale.”
About Quisitive:
Quisitive (TSXV: QUIS, OTCQX: QUISF) is a premier, global Microsoft partner that harnesses the Microsoft platform and complementary technologies, including custom solutions and first-party offerings, to generate transformational impact for enterprise customers. Our Cloud Solutions business focuses on helping enterprises move, operate, and innovate in the three Microsoft clouds. Centering on our LedgerPay product suite, our Payments Intelligence® solution leverages the Microsoft Azure cloud to transform the payment processing industry into an entirely new source of customer engagement and consumer value. Quisitive serves clients globally from seventeen employee hubs across the world. For more information, visit www.Quisitive.com and follow @BeQuisitive.
Quisitive Investor Contact
Matt Glover and John Yi
Gateway Investor Relations
[email protected]
949-574-3860
Tami Anders
Chief of Staff
[email protected]
Cautionary Note Regarding Forward Looking Information
This news release contains certain “forward‐looking information” and “forward‐looking statements” (collectively, “forward‐ looking statements”) within the meaning of applicable Canadian securities legislation regarding Quisitive and its business. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward‐looking statements. Forward‐ looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward‐looking statements. These forward-looking statements include, but are not limited to, statements relating to: internal business integrations, onboarding of pilot merchants, completion of additional certifications, expectations regarding go-to-market strategy and future success of the Company’s LedgerPay platform, growth prospects, projected milestones and timelines, and other anticipated benefits and impacts of the Visa certification.
The risks and uncertainties that may affect forward-looking statements, or the material factors or assumptions used to develop such forward-looking information, are described under the heading “Risks Factors” in the Company’s annual information form dated April 20, 2021, which are available under the Company’s issuer profile on SEDAR at www.sedar.com. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward-looking information, will prove to be accurate. The Company does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.
Neither the TSX Venture Exchange nor its Regulation Services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
TORONTO, March 30, 2022 (GLOBE NEWSWIRE) — Quisitive Technology Solutions, Inc. (“Quisitive” or the “Company”) (TSXV: QUIS, OTCQX:QUISF), a premier Microsoft solutions and payment solutions provider, today announced that it has officially received Mastercard certification to process credit and debit payments through its LedgerPay platform.
Quisitive has successfully completed the certification process for its LedgerPay direct payment processing platform on the Mastercard network. After finalizing the configuration and installation of Mastercard’s hardware in mid-February and conducting joint certification tests, Quisitive is now fully approved to process transactions through Mastercard.
Following the successful closing of the Company’s United States bank sponsorship with The Bancorp, and the recent Canadian bank sponsorship with Peoples Trust Company, the completion of this Mastercard certification milestone enables the company to begin onboarding merchants to LedgerPay. Quisitive expects to onboard an initial set of pilot merchants from Independent Sales Organizations (ISOs) and Independent Software Vendors (ISVs), including its own BankCard USA merchant portfolio, as well as merchants from Paytron, and DigiPro Payments. In parallel, the Company will continue the process of completing additional certifications with Visa, American Express, and Discover.
Quisitive is expecting to accelerate its go-to-market strategy once the pilot phase is completed, currently expected in Q3 of this year. This includes multichannel marketing and sales to ISOs and ISVs and direct sales to merchants. With the support of the Microsoft sales channel, Quisitive sales teams will begin promoting its payments solutions to ISVs leveraging Azure’s cloud capabilities, as well as targeting large US merchants that would benefit from its innovative Payments Intelligence® solution. This will be followed by an expansion into the Canadian market.
“We are extremely proud of the progress we have made from the launch of LedgerPay to this successful certification milestone by Mastercard,” said Quisitive CEO Mike Reinhart. “Our LedgerPay team has done an incredible job achieving this milestone and I am very thankful for their dedication and commitment. Between the capabilities of our direct sales team, the initial onboarding of BankCard USA’s merchant customers, and our partnership with Microsoft, LedgerPay is primed for success.”
About Quisitive:
Quisitive (TSXV: QUIS, OTCQX: QUISF) is a premier, global Microsoft partner that harnesses the Microsoft platform and complementary technologies, including custom solutions and first-party offerings, to generate transformational impact for enterprise customers. Our Cloud Solutions business focuses on helping enterprises move, operate, and innovate in the three Microsoft clouds. Centering on our LedgerPay product suite, our Payments Solutions business leverages the Microsoft Azure cloud to transform the payment processing industry into an entirely new source of customer engagement and consumer value. Quisitive serves clients globally from fifteen employee hubs across the world. For more information, visit www.Quisitive.com and follow @BeQuisitive.
Quisitive Investor Contact
Matt Glover and John Yi
Gateway Investor Relations
[email protected]
949-574-3860
Quisitive Management Contact
Mike Reinhart
President and Chief Executive Officer
[email protected]
949-574-3860
Tami Anders
Chief of Staff
[email protected]
Cautionary Note Regarding Forward Looking Information
This news release contains certain “forward‐looking information” and “forward‐looking statements” (collectively, “forward‐ looking statements”) within the meaning of applicable Canadian securities legislation regarding Quisitive and its business. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward‐looking statements. Forward‐ looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward‐looking statements. These forward-looking statements include, but are not limited to, statements relating to: onboarding of pilot merchants, completion of additional certifications, expectations regarding go-to-market strategy and future success of the Company’s LedgerPay platform, growth prospects, projected milestones and timelines, and other anticipated benefits and impacts of the Mastercard certification.
The risks and uncertainties that may affect forward-looking statements, or the material factors or assumptions used to develop such forward-looking information, are described under the heading “Risks Factors” in the Company’s annual information form dated August 20, 2021, which are available under the Company’s issuer profile on SEDAR at www.sedar.com. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward-looking information, will prove to be accurate. The Company does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.
Neither the TSX Venture Exchange nor its Regulation Services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
TORONTO, March 16, 2022 (GLOBE NEWSWIRE) — Quisitive Technology Solutions, Inc. (“Quisitive” or the “Company”) (TSXV: QUIS), a premier Microsoft solutions provider and payment solutions provider, executed a bank sponsorship agreement with Peoples Trust Company (“Peoples”), which will allow LedgerPay to process payments in Canada.
Peoples Trust, a Federally regulated Canadian financial institution, has been in the market for more than 35 years and is focused on providing tailored financial solutions with world class customer interactions. These solutions are what enable their clients, especially those in the fintech community, to provide services to Canadian customers. Over the years, the company expanded its product and service offerings, which now covers retail lending, deposit services, commercial mortgages, services and securitization, and payment solutions and card services.
Sponsor banks are members of credit and debit card associations that create the necessary links between payment processors, merchants, and credit and debit card companies to enable payment processing. Bank sponsorship is a critical partnership in each country for any payment processor and the partnership with Peoples represents another significant milestone on the pathway to the full commercialization of LedgerPay, a Quisitive product. Additionally, the process of attaining bank sponsorship includes extensive due diligence that has certified Quisitive’s financial status, business strategy, background checks, and more to ensure that Quisitive is a reputable payment processor and key participant in the global financial system. The achievement of bank sponsorship in Canada further validates the Company’s preparedness as it approaches the general availability of LedgerPay.
“We are thrilled to receive bank sponsorship from a well-respected and highly-regarded team in Peoples Trust,” said Quisitive CEO Mike Reinhart. “This marks a milestone achievement that adds the ability for Quisitive’s LedgerPay solution to process payments in both the United States and Canada. This accomplishment comes on the heels of receiving the necessary hardware for testing with Mastercard and the recent bolster of our executive team. We are experiencing strong progress and momentum as we continue our organic growth efforts within our payment solutions business.”
Howard Klein, President of Peoples Payments and Cards, part of Peoples Group, added, “Peoples Trust is excited to partner with Quisitive’s LedgerPay solution and we look forward to a long-term successful partnership in Canada.”
About Peoples Group:
Peoples Group has been providing tailored financial services to the Canadian marketplace for more than 35 years. Since 1985, our focus has been on exceptional customer service, solidly rooted in extensive product knowledge and experience. In the world of Canadian payments, Peoples Trust, part of Peoples Group, is a leading issuer of prepaid payment cards and an innovative merchant acquirer. We are an entrepreneurial organization that excels at customizing solutions to fit the needs of our clients. As a result, we have been recognized as a pioneer and innovator of prepaid cards in Canada, and an early adopter of payment solutions. We have partnered with many of Canada’s FinTechs, giving them the tools and guidance to help realize their success. For more information, please visit www.peoplesgroup.com
About Quisitive:
Quisitive (TSXV: QUIS) is a premier, global Microsoft partner that harnesses the Microsoft platform and complementary technologies, including custom solutions and first-party offerings, to generate transformational impact for enterprise customers. Our Cloud Solutions business focuses on helping enterprises move, operate, and innovate in the three Microsoft clouds. Centering on our LedgerPay product suite, our Payments Solutions business leverages the Microsoft Azure cloud to transform the payment processing industry into an entirely new source of customer engagement and consumer value. Quisitive serves clients globally from seventeen employee hubs across the world. For more information, visit www.Quisitive.com and follow @BeQuisitive.
Quisitive Investor Contact
Matt Glover and John Yi
Gateway Investor Relations
[email protected]
949-574-3860
Quisitive Management Contact
Mike Reinhart
President and Chief Executive Officer
[email protected]
949-574-3860
Tami Anders
Chief of Staff
[email protected]
Neither the TSXV nor its regulation services provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
TORONTO, June 28, 2021 (GLOBE NEWSWIRE) — Quisitive Technology Solutions Inc. (“Quisitive” or “the Company”) (TSXV: QUIS), a Microsoft Cloud Services and Payment Solutions Provider, has announced that it has successfully executed its previously announced letter of intent (“LOI”) with The Bancorp Bank, the wholly-owned subsidiary of The Bancorp, Inc. (NASDAQ: TBBK) to act as a sponsor for direct payment processing for Visa™, Mastercard™, and other major credit and debit card brands.
With over $6.2 billion in assets and over 600 employees around the nation, The Bancorp is a Delaware-based bank that services the unique needs of non-bank financial service companies, ranging from entrepreneurial start-ups to Fortune 500 companies. The Bancorp and its subsidiary, The Bancorp Bank (Member FDIC, Equal Housing Lender), has been repeatedly recognized by the Nilson Report as the Top Issuer of Prepaid Cards (US), a top merchant sponsor bank, and a top ACH originator. The Bancorp works with some of the most forward-thinking upstarts in financial services by providing consultancy, financial services, and technology that enable its clients to bring their business vision to fruition. Sponsor banks are members of credit and debit card associations that create the necessary links between payment processors, merchants, and credit and debit card companies to enable payment processing. Bank sponsorship is a critical partnership for any payment processor and represents a significant milestone on the pathway to the full commercialization of LedgerPay, a Quisitive product. Additionally, the process of attaining bank sponsorship includes extensive due diligence that has certified Quisitive’s financial status, business strategy, background checks, and more to ensure that Quisitive Payment Solutions is a reputable payment processor. The achievement of bank sponsorship validates the Company’s preparedness as it approaches the general availability of LedgerPay.
“Successfully receiving bank sponsorship from a well-respected and highly-accredited organization such as The Bancorp, is an absolutely vital component that provides LedgerPay with direct payment processing capabilities with the major credit and debit card brands,” said Quisitive CEO Mike Reinhart. “The Bancorp brings to the table a team of seasoned financial experts that have a plethora of experience within the payments sector. Quisitive’s recent acquisition of BankCard USA, onboarding of payments industry leaders to the team, development of a comprehensive risk management program, achievement of Microsoft Co-sell Ready status, and now execution of the bank sponsorship demonstrates significant progress toward full commercialization of the LedgerPay solution.” “The Bancorp is excited to announce our sponsorship of Quisitive LedgerPay as a direct merchant acquiring partner. Our support of this major milestone on LedgerPay’s journey, demonstrates The Bancorp’s confidence in their technology, risk management, security strategies, and their leadership team. We look forward to a robust partnership between The Bancorp and Quisitive and the positive impact that the LedgerPay solution will have on the market and our customers,” said Matt Carberry, Managing Director, Head of Partner Strategy at The Bancorp.
LedgerPay, a Quisitive product, is a payment processing and Payments Intelligence™ solution that captures and analyzes rich data from every card-based transaction in every channel. It transforms payments data into customer engagement by empowering a merchant’s ability to deliver personalized promotions based on an individual’s historic buying behaviors and category preferences to shoppers at the point of purchase in real-time while they are still in the store or restaurant. Quisitive leveraged their alliance with Microsoft to develop LedgerPay on the Microsoft Azure platform, creating the first of its kind, cloud-based payments solution. Building a solid foundation on top of Azure DevOps and utilizing Azure services such as Azure Kubernetes Services, CosmosDB, and ExpressRoute, among others, allows LedgerPay to fundamentally transform payment transactions into a valuable customer engagement tool, offering personalized promotions with 100% of non-cash merchant customers even if they are not enrolled in a loyalty program.
“LedgerPay is a case study of how the power of Microsoft Azure, together with the collective financial services and payments expertise of the Microsoft and Quisitive teams, can deliver innovative solutions to brick-and-mortar and omnichannel merchants,” said Peter Hazou, Microsoft’s Worldwide Director, Business Development, Financial Services. “The progress of LedgerPay towards full commercialization is exciting because it’s an application of Azure technology that offers both brick-and-mortar and e-commerce merchants a new competitive advantage that is unlike anything previously seen in the payments field.”
TORONTO, March 03, 2021 (GLOBE NEWSWIRE) — Quisitive Technology SolutionsInc. (“Quisitive” or “the Company”) (TSXV: QUIS), a premier Microsoft Solutions Provider, has announced that it has achieved Microsoft IP Azure Co-sell Ready (“co-sell”) status for its LedgerPay solution, which officially activates Microsoft’s sales team in assisting with commercializing the product.
Microsoft initially kickstarted the co-sell program to allow Microsoft and its top partners to drive joint sales initiatives more effectively by synergistically going to market together. In order to earn the co-sell status, partners are required to have a commercial-ready solution that completes technical validations, an in-house sales team, and a robust go-to-market strategy.
LedgerPay is the only combined payment processing and payment intelligence platform on the Microsoft Azure cloud that transforms everyday credit or debit purchase transaction data into seamless customer loyalty for e-commerce and brick-and-mortar merchants. As the Company finalizes its recently announced bank sponsorship, earning the co-sell status will officially activate Microsoft’s sales team and expand the LedgerPay sales footprint.
“Achieving the ‘Co-sell Ready’ status reflects our elite relationship with Microsoft and significantly augments our sales efforts, as we are able to leverage their resources and execute a joint go-to-market initiative,” said Quisitive CEO Mike Reinhart. “The beauty of our partnership is that both parties benefit from collaborations like this. In the same way we are able to gain access to Microsoft’s sales team, we also provide a tremendous value-add for Microsoft, as the only cloud-based payment processing and payments intelligence platform in their portfolio. Microsoft’s sales team will also play a vital role in helping us tap into the retail, and financial services market. This achievement is a noteworthy milestone in our roadmap, and we look forward to the scaling and commercialization of LedgerPay.”
To learn more about LedgerPay’s listing on Microsoft Azure Marketplace, please click here.
About Quisitive:
Quisitive (TSXV: QUIS) is a premier Microsoft solutions provider that helps enterprises move, operate, and innovate in the Microsoft cloud: Microsoft Azure, Microsoft Dynamics, and Microsoft 365. Quisitive also provides proprietary SaaS solutions such as emPerformTM and LedgerPay that complement the Microsoft platform. LedgerPay is an innovative payments intelligence platform and data insights solution that transforms everyday debit or credit purchase transaction data into seamless customer loyalty for merchants. Quisitive serves clients globally from offices in the U.S and Canada. For more information, visit www.Quisitive.com and follow @BeQuisitive.
Quisitive Investor Contact
Matt Glover and John Yi
Gateway Investor Relations
[email protected]
949-574-3860
Cautionary Note Regarding Forward Looking Information
Some statements in this news release contain forward-looking information. These statements include, but are not limited to, statements with respect to proposed activities and strategy. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, the ability to successfully execute the LedgerPay strategy, additional steps needed to achieve the general marketability and commercialization of LedgerPay, the ability to successfully execute on the Company’s corporate strategies, the limited history of operations of the Company’s LedgerPay business and future business strategy, and other events or conditions that may occur in the future. These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors, among other things, include those factors described under the heading “Risks Factors” in the Company’s annual information form dated May 15, 2020 available on SEDAR. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements and information. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward-looking information, will prove to be accurate. The Company does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.
Neither the TSX Venture Exchange nor its Regulation Services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release
For more information, please reach out via our Contact page.
A conversation with Scotty Perkins and Jose Luis-Gomes
In today’s highly volatile retail environment, creating value for the consumer right at the point of sale is everything. But brick-and-mortar merchants are at a disadvantage compared to e-commerce retailers when it comes to personalizing customer experiences. They have very limited ability to gain detailed information about the purchasing behaviors of individual consumers.
Quisitive recently launched LedgerPay, a modern, direct payment processing platform that replaces traditional payment processing layers and fees with a cloud-enabled payments and data analytics solution. LedgerPay’s payment tokenization securely taps data from every single customer who used a payment card, making a process that was once a tax now financially lucrative for merchants. But what really sets LedgerPay apart is the focus on using that payments data to provide unique insights into consumer behavior for brick-and-mortar retailers.
LedgerPay recently announced a strategic go-to-market relationship with dunnhumby, a global leader in customer data science. The LedgerPay-dunnhumby offering is a first-of-its-kind service for brick-and-mortar merchants such as quick-serve restaurants (QSRs), grocers, and other retailers who want to encourage repeat and more valuable sales by capitalizing on past purchases at the point of sale (POS). It combines the power of an innovative payment processing platform with tokenization to offer merchants an unprecedented level of precise, secure, and actionable customer data derived from real-time, non-cash POS transaction data.
LedgerPay SVP Scotty Perkins had the chance to sit down with Jose Luis-Gomes, President of North America for dunnhumby, during a discussion with our investor community to talk about our firms’ go-to-market relationship.
Thanks for talking with me today, Jose. Can you give us an overview of dunnhumby?
dunnhumby is the global leader in customer data science, empowering businesses to compete and thrive in the modern data-driven economy. We’re a purpose-driven organization that exists ultimately to help retailers become more customer first. That entails understanding what customers want and need and understanding how they can deliver that better than the competition. With this information, our customers can make decisions that will prioritize those investments in the best way possible.
dunnhumby has always relied on customer data coming from traditionally loyalty programs — we invented this space back in the 90s and continue to be active globally. But we have recently found that the expansion of loyalty programs is limited for many industries. The ability to tokenize transaction payments becomes essential for areas like QSRs and convenience stores where loyalty programs don’t make sense. We see a real opportunity to augment the understanding of what loyalty programs bring and we’re really excited about the ability to do that with a global solution like LedgerPay.
Why is go-to-market relationship with LedgerPay important in the context of how dunnhumby can more broadly support your customers and monetize the data opportunity further?
Like any successful companies we know where our strengths are, and we want to play in those areas. There is a lack of customer data in areas like QSRs, [drug and pharmacy chains], and [dollar stores], which means that we can’t create a longitudinal view of customers. That inhibits a few monetization opportunities:
- The value of the data when you sell it to the manufacturers.
- The ability of any of the media targeting, a tremendous personalization opportunity for retailers.
A large part of dunnhumby’s offering is predicated on our ability to track and communicate with customers. Up to now, large swathes of the market have been off-limits to our offering. Our go-to-market relationship with LedgerPay will allow us to provide retailers with the capability to track customers and to create better strategies for their business. Many of these industries have been traditionally dark. Convenience Stores, for example are the most profitable channels for the package goods companies. Our go-to-market relationship with LedgerPay provides a real opportunity for us to penetrate this market.
As I mentioned before, dunnhumby is also excited about the global reach of this relationship. There are a number of countries where loyalty programs are less evolved, so even in the grocery space this becomes an opportunity.
Can you expand on how LedgerPay and dunnhumby will activate together?
Most of the added value and the benefit is business as usual for dunnhumby. Today, for example, we’ll get feeds from our retail partners that will have some sort of tokenization element whether that’s brought to them by their loyalty program. So the fit with LedgerPay should be seamless and we can switch on 100% of our customer-driven capabilities immediately.
The LedgerPay system will tokenize the payments in real-time and will feed through to dunnhumby. We’ll turn on all of our insight’s platforms, turn on our personalization algorithms, and feed those back either to the retailer or monetize those with their partners.
We’ll explore how to leverage real-time data feeds, which is a tremendous opportunity, particularly if we’re trying to understand things that happen before the shopping trip happens or immediately after the shopping trip is ended and on the receipt. That gives great scale to the retailers into the [consumer packaged goods brands] which is one of the secrets around personalization and one of the failings for the convenience sectors. We’ll be able to plug that data feed into our existing capabilities. Over time we’ll explore what we can do in real-time– a capability that we already leverage extensively in eCommerce. We’ll be able to bring that capability to the brick-and-mortar world which will be a real game-changer.
Is there anything else you’d like to add?
We are excited that the dunnhumby/LedgerPay go-to-market is integrated with execution. We’ve collaborated with other partners with different tokenization capabilities but it’s incredibly expensive today to do this right. Many of our partners shy away from tokenization as they find it’s difficult to break even. The LedgerPay platform, on the other hand, has the unique ability to think about real-time. dunnhumby looks forward to using that perspective as we onboard new partners onto the platform.
The wider dunnhumby family is excited about leveraging our go-to-market relationship in other core markets including Europe, Latin America and Asia Pacific where transaction-based payment systems are much more valuable. Finally, dunnhumby just signed a huge partnership with Microsoft, so the integration with Quisitive has been very beneficial for dunnhumby – closing the loop as we go to retailers and have a broader proposition.