OLB Group acquires DoubleBeam
Summary
The Company is extremely excited about the acquisition of DoubleBeam and to introduce its long-time, loyal merchants in the food services and cafeteria markets to OLB’s innovative technologies. Now, more than ever, these technologies are being used and increasingly expanded in the current environment of COVID-19 where we are adapting safety measures to service thousands of our clients every day. By integrating with existing mobile applications and POS systems, DoubleBeam closes the loop between offers and promotions, customer purchasing behavior and preferences, and the most personalized, real-time communication method ever: the smartphone in their customers’ hands. In addition to improving marketing ROI, DoubleBeam saves merchants money on payments by offering mobile-based and contactless checkout at the cashier as an option, which is much cheaper than traditional credit and debit cards. DoubleBeam processes over one hundred million in sales transactions on an annual basis, captures customer data, and behavior shopping experience and habits and provides retailers the ability to make targeted in-app offers quickly and easily, all while running quietly in the background.
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