Equinox Payments and LISNR® Team Up to Deliver Payments Using Ultrasonic Data Transmission
October 22 2018 - 7:45AM
Business Wire
Creates an Extraordinary Experience to
Recognize and Reward Customers
LISNR, the world’s most advanced ultrasonic data platform and
Equinox Payments (“Equinox”), a leading provider of payment
terminals, applications and support services, today announced a
partnership to meet the increased demand for ultrasonic data
solutions that enhance the payment and customer engagement at the
point of sale. Equinox gains first mover advantage as the exclusive
terminal manufacturer to be using proprietary LISNR technology to
facilitate seamless payment processing between smartphone apps and
Luxe terminals equipped with microphones.
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Securely transmit payment data using
ultrasonic data technology (Photo: Business Wire)
Retailers are focused on making the checkout experience as
simple as possible, while shoppers want to be able to complete
checkout from anywhere in the store. Add to that a real need for
secure authenticated payments using encrypted payment data and you
have a tall order. LISNR offers a solution that solves these
problems by using inaudible tones to authenticate shoppers and
safely process payments. Equinox has integrated support for the
technology directly into its Luxe line of terminals, using the
built-in microphone so that customers can easily tap into the
capabilities without additional CAPEX investments.
“Creating a frictionless path to transactions for consumers is a
holy grail in the payments industry,” said Eric Allen, CEO LISNR.
“In our quest to attain that, Equinox stood out as both an
innovator and leader. By combining our technologies, we’ve been
able to quickly move to market with a solution that has a clear ROI
for retailers, while keeping them competitive in a fast moving
market.”
Gone are the cumbersome steps associated with dipping cards,
downloading and opening mobile wallets or scanning QR codes, which
means valuable seconds are shaved off transaction times. Retailers
with private label programs can skip the hassles and costs
associated with issuing cards by deploying LISNR’s software-based
technology via an app that can facilitate payment and loyalty
rewards using ultrasonic transmission.
“This relationship represents a transformative moment for
Equinox, our customers and our partners,” said Rob Hayhow, vice
president, Equinox Payments. “Our Luxe devices were designed with
the future in mind, and tapping into the innovative spirit of LISNR
to deliver this solution demonstrates our focus and commitment to
excellence. We are excited to work with the LISNR team and leaders
across the payment space to introduce this new digital
experience.”
About LISNR
LISNR powers transactions and connects the online to offline
customer journey globally with the most advanced Ultrasonic Data
Platform. Originally developed as a device independent method of
communicating short messages to consumers, the software solution
inserts, then extracts data using inaudible tones through standard
speakers and microphones. Today, companies like Jaguar Land Rover,
Ticketmaster, Visa and more use this solution to create
frictionless applications for consumers around the world. Founded
in 2012, LISNR is headquartered in Oakland CA with an office in
Cincinnati, OH. Major investors include Intel, Jump Capital,
Mercury Fund, R/GA, and Synchrony Financial. To learn more about
the LISNR technology visit: http://lisnr.com or email
info@lisnr.com.
About Equinox Payments
Brookfield Equinox LLC (dba Equinox Payments) was founded in
2014 as a result of an acquisition of assets from Equinox Payments,
LLC. Located in Scottsdale, Arizona, Equinox is looking beyond
product features to rethink and reimagine the customer payment
experience.
The company is owned by NBS Payment Solutions, based in Toronto,
Canada and a leading provider of electronic payment solutions to
the financial industry for over 25 years. NBS Payment Solutions is
a wholly-owned subsidiary of Brookfield Asset Management, which has
over $285 billion of assets under management. Brookfield is listed
on the New York (BAM) and Toronto (BAM.A) stock exchanges. For more
information about Equinox, visit www.equinoxpayments.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20181022005037/en/
Equinox PaymentsMichelle Wagner,
770-331-7010mwagner@equinoxpayments.comorLISNRMarcos Sanchez,
415-505-8375marcos@lisnr.com
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