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Ackroo Brings Coalition Loyalty & Gift To Small mPOS Merchants

By Tim Sloane
April 13, 2015
in Analysts Coverage
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Mobile point-of-sale technology and digital loyalty programs were gaining momentum well before today’s smartphone-driven commerce environment. Businesses increasingly sought ways to extend gift card and rewards functionality beyond traditional terminals, creating opportunities for providers to deliver more flexible and portable solutions. As merchants looked for ways to engage customers both in-store and on the go, mobile loyalty programs became an important component of customer retention and payment strategies.

Ackroo’s expansion of its platform to the Apple iPad reflected this broader shift toward mobile commerce. By enabling merchants to issue and redeem gift cards and loyalty rewards through a tablet-based application, the company sought to make mobile loyalty programs more accessible while creating additional opportunities for integration with existing payment and point-of-sale systems.

Ackroo, a provider of coalition merchant gift cards and loyalty programs, has announced in this press release that it is in the final stages of having its products available for the iPad:

 “OTTAWA, April 13, 2015 /CNW/ – Ackroo Inc. (TSX-V: AKR), a gift card, loyalty and rewards technology and services provider, announced the launch of their latest addition to the Ackroo Anywhere platform, Ackroo Pay for Apple iPad. Ackroo Pay is a POS app that allows businesses, operating an Ackroo Gift Card and/or Loyalty Program, to issue and redeem their gift and/or loyalty cards wherever their iPad will take them. The application is in the final approval stage with Apple and is expected to be available in the Apple App Store within the next 2 weeks.”

 Apparently the Android implementation is not yet available and the Ackroo website fails to explain exactly what the “Ackroo Anywhere platform” is, despite it being mentioned in several press releases similar to this one. The press release also makes a general statement regarding how the mobile apps can be operated as standalone programs or easily integrated into existing mobile apps:

 “Not only does the development of this solution provide merchants the opportunity to run their Ackroo Anywhere program from an Apple iPad device, it also confirms Ackroo’s ability to provide innovative mobile application solutions and positions the Company to support other mobile platforms in the future. Ackroo Pay will work side by side with other apps on a single device or can easily integrate directly into merchant or payment branded applications that require the unique gift card and/or loyalty processing that Ackroo brings to the market. This innovation helps both solidify and increase Ackroo’s addressable market and further positions us for growth with our customers and our partners.””

 Integration, of course, is never as easy as anyone expects. It will be interesting to watch how frequently Ackroo is added to the mPOS supplier’s download web site going forward.

The continued evolution of mobile commerce has reinforced the importance of flexible gift card and loyalty technology that can operate across multiple devices and channels. Solutions that support mobile loyalty programs help merchants engage customers more effectively while expanding the reach of rewards and promotional initiatives beyond traditional checkout environments.

Success, however, often depends on execution and integration. While mobile platforms can create new opportunities for growth, merchants ultimately need solutions that work seamlessly with existing systems and deliver a reliable customer experience. As mobile payments and loyalty technologies continue to converge, providers that simplify implementation and improve interoperability will be best positioned to capture long-term market demand.

Overview by Tim Slone, VP, Payments Innovation at Mercator Advisory Group

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