BIM CEO Adam Frisch was grateful to be an invited guest on the “ACH: A Risk or An Opportunity?” panel at the Barclays Emerging Payments Form on May 2, 2017. The well-received session highlighted the great buzz around ACH!
BIM CEO Adam Frisch will lead a discussion on “Big Players, Big Impact: Merchants Driving ACH Payments Innovation” at the NACHA Payments 2016 Annual Conference in Phoenix, Arizona on Tuesday, April 19, 2016 at 11:25am.
ACH is now a real payment option at the POS - wherever that may be. And that is an underappreciated but important development in the evolution of the payments industry. By leveraging the inherent economic benefits of ACH, merchants are able to self-fund their customer loyalty and incentive programs, while simultaneously creating mass customization of a better buying experience. By driving their customers to their app and website and offering a branded debit tender at checkout, merchants are significantly mitigating the potential brand and data disintermediation that can result from mobile and eComm transactions. Buy It Mobility Networks Inc.’s (BIM) ACH payment tender is evolving right along with this industry to help enable consumers to quickly and securely connect their checking accounts to apps and make payments at the cash register, table or pump, encompassing the big-box, convenience, pharmacy, fuel, grocery, quick-and full-service dining, specialty-retail and transit categories whether it is with individual merchants or part of MCX’s CurrentC offering. This session will show how BIM is working to improve the consumer buying experience with additional secure payment options, and streamlined account provisioning, enrollment authentication and account verification processes, and learn how merchants are benefitting from guaranteed transactions with fast and regular settlement timeframes. ACH is at the POS, and BIM is powering that movement.
NACHA Payments 2016 is one of this year’s most prestigious conferences with thousands of industry leaders in attendance. To learn more about this session and others, visit the Payments 2016 website.
BIM CEO Adam Frisch spoke at the Barclays Emerging Payment Forum in New York, NY on March 15, 2016, alongside other top executives from across the payments industry.
Adam outlined BIM’s comprehensive value proposition to all key stakeholders in the payments ecosystem – merchants, consumers and banks – highlighting how BIM is uniquely bringing ACH to the point of sale, wherever it may be – in store, online, or on the phone.
BIM CEO Adam Frisch spoke at Money 20/20 in Las Vegas, Nevada, and unveiled new functionality that increases consumer adoption of retailer-branded mobile payments and significantly reduces friction in the customer enrollment process for ACH mobile payments.
Adam, with additional commentary from MCX CEO Brian Mooney, described how innovation in the mobile wallet space to date has yet to substantially disrupt consumer behavior and that a significant percentage of consumers still use cash and debit cards for in store transactions. BIM delivers a mobile/web ACH platform to consumers and merchants that transforms the debit experience, and is an integrated part of the CurrentC mobile wallet that includes loyalty, rewards, and coupons.
Thousands of payments executives gathered together in Orlando Florida for the most prestigious ACH payments event of the year, NACHA Payments 2014.
BIM’s own Adam Frisch was invited to speak at a general session about how mobile payments are being enhanced by those who are leveraging the ACH Network in new ways to benefit both consumers and merchants, as well as the entire payments ecosystem. Seasoned payment exes in attendance learned how new technology is actually making ACH a viable option for Mobile – with BIM, not only can many consumers now enroll in mobile ACH in less than 60 seconds, but for merchants, payment is also guaranteed and settled the next day.
How did we do it? Please contact us for more information.
Despite another winter storm threatening to shut the city down, BIM heads to Atlanta to sponsor and attend the Merchant Advisory Group’s Mid-Year Conference. Given recent data breaches, a major topic of the conference was security. There was much discussion about the security of EMV chip cards vs. magnetic strip cards, and other industry topics.
BIM was happy to lead the discussion (with other industry players) about mobile payments, merchants were particularly interested in reducing transaction fees (by up to 90%) by using ACH.
But what about the security of mobile payments? Security is at the heart of BIM’s technology: Click here to learn more about Security at BIM.
We look forward to the MAG’s annual conference in Ft. Laurderdale in September!
BIM COO, Aydin Kadaster, gave a speech at the mCommerce Daily Mobile Shopping Fall Summit in Lichfield Park, AZ entitled: “Yes mobile can improve loyalty and lower costs…really, it can.
The adoption of mobile shopping and mobile payments has been frustratingly slow. Retailers have paused at the notion of higher costs, greater risks, and uncertainty about the potential benefits, while consumers have been given few incentives (besides “convenience”) to justify changing their shopping and purchase behaviors.
So, what has been impeding adoption? What have the “winners” been doing right? How can mobile be approached in a way that reduces risks, lowers costs, and drives loyalty? And, what should retailers and brands do to win in this space?
To read the full story, covered by Mobile Commerce Daily, click here.
BIM COO, Aydin Kadaster, gave a talk on “What it takes to Drive Consumer Adoption of Mobile Payments” to executive members of the Merchant Advisory Group at their annual convention in New Orleans.
When speaking to merchants about mobile payments, one of their most common concerns is consumer adoption. Overall, the adoption of mobile payments has been slower than expected. At BIM, we believe this is because consumers haven’t been given a compelling reason to change their behavior and adopt a new way to pay. In order to drive consumer adoption, merchants must deliver “real value” to the consumer.
What is “real value”? It might not be what you think it is. Coupons and offers are enticing, but is it enough? For some it may be, but for others “real value” may be skipping the line, ordering ahead, or getting the latest trends and news delivered right to their phone before everyone else. At BIM we believe in customizing the solution for our merchants to help them deliver exceptional and personalized experiences to their customers.
BIM attended the Innovation Project, a 2-day program attended by more than 500 of the greatest minds in the payments industry to network and discuss the latest innovations in payments. BIM is honored to be the Silver Winner for the category of “Best Innovation in ACH.”
Thanks to PYMNTS.com and the Innovator Award program judges for recognizing us!
For a full list of winners, click here!
BIM was invited to become a sponsor of the Merchant Advisory Group (MAG), a prestigious group merchants dedicated to representing the merchant voice in driving positive change in the payments industry. At the mid-year conference in Charlotte, North Carolina, COO Aydin Kadaster gave a presentation on “Leveraging Mobile to Drive Sales and Lower Processing Costs.”
Attending this was a great opportunity for BIM to network with merchants across many industries, including QSRs, convenience Stores, super markets and retail. A common theme that we heard from these merchants is that they are looking for a solution where they can promote their brand, have more influence over the customer experience, and build customer loyalty. We believe that many of these merchants will be able to leverage BIMs payment platform to help dramatically lower their processing costs.
Building relationships with many experienced payment professionals was a great start to BIMs involvement in MAG. We are looking forward to the annual MAG conference in New Orleans in October!