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SnippCheck, Snipp Interactive Inc.’s (TSXV:SPN) receipt processing solution, has achieved a significant milestone by processing over one million receipts (and counting) on a single program.
SnippCheck, Snipp Interactive Inc.’s (TSXV:SPN) receipt processing solution, has achieved a significant milestone by processing over one million receipts (and counting) on a single program.
According to the press release:
The program is on behalf of a longstanding client and global leader in its industry, who has signed a three-year Master Services Agreement that established Snipp as the corporation’s mobile technology supplier. SnippCheck processed the million consumer receipts within the first nine months of this ongoing program.
The SnippCheck receipt processing solution was deployed as an alternative to a previous code-on-pack redemption mechanism. Snipp’s proprietary solution allows consumers to submit photos of their receipts showing qualifying purchases, and, post-validation through the SnippCheck platform, to have their points automatically credited into their loyalty account.
According to Snipp CEO, Atul Sabharwal, “A million is a significant milestone not just for the sheer volume of receipts processed, but also for the amount of underlying purchase data we have captured along the way. That data gives our clients and us deep insights into consumer purchase behavior. We’re excited by the proven scalability of our SnippCheck receipt processing solution and also with its integration with our other solutions modules such as loyalty, promotions and sweepstakes, rewards, rebates etc. Collectively we are providing more of our clients with end-to-end solutions that are unique, scalable and simply couldn’t be done using traditional mechanisms.”