|Description||Digital Coupon Redemption Processing|
|Series A, 8/09 ||$600k|
|Venture Round, 2/10 ||$1.05M|
The M-Dot Network platform enables consumers to receive digital coupons via a retailer’s web site or micro-web site on their mobile phone. Consumers can find and select coupons online or on their mobile phone. Offers are aggregated and presented directly to consumers from multiple third party digital coupon issuers and from the retailer.
Consumers can access the retailer’s mobile interface by any of the following methods:
M-Dot Network enables digital coupon issuers to supply digital offers in real-time, directly to the retailer’s customers. Offers received from digital coupon issuers contain all of the coupon rules, such as value of redemption, expiration date, number of redemptions per purchase, and any other term or condition which directly relates to the conditions of the offer.
M-Dot Network enables the retailer with the ability to upload offers at any time. The retailer will receive a “bank” of digital offers which will enable the retailer to send both national brand and store brand offers directly to their shoppers. The retailer has access to an online reporting dashboard which provides real-time reporting including: issuance and redemption analytics.
The M-Dot Network platform clears digital coupons in real time, lessening the burden of coupon validation at check-out, speeding up check-out and improving mis-redemption rates.
Digital Coupons: The M-Dot Network platform enables the retailer to redeem coupons from multiple digital coupon issuers in real-time. Consumers redeem all coupons in real-time by swiping their Retailer Shopper/Club Card or entering their phone number into the payment device.
M-Dot Network is a secure platform. It leverages existing store infrastructure - no new hardware is required by the retailer. It provides a turn-key redemption and reimbursement solution. M-Dot Network is a single point of integration needed by retailers to redeem digital coupons.