CoinOut and Epson Announce Collaboration Following CoinOut’s Success on Shark Tank TV Show
Long Beach, Calif., – Feb. 21, 2018– Following CoinOut’s successful appearance on Shark Tank,the business-themed reality series that has reinvigorated entrepreneurship in America, Epson America, Inc.,a leading supplier of value-added Point of Sale (POS) solutions, and CoinOut, a financial software platform provider, announced their joint POS solution. The integration of CoinOut’s universal wallet with Epson’s OmniLink® POS receipt printer provides retailers with new options to entice repeat customers and increase sales.
CoinOut is the only wallet that enables customers to digitize their cash change and allows merchants to offer customers micro cash back offers via the receipt without needing a credit card, debit card or financial information. Because of this, merchants using the platform capture a high number of customers. For most retailers, the majority of transactions are blind, so there are limited one-to-one marketing opportunities. CoinOut brings offline transactions online in a way no one has done before. Merchants can boost sales with one click in the CoinOut app, bringing customers back more often and see the results in real-time.“CoinOut’s recognition on the Shark Tank Show is well deserved,” said Gregg Brunnick,director of product management for POS printers, Epson America, Inc. “The company’s ’s universal wallet that lets everyday customers turn their loose change and receipts into effortless money is of great benefit to retailers. By collaborating, we are offering a strong POS solution in one easy-to-use, integrated platform that will significantly enhance business efficiencies and drive increased sales.”The joint solution with Epson’s OmniLink POS receipt printers is especially beneficial for high volume merchants with low average tickets.
It enables them to bring customers back more frequently. By leveraging Epson’s OmniLink Merchant Services, OMS, retailers benefit from an integrated solution that works with tablets and other smart devices across multiple locations. It also gives them access to a number of industry-leading applications.
“We’re excited to partner with Epson to bring to market the first solution that meaningfully bridges the gap between offline and online transactions, opening new revenue opportunities for our merchants,” said Jeff Witten, CEO at CoinOut. “The OmniLink solution allows us to bypass the POS, and also creates a nifty option with the receipt, which we think of as the most valuable piece of real estate in retail that has yet to be properly utilized. We were thrilled to have a positive reception from the Shark Tank panel.”
Located in Manhattan, New York, CoinOut provides retailers with a fresh twist on customer engagement in order to increase sales. Merchants can choose from two options: offer their customers micro rewards for every transaction, or the ability to digitize loose change from cash transactions. For both, customers are delighted by the value-add, zero friction solution, and opt into one-to-one marketing from the merchant that brings them back more frequently.
About Epson America, Inc.
Founded in 1975 and headquartered in Long Beach, CA, Epson America, Inc. is the U.S. affiliate of Japan-based Seiko Epson Corporation, a global manufacturer and supplier of high-quality technology products that meet customer demands for increased functionality, compactness, systems integration and energy efficiency. For over 40 years, Epson’s advanced technology has been at work in millions of POS systems around the world. Today Epson’s Business Systems Division continues to bring industry-leading, open architecture, smart technologies to the point of service.
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