Enabling Technologies

Reinvention POS Solutions Collaborates with LevelUp for Mobile Payments

On 15th May 2014, Reinvention Point of Sale Solutions, announced their partnership with mobile loyalty and payments platform – LevelUp – which utilizes QR code technology to perform mobile transactions through smartphones. LevelUp says that the flexibility of their mobile app enables for integration with a range of solutions from Quick service to full service fine dining.

LevelUp, a subsidiary of SCVNGR, is a growing company in the mobile payment space with investment of $9 M in the second round of funding from T-Venture, the venture capital arm of Deutsche Telecom. Other investors included Google ventures, Highland capital and Balderton capital and LevelUp has raised a total of $48.5 M in capital so far. LevelUp offers a white label payment application, which allows the retailers, banks and processors a mobile wallet and payment platform.

  • The LevelUp mobile app, is free for users to download and is available for both iOS as well as Android devices.
  • It enables registered users to securely link their debit or credit card to a unique QR code displayed within the app.
  • This enables users to pay at the POS terminal by scanning the QR code on their phone
  • On doing this, a few seconds later the user receives a digital receipt confirming his payment.
  • LevelUp says its products fill a demand that will only continue to increase in the future.
  • The combined offerings of Revention and LevelUp could provide industry owner/operators with a tool that is both powerful as well as cutting edge.

"Over one and a half million consumers are already paying with LevelUp at 14,000 locations across the country," stated the CTO of LevelUp, Harald Prokop, in a press release. "We are excited about the partnership with Revention to provide merchants a seamless integrated solution to to save on processing, grow revenues, and to learn more about their customers."

Chiraag Patel

Chiraag Patel is a Senior Reporting Analyst and the Editor of Bitcoin and Virtual Currency channels at Lets Talk Payments. He is an engineer with deep interest in MMORPG, Virtual Banking, Game Currency and Virtual Cash. Chiraag enjoys Reading& Blogging with focus on New Innovation, Technology & Startups in the Payments Space.

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