Flint Mobile, a mobile payment service that allows small businesses, freelancers and non-profits to get paid by credit card through a free mobile app that requires no external card reader, today announced enhancements to its iOS app that leverage Apple's expanding digital wallet ecosystem.
Upgrades include SMS-delivered receipts and coupons that can be seamlessly imported into Apple Wallet (currently known as Passbook). The new features enable Flint's business users to generate repeat business by simplifying coupon creation, distribution, storage and redemption for iPhone business users and their customers.
According to Flagship Research, more than 25% of U.S. mobile device users already use Passbook. Of those, nearly 70% cite coupons as their #1 use, with virtually all coming from national chains. Flint is the first mobile payments provider to enable businesses of any size to capitalize on this powerful tool. Businesses can easily create offers in the Flint app and send text messages with links that automatically download customized coupons into the Apple Wallet. The app will handle redemption via an embedded QR code reader. There is no need for a separate loyalty offer app, no redemption hassles and no need for customers to sort through their sea of emails, flyers or printouts to find relevant offers.
This update is the first of a series of new features that Flint is developing for its iOS app. On Apple's July 21, Q3 2015 conference call, Apple's CFO Luca Maestri reinforced that Apple is working with app developers, including Flint. As an Apple mobility partner, Flint will add iOS-specific features to its own app as well as collaborate with other business app developers working on the iOS platform.
"We developed Flint to serve the millions of service-based small businesses, freelancers and nonprofit volunteers who need a fast, easy and secure way of getting paid quickly with nothing more than their smartphones. We have since expanded access to our mobile payment processing platform to any mobile app developer looking to integrate payment services into their own apps targeted to that audience," said Greg Goldfarb, co-founder and CEO of Flint. "Working closely with Apple will enable us to accelerate our efforts to build easy access to Passbook and eventually Apple Wallet as well as to deliver more features that enable our customers to manage their businesses directly from their iOS devices."
Flint's mobile application uses the iPhone's camera to securely scan credit card numbers instead of swiping them through an external card reader. In addition to getting paid without a "dongle," Flint offers flexible online payments via invoicing, email, web or social feeds as well as team management for up to 100 users. The app is free to download, and users can create an account and start accepting payments in minutes. Fees are only 1.95% per debit card transaction and 2.95% per credit card transaction, except during the first 30 days of use when all transactions are free. Payments are generally deposited into the customer's bank account within a day.
Flint extends its capabilities to other app developers with its App2App Connect offering, freeing app providers from having to distribute and support hardware accessories in order to accept credit card payments. Designed for business applications that help SMBs manage clients, forms, jobs, appointments or sales orders from their smartphones, App2App Connect enables developers to embed a "Take Payment" button in their app with minimal coding so that their business users can take advantage of Flint's easy mobile payment processing, instant account activation, low fees and transaction confirmation data.