Payments Ed Forum, one of the payments industry’s most impactful events for card not present education, gives out a special award each year focused on innovation in payments. This year, Spreedly teamed up with partner Webio, and were selected to win the 2019 Innovation Lab Award.
Innovation is the cornerstone of our ethos at Spreedly, so this award helps validate that the payments industry feels the same way. What is the Innovation Lab Award? How do you get selected? How did we showcase our technology? Read on to learn more.
Step One: The Selection Process
Only three companies make the final round and get a chance to demo their technology at Payments Ed Forum. Before that happens, a panel comprised of payments leaders across the industry determines which three companies will make the final cut. So, getting the opportunity to demo at the show is a huge honor itself. On that note, we’d also like to congratulate Vizion and Arcus for also making it into the final round.
Team Work and Mobile Payments
Webio has built a fantastic tool called WebioPay that allows real-time payments to happen via any online messaging platform, now known as conversational payments. This allows merchants to take payments in a way that connects instantly with today’s consumers. These chats can be human-led, or you can use AI and script predicted responses.
Spreedly helps make this process seamless, and helps ensure those mobile payments are PCI compliant. Plus, merchants can select from over 120 gateways to process their mobile payments. Once you add in the ability to vault cards, you’re looking at a really cool way to take payments.
Conversational Payments Demo
Partnering with Webio allowed us to put together a demo of conversational payments in action. Attendees were able to stop by our booth and experience what a simple utility payment would look via SMS.
After experiencing demos in the Innovation Lab, attendees were then able to cast their votes for the winning technology. On the final day of Payments Ed Forum, the winner was announced.
Winning this year’s Innovation Lab Award
"Being chosen as this year's Innovation Lab winner is a great honor, and a testament to what the teams at Spreedly and Webio have built. Thank you to attendees for the vote of confidence, to Payments Ed Forum for the chance to showcase, and to Webio for the great partnership."
Peter Mollins, Spreedly VP of Marketing
Winning the 2019 Innovation Lab Award was a thrilling experience, and one the team will remember for quite some time. This win is the result of a tremendous amount of teamwork between Webio and Spreedly, as well as internally at both companies.