Consumers can now use their cell phone as a powerful, reloadable gift card. The Genie GiftCard leverages several of Genie Gateway’s existing inventions to create the most robust Virtual GiftCard in the industry! It combines the best of two worlds; closed loop peer-to-peer (P2P) real-time payments and open loop payments, where a GiftCard holder can both send and receive payments, face-to-face, online, or by phone, from anyone with an email address and a checking account, at any bank in the United States.
GiftCard customers can use their cell phone number as a single identifying numberto establish a business connection to any firm, person, organization or entity and to conduct a wide variety of communications and transactions with those parties with complete security.
The Genie reloadable GiftCard is designed for businesses who wish to provide a friendly service to their returning customers. This service is very simple: their customers use their cell number to pay for their shopping, and since service is a self-contained closed loop system, NO complex banking relationships are needed. Participating merchants can offer their Store-Exclusive Gift cards free of charge, and their customer can use up to five different ways to load funds to their Genie GiftCard