Information Technology & Services - Fort Worth, Texas, United States
Tap n Spend, a technology firm of Prima Venture Group, has developed a patent pending closed loop electronic payment solution specifically for events which specialize in simplistic cash/coupon process for customer purchases of items such as food, rides and games. This new payment process is a rapid electronic payment solution similar to credit/debit card transactions with some notable differences. First, Tap n Spend is not network dependent which ensures high-speed transactions with 100% uptime anywhere, anytime. Tap N Spend patent pending closed loop solution allows transactional data to be communicated and stored directly between the customers and event booths. Second, instead of utilizing regular currency for pricing and transactions of food, rides and games, "electronic coupons" are the medium utilized to perform purchase transactions. Finally, some advantages of Tap n Spend include increased customer throughput, pricing flexibility (vs. coupons), automatic/instant reconciliation, reduced theft risk, "walk away coupons" (vs. cash), customer data collection, and customizable analysis reports. Furthermore the Tap n Spend solution employs a simplified set-up/take-down approach making it easy to use for seasonal events.