To use looped in, consumers simply download the app onto any iPhone or Android, instantly load money from a debit or credit account, and then use accordingly. Aside from paying at hundreds of merchants and restaurants, looped in app users can send money to any friend or family member in the United States, in less than 10 seconds, absolutely free -- just by keying in their friend's phone number. It's like texting, plus your money.
Consumers can also pool money, online or offline. Instead of throwing down four debit cards at a restaurant to pay, three friends simply send money to the fourth friend's looped in app -- by keying in their phone number and hitting send inside the app. Pooling money online revolutionizes consumer ability to collectively make shopping cart purchases. Any group can send money to one person's phone. Then that person keys in their phone number in the shopping cart. Never before have groups of people been able to group-shop online. So if there's a buy one get one free situation, or bulk discounts, consumers can now take advantage of it online or in a store.
Consumers can move money in and out of their looped in account, to and from bank or credit card accounts. Unique to mobile payments, when money is loaded into a looped in account, there is absolutely no personal data or banking data stored, captured, or sent. To send money back to a bank or credit account, just click on Withdraw money in the app, enter the amount, PIN. Please visit areyoulooped.in
ABOUT looped in:
Safer than cash, credit, or debit cards, looped in enables consumers to find and share deals, pay for purchases, send money instantly to friends, pool money for group-purchases on and offline, all for free. Founded in 2004 as a smart debit card payment system, looped in parent company PXT Payments has been processing smart debit transactions daily since 2006. The company operates its independent platform using secure, end-to-end 3DES encryption, eliminating the threat of identity theft. To complete settlement among all parties involved, PXT uses the Federal ACH payment system. The looped in app is the evolution of PXT's payment system. Download looped in for iPhone® or Android from the App Store or Google Play. visit areyoulooped.in and pxtpayments.com
Founded in 2012, Boston-based Sneakerbox is part of a retail culture that seeks to innovate the recycled idea of "brick and mortar" sneaker and apparel retailing. Simply put -- think of a food truck minus the food and throw in the kicks, apparel and accessories. The Sneakerbox mission is to spread the word on Sneakerbox, looped in, and the mobile retail phenomenon. Look out for Sneakerbox in a city near you and be sure to follow us on all social media @sneakerboxtruck.
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Chief of Strategic Business Development
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