Sionic Mobile has announced that it is releasing a new white-label mobile community marketplace platform for financial institutions. The ION Local m-commerce platform lets FIs provide customers with a mobile payment, loyalty and reward program.

To use the platform, consumers simply download the ION Rewards app for iOS and Android devices and link it to a payment account. Consumers can use a bank, credit, debit or even Dwoall account. To pay, consumers enter a payment amount and the app presents a barcode to be scanned by a merchant. The app then presents a confirmation that the payment has been made.

Along with a simple payment mechanism, users get a 1 percent reward in their ION accounts, which can be spent like cash at any ION merchant for any purchase.

According to Sionic, its ION platform gives FIs the ability to leverage their position as trusted members of any community to offer a mobile payment solution to customers.

"Financial institutions serve as a community's core and our mobile marketplace platform connects consumers and merchants through these institutions," said Paul Provenzano, Sonic Mobile VP for FI strategy and development. "Most compelling is that ION Local enables mobile offers and payments via smartphones or other mobile devices with a couple taps or clicks."

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