Loypay™, also known as the 'Slider', is a revolutionary and patented* reward payment technology that allows for fully flexible points-plus-cash reward payment. In addition and based on a proprietary algorithm, the Slider generates dynamic per-point-values of up to USD 100/Point - obviously at unchanged costs to the program sponsor.
For the innovative Loypay™ technology, Loylogic won the "Industry Impact Award 2007" at the 19th Freddie Awards in Washington.
Interactive Slider
Take a minute to watch the  Loypay™ Video before testing the interactive Slider below. Experience how the value of your loyalty program currency could grow using the Slider for any reward you offer to your members.
Key Benefits
Loypay™ offers substantial benefits to both loyalty program members and program managers.
- Program Members: Define their preferred points-plus-cash reward payment combination and benefit of higher per-point-values depending on their amount of cash selected.
- Program Managers: A more valuable loyalty currency and more attractive loyalty program lead to higher company sales.
CustomizationThe Slider and the algorithm can be fully customized so that program managers remain in full control over their reward budgets or program terms and conditions. They can:
- Define points value (e.g., liability value)
- Define min./max. points (fixed or %)
- Define min./max. cash (fixed or %)
Technology DetailsTechnically, Loypay™ is a smart combination of AJAX, JavaScript and Web Service components. The Slider can be a stand-alone application integrated on any checkout process or can be part of the complete reward solution.
*Loylogic U.S. Patent No. US 7,698,185 B2.
|
