To help businesses reduce fraud risk, ZOZI becomes the first SaaS platform in industry to offer fully integrated end-to-end EMV mobile payments platform.
SAN FRANCISCO, Dec 2, 2015 — ZOZI®, the fastest growing SaaS reservation system for businesses and marketplace for consumers for the $125B global tours and activities market, today announced a new iOS app that allows merchants to easily manage their business on the go, and reduce fraud risk by accepting mobile payments with an EMV (Europay, Mastercard, Visa) compatible chip reader.
ZOZI Advance® is the only reservations and customer management platform for tour and activity businesses enabling fully integrated EMV compatible mobile payments. This end-to-end platform means that merchants no longer need a separate online payment gateway, credit card terminal, point-of-sale, and antiquated scheduling tools – ZOZI Advance provides everything in one simple solution.
The new iOS app will reduce wait times with easy customer check-ins, allow customers to pay using an EMV compliant mobile credit card chip reader, enable electronic signatures for waivers, scan bar codes for ticket and voucher redemption, track rental inventory, and more.
For tour and activity businesses, EMV compliance is an extremely critical issue. EMV works by using embedded smart chips in credit and debit cards, enabling much more secure processing. Businesses using non-EMV compliant partners for payments have dramatically increased fraud risk exposure.
It’s vital that tour and activity merchants become EMV compliant because as of the October 1st, 2015 deadline, credit card companies implemented a full liability shift creating significant economic exposure for non-compliant businesses,” said TJ Sassani, CEO and founder of ZOZI.
Credit card fraud has doubled over the last several years and is estimated to cost businesses $10B dollars in losses in 2015. Many businesses lack the time and money to handle the expensive and complex EMV upgrades. The ZOZI Advance EMV compatible platform is easy to use, saves merchants money, and enables compliance with the new regulations mandated by the credit card companies.
It’s estimated that 40 percent of the world’s cards already use the EMV chip standard, with nearly 85 percent of Euro Zone 1 cards having chips. The U.S. chip card adoption rate is rapidly reaching the European rate, meaning non-compliant merchants are increasing their exposure everyday.
ZOZI is transforming the way tour and activity merchants run their businesses in nearly 90 countries. The company is approaching a $1 billion dollar gross transaction value, sells an activity every several seconds, and has secured nearly $50M in financing from top investors, including Sir Richard Branson and Pritzker Vlock Ventures.
“ZOZI leads the way in modernizing the activity industry by investing heavily in our technology and mobile strategy,” said TJ Sassani, CEO and founder of ZOZI. “We’ll bring hundreds of thousands of activity merchants online over the next decade.”
The ZOZI Advance iOS app is available in the App Store. More mobile apps are coming soon.
To learn more about ZOZI Advance, visit https://www.zozi.com/advance