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Mobile Wallets Redefined and the Impact of Apple’s Passbook
1.
Mobile Marketing Association JACK
PHILBIN Co-founder & CEO, Vibes Chairman NA, MMA
2.
Mobile Wallets Redefined The
Impact of Apple’s Passbook JACK PHILBIN Co-Founder & CEO, Vibes Chairman NA, MMA Jack@vibes.com @jackphilbin #Passbookresults
3.
2 ©2013 Vibes.
All Rights Reserved. Confidential Mobile Wallets Redefined Today’s Speakers #Passbookresults Jack Philbin Co-Founder & CEO Vibes Chairman NA, MMA Steve Ibach Vice President, Digital Partnerships Inmar Catherine Tabor Chief Executive Officer Sparkfly Anne Zybowski Vice President, Retail Insights Kantar Retail
4.
3 ©2013 Vibes.
All Rights Reserved. Confidential Mobile wallet ecosystem: Passbook in context m-Commerce
5.
4 ©2013 Vibes.
All Rights Reserved. Confidential The Passbook opportunity • Apple launched Passbook in September with the iOS 6 update • Apple as a trusted service provider • Save for later feature = extreme convenience • Time, location and interactive features make Passbook different • A week after Passbook launch, Vibes started its Beta program – 10 Passbook programs Boarding Pass Event Ticket Loyalty Card Coupon or Offer
6.
5 ©2013 Vibes.
All Rights Reserved. Confidential Time, location and interaction are key for engagement User enters within a 100-meter radius of a location and receives a notification to their phone
7.
6 ©2013 Vibes.
All Rights Reserved. Confidential Vibes clients leveraging Passbook – 10+ Programs 87% - 96% Of users had non-iOS6 device Of users who installed a Pass, retained it after the offer expired 60% -70%
8.
7 ©2013 Vibes.
All Rights Reserved. Confidential Passbook drives significant engagement and foot traffic 7-13% redeemed pass in-store 3-18% clicked through to offer 30-60% users with Passbook 35-60% added the Pass 87-96% retained the Pass after offer expired
9.
8 ©2013 Vibes.
All Rights Reserved. Confidential Passbook drives significant engagement and foot traffic Build-A-Bear University of MichiganSears Texas Roadhouse
10.
9 ©2013 Vibes.
All Rights Reserved. Confidential Passbook success factors Passes should be distributed through multiple channels 1. Distribution Mobile wallet programs should support all smartphones 2. Reach Pass management and measurement is essential 3. Management
11.
10 ©2013 Vibes.
All Rights Reserved. Confidential 1. Distribution: use multiple channels to distribute Passes Passbook Pass Text Mobile Ads Apps Email Web Direct mail Social
12.
11 ©2013 Vibes.
All Rights Reserved. Confidential 2. Reach: offer a solution for all smartphone users Passbook Pass Mobile Web Text BEER to 84237 iOS 6? YES NO iPhone
13.
12 ©2013 Vibes.
All Rights Reserved. Confidential 3: Management: manage Passes throughout the lifecycle Create Distribute ManageMeasure Optimize
14.
13 ©2013 Vibes.
All Rights Reserved. Confidential What’s next with mobile wallets? Non-Payment Value Proposition Apple Passbook • Consumer Focused • Used by Marketing • Mobile Marketing Payment Value Proposition Google Wallet • Transaction Focused • Used by Finance / IT • Mobile Payments “Next Level” Mobile Wallet
15.
14 ©2013 Vibes.
All Rights Reserved. Confidential Mobile Wallets Redefined Today’s Speakers #Passbookresults Jack Philbin Co-Founder & CEO Vibes Chairman NA, MMA Steve Ibach Vice President, Digital Partnerships Inmar Catherine Tabor Chief Executive Officer Sparkfly Anne Zybowski Vice President, Retail Insights Kantar Retail
16.
15 ©2013 Vibes.
All Rights Reserved. Confidential Stop by Vibes’ booth (#14) to pick up an advance copy of the Passbook report
17.
Mobile Wallets Redefined The
Impact of Apple’s Passbook JACK PHILBIN Co-Founder & CEO, Vibes Chairman NA, MMA Jack@vibes.com @jackphilbin #Passbookresults
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