Sionic Mobile

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Overview

10 - 49

Employees

2010

Year Founded

ABOUT SIONIC MOBILE

Bringing instant payments to the point-of-sale

Sionic, a company located in Atlanta, is a pioneer in rapid digital payment solutions, providing real-time bank-to-bank transactions at the point of sale. Its innovative Instant Bank Pay service allows U.S. financial institutions that are part of real-time banking networks to offer both personal and business customers instant cash payments online, via mobile, or in physical stores. Additionally, Sionic's AI-driven Fraud Detection Service (FDS) is the first of its kind to safeguard real-time Account-to-Account (A2A) payments made at the point of sale. Merchants who accept A2A payments can avoid costly card transaction fees and receive cash deposits almost instantly. Customers using their bank accounts for payments through Apple® or Google® wallets may also enjoy perks from participating merchants. For more information, visit www.sionic.io, follow us on X, or connect with Sionic on LinkedIn.

Languages Spoken

English

HIGHLIGHTS

10 - 49

Employees

2010

Year Founded

Services

Focus

Industries

Clients

Services Provided

75% Custom Web Application Development

25% Mobile App Development (iOS & Android)

About the Team

OUR STORY

Since its inception in 2010, Sionic has been a pioneer in the mobile payments arena, leading innovations such as authenticated digital checkouts and early QR code payment adoption to simplify transactions. Collaborating directly with diverse merchants, the company enhanced digital payments by integrating loyalty and rewards programs, thereby deepening consumer engagement. Over fifteen years, Sionic evolved from facilitating digital and eGift card transactions to launching Instant Bank Pay, which offers secure, real-time bank-to-bank payments backed by proven industry protocols. Complementing its product suite—including ION Rewards®, ULink®, and CODE Pay—the company has garnered multiple accolades for its technological advancements and impact on mobile commerce, reflecting its enduring commitment to advancing seamless, secure payment experiences.

Portfolio

ULink®

Sionic Mobile

ULink is the pioneering universal linking service that securely links consumers' bank accounts and preferred digital payment methods to their favorite retailers. Central to ULink is a secure microsite where users create a single digital profile during their initial transaction. This profile can then be utilized instantly at any participating merchant across various user experiences. ULink offers a complete solution that enables users to initiate and finalize a digital payment transaction seamlessly. Its goal is to boost consumer engagement and sales for both offline and online retail partners by connecting more consumers through the search tools, apps, and devices they use at home, in their cars, and on mobile devices. Key features include: - Only requiring one account setup - Connecting users to multiple merchants and services with a single account - Voice activation compatibility for mobile devices and vehicle dashboards - Accessibility through Google Search, Google Maps, and Google Assistant - A comprehensive end-to-end solution for small businesses as well as larger enterprises.

Sionic Fraud Detection Service (FDS)

Sionic Mobile

Sionic’s Fraud Detection Service (FDS) is specifically tailored to identify and prevent fraud during real-time bank-to-bank transactions between payers and payees at the point of sale, whether it's online, via mobile, or in physical stores. Utilizing the Google Vertex AI platform, FDS harnesses advanced machine learning technology in conjunction with extensive Google Cloud AI/ML services to provide a strong and scalable solution for detecting payment fraud. Key features include the need for Sionic Instant Bank Pay to facilitate real-time payments, advanced machine learning tools, and top-tier payment security protocols.

CODE Pay

Sionic Mobile

CODE Pay is a white-label application designed for retail merchants, allowing local businesses to accept real-time digital cash payments at the point of sale at a cost 60% lower than traditional credit card processing fees. Financial institutions (FIs) can offer their branded version of the CODE Pay app and encourage their small business clients to sign up for Instant Bank Pay, enabling them to receive immediate cash deposits from nearby users and provide instant rewards upon successful real-time transactions. Features include: - Increased visibility to nearby app users - Capability to accept real-time payments at the point of sale - An established fraud detection service for payments - In-app tools for account management - In-app access to account activity and sales analytics - Functionality for resolving disputes.

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