Oct. 12, 2022
Fobi Partners With Ideal POS
Fobi AI Inc., a provider of real-time data analytics through artificial intelligence, has entered into a data license agreement with Ideal POS Ltd. to enhance its capabilities as a data aggregator for the independent retail marketplace. Fobi and Ideal will generate revenue by way of selling quarterly and annual data licenses to various industry stakeholders through the Fobi Data Exchange (FDX). Ideal is a supplier of POS systems with a diverse customer set that creates a very diverse data set that can be further monetized as a shared revenue stream. Additionally, Fobi signed a commercial reseller agreement with Ideal providing another channel for the resale of its products. The partnership will also introduce a digital member loyalty card solution that enables customers to download a wallet pass from Ideal POS retailers, providing immediate mobile access to loyalty points, stored value, eGift cards, or stamp card functionality.