Company: SmartBlue Technologies Inc.
Dallas-based SmartBlue Technologies Inc. created Tipatuity, an application that uses the Dwolla Inc. payment platform to process cashless gratuities. Growing adoption of mobile payment technologies has decreased the average amount of cash that consumers typically carry day-to-day.
The movement toward a cashless society has affected many service professionals who have traditionally relied on cash tips. Tipatuity bridges the gap by enabling its members to give and receive tips on the spot and instantaneously, the company stated.
Tipatuity's instant money transfers and digital tip jars facilitate simple and anonymous tipping across numerous service industries, including valet professionals, hotel staff and outdoor event coordinators. Tipatuity members can send and receive payments via linked bank accounts or prepaid debit cards without exchanging names, email addresses or physical currency. Users receive automatic notifications within the app and by email with every transaction.
"Our goal to allow people to express their gratitude towards others," said Trevor McLaughlin, Chief Executive Officer at SmartBlue Technologies. "We feel that our service and app allows for a fun and simple way to do this."
Shehadi Dayekh, Ph.D., founder of SmartBlue and Tipatuity, said members appreciate Tipatuity's built-in reporting and tracking tools. The service will "empower service professionals with the tools they need to make the money they deserve and to bring more of the in-store tip jars online," he added.
Tipatuity noted that its members can use a dynamic group management feature on the app's money transfer portal to direct payments to individuals, teams and businesses. The service is free to senders; recipients pay a 2 percent facilitation fee for gratuity transactions.
The company imposes no limits on the number of daily transactions members can do each day. Business account transactions have a default limit of $10,000 per transaction; personal accounts are typically capped at $5,000 per transaction. Exceptions may apply, company representatives stated.
Following are additional standard features of the app listed by Tipatuity:
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