Our mobile payment technology allows consumers to use their cell phones to make payments at physical merchants.  Rather than locking into one mobile payment solution or creating their own custom solution, these same merchants will benefit by being able to provide a range of different mobile payment options to their customers.  CheXout Systems Inc. provides a non-competitive value proposition to Consumers, Mobile Compliments (advertising, coupons, etc.) and its mobile payment and Point of Sale partners.

CheXplit is the first of many products / services to be offered by CheXout Systems Inc. and has been designed to provide secure and convenient payment solutions to restaurant patrons. Subsequent products will be designed to have seamless integration with Point of Sale (POS) technologies within segments such as Cruise Lines, Café’s, Hotels, Vacation Resorts, Casinos, etc.

Person-to-person remittance is becoming much more popular in the US and abroad; approximately 90% of the $312 billion, non-commercial currency transfers occur outside of regular banking channels (i.e. Western Union, PayPal, OboPay, m_via etc).  However, there are no good solutions available for the receiving party to use the funds at physical merchants.  For individuals that do not have ready access to a bank (AKA “The Unbanked”), the ability to transfer money via their cell phone has become crucial. 

The cross boarder remittance flow in the US and abroad will be significantly enhanced by providing consumers with the ability to access one or more mobile payment solutions to pay for goods and services at physical retail locations.

Our sales and marketing efforts are focused heavily on the geographic location where the highest number of CheXout members reside; so tell your friends, family & colleagues to sign-up (top of page) so that your area is next!  You can also join us on Twitter, FaceBook, MySpace & LinkedIn.