Loop Commerce Named Most Innovative for 2017 in Payments, Commerce and Retail at the 5th Annual Innovation Awards Ceremony and Dinner at Fenway Park

The 2017 Innovation Project prestigious Innovator Awards honored Loop
Commerce’s GiftNow™ with first place and Gold Medal for the category of
Most Innovative Payments Player, in what marked the pinnacle award for
the evening and conclusion of the Innovation
Project 2017
.

“It is a true honor to be recognized as a leader amongst such prominent
and well-regarded companies disrupting the retail and payments
ecosystems,” said Roy Erez, CEO and Co-Founder of Loop Commerce. “Four
years ago, we embarked on a mission to redefine how consumers buy and
receive gifts online, challenging the fundamentals of how commerce
operates and overcoming the obstacles associated with these type of
purchases, to benefit the industry as a whole. The commerce, retail and
payment industries are experiencing the beginning of a behavior shift in
consumer gifting, as well as the birth of a new type of online
transaction that benefits consumers, merchants and payment providers
alike. During this time of significant transformation, we are truly
thrilled to receive such a prestigious industry award.”

GiftNow is the first and leading product e-gifting platform and service
powering the shopping experience, checkout and delivery of gifts for
leading retailers including Saks Fifth Avenue, Neiman Marcus, Macy’s,
Coach, Bergdorf Goodman, American Giant, among others. This platform
creates a simple and more thoughtful gift-giving and receiving
experience for consumers, who can easily send gifts via a merchant’s
online store using only the recipients e-mail address. Recipients can
then accept their gift and configure it to their own personal
preferences – selecting size, style, color, or exchanging the gift
virtually and easily, before having it shipped to the address of their
choosing.

“The PYMNTS Innovation Awards celebrate the companies, and men and
women, who have made the most significant contributions to innovation in
payments and commerce in the past, and the entrepreneurs who have the
most promising solutions for driving innovation forward,” according to
Karen Webster, CEO of PYMNTS.com. “I’m very honored to be able to
recognize these contributions at IP 2017.”

Six finalists across 15 categories competed for Gold, Silver and Bronze
medals. Some of the other categories included Best B2B Innovation, Best
Debit Innovation, Best Merchant Solution, Most Disruptive Innovation,
and more.

The Awards Dinner held at Fenway Park was emceed by Jason Alexander
who’s known by millions for his role as George Constanza on “Seinfeld”
and, of course, for making the “fat wallet” famous. This year, new and
seasoned payment executives alike had a chance to interact with him at a
dinner for delegates of the fifth anniversary of the Innovation Project.

The Innovation Project brings together the most senior executives and
thought leaders in payments, commerce and retail each year for two days
of closed door, off-the-record discussions held at Memorial Hall on the
campus of Harvard University in Cambridge, MA.* This year, this highly
unique and high-powered forum shared their insights on where they’re
placing their bets on the future of payments innovation as they look
ahead to the next decade.

* The Innovation Project® and PYMNTS.com® are not affiliated with
Harvard University, nor is the Innovation Project® 2017 a Harvard
University program or activity.

About Loop Commerce

Loop Commerce is driving a paradigm shift in e-commerce by removing the
obstacles consumers face when trying to buy a physical product as a
gift. GiftNow, Loop’s enterprise-grade, fully customizable product
e-gifting platform and service, is powering the shopping experience,
checkout and delivery of gifts within leading retailers’ online stores.
Loop Commerce created a new e-commerce category by unlocking
transactions previously not accessible, while creating the consumer
expectation for what the online gifting experience should be. By
integrating the personalization of gifting with the convenience of
online shopping, Loop makes buying gifts simpler and more thoughtful for
consumers, while driving significant business value for retailers.
Loop’s solution seamlessly integrates with retailers’ online stores
through a zero-integration implementation, driving incremental sales,
reducing costly returns and exchanges and shipping costs, and enhancing
customer acquisition and loyalty. The company’s groundbreaking SaaS
solution was built and optimized with significant R&D and collective
experience working with some of the largest and most demanding retail
brands. Loop is backed by PayPal and key executives in technology,
e-commerce and retail. For more information about Loop Commerce, visit
our website
and follow us on Twitter @LoopCommerce and
on LinkedIn.

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