POS Innovation

Vantiv And Revel Launch Entrepreneur Startup Contest

Vantiv And Revel Search For Startup Talent

Social media has made it easier than ever for aspiring entrepreneurs to get the news out on their latest and greatest ideas. Fortunately for them, though, sometimes established companies are eager enough for new blood in the engine of retail disruption that they're willing to put the call out themselves.

That's the mission of POS developer Revel Systems and payments processor Vantiv, as the two companies announced a partnership Wednesday (June 15) that will culminate in the "Revel Up Your Dream" contest to find the next great entrepreneur on Facebook, Twitter and Instagram. Entrants just have to submit a video explaining their business plans and why Revel and Vantiv should pick them, and come Revel's annual conference in September, the winner of a $25,000 POS and hosting prize package will be announced.

It's a fun little experiment with the power of social media that Kevin Brown, leader of direct channel development at Vantiv Integrated Payments, hopes can find someone worthy of the support.

“This contest allows us to demonstrate our combined commitment to foster new business startups," Brown said in a statement. "The entrepreneurial vision is exciting as it challenges the norm and breaks down the barriers around how new business serves us as consumers. Both Revel and Vantiv drive the same spirit through our businesses and partnerships and we want to reward someone for doing the same. This program will manifest in career and business growth and revealing people's unlimited potential. We can’t wait to see the videos.”

As part of the contest, Revel is also launching a "Revel Up Your Dream" blog, which will serve as a constant resource for entrepreneurial advice, tools, current events and more.

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NEW PYMNTS DATA: HOW WE SHOP – SEPTEMBER 2020 

The How We Shop Report, a PYMNTS collaboration with PayPal, aims to understand how consumers of all ages and incomes are shifting to shopping and paying online in the midst of the COVID-19 pandemic. Our research builds on a series of studies conducted since March, surveying more than 16,000 consumers on how their shopping habits and payments preferences are changing as the crisis continues. This report focuses on our latest survey of 2,163 respondents and examines how their increased appetite for online commerce and digital touchless methods, such as QR codes, contactless cards and digital wallets, is poised to shape the post-pandemic economy.

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