Prestigious International Annual Awards Program Recognizes Standout Marketing, Advertising and Sales Technology Around the World
BOULDER, Colo.--(BUSINESS WIRE)--Rain Technology, the innovator of the world’s most advanced directional display technologies, today announced that its POS Switchable Privacy™ display solution has been selected as the winner of the “SalesTech Innovation Award” in the 7th annual MarTech Breakthrough Awards program conducted by MarTech Breakthrough, a leading market intelligence organization that recognizes the top companies, technologies and products in the global marketing, sales and advertising technology industry today.
“We are excited to be the first POS display company to offer Switchable Privacy to large retail chains that assures customer privacy while completing transactions. Plus, when idle, the Datecs POS display can electronically promote retailer branding.”
Rain Technology’s POS Switchable Privacy display protects against visual hackers, snoopers and shoulder surfers at ATM, kiosk or point of sale (POS) displays in retail stores, restaurants and other public settings. A Privacy Mode obscures visibility of the display for everyone other than the primary viewer, visually protecting customer data so transactions can be completed with confidence. Once a customer engagement or transaction is complete, the POS display defaults to a Widescreen Mode, allowing retailers to present advertising, customer incentives and programs, or other messaging or branding. Display Screen Branding™ technology can additionally provide a unique logo or messaging design to peripheral viewers while the display is in Privacy Mode.
“Rain Technology’s POS Switchable Privacy is a game changer in the POS market sector,” said Ivan Iliev, chief operating officer at partner Datecs, a leading manufacturer, developer and seller of POS solutions. “We are excited to be the first POS display company to offer Switchable Privacy to large retail chains that assures customer privacy while completing transactions. Plus, when idle, the Datecs POS display can electronically promote retailer branding.”
Technically speaking, Rain Technology holds the patent for creating a thin, embedded proprietary layer within the liquid crystal module of a display screen. The patented approach is focused on directing and controlling the light coming out of the displays, allowing for privacy to be switched on and off. The design parameters such as privacy angle and percentage visibility are determined during panel manufacturing to meet the specified geometry and activated by a hardware or software trigger, electronically switching a display from Share to Privacy Mode to control the viewing angle.
Customer and staff-operated POS terminal numbers are expanding rapidly, and those same customers are increasingly sensitive to their purchases and data being “visually hacked,” particularly when the POS terminals are placed close to each other or in high-traffic retail settings. The POS terminal market size is estimated at $100.24 billion in 2024 and is expected to reach $151.97 billion by 2029, according to Mordor Intelligence. LexisNexis’ 2021 True Costs of Fraud study found the average U.S. retailer faced 1,515 fraud attempts each month in 2020, and nearly half of those attempts were successful.
For consumers, a private POS experience creates a higher degree of comfort in engaging with content, whether they purchase without judgment, check financial information, provide candid feedback, enter private information, or even tip their server. For retailers, greater engagement and brand affinity mean more opportunities to hold the customer’s attention for cross-selling. Increasing digital engagement also means better data capture for optimized pricing, promotion and product insight.
“Customers want to feel that retailers are paying attention to their privacy and the protection of their data. A POS terminal is a visible manifestation of this, and poor attention to privacy may suggest a similar attitude to customer data. Retailers who care about customer security create positive brand sentiment and greater brand engagement,” said Robert Ramsey, CEO of Rain Technology. “Thank you to MarTech Breakthrough for acknowledging this technology that helps retailers deliver a customer experience that elevates privacy, demonstrates their dedication to staying technologically current, and differentiates them from the competition.”
The mission of the MarTech Breakthrough Awards is to honor excellence and recognize the innovation, hard work and success in a range of marketing, sales and advertising technology related categories, including marketing automation, customer experience, performance marketing, AdTech, SalesTech, marketing analytics, content and social marketing, mobile marketing, and many more. This year’s program attracted thousands of nominations from over 15 different countries throughout the world.
“This novel system from Rain Technology has benefits for consumers, retailers and financial institutions. Retailers adopting POS devices may utilize physical shields and frames to protect themselves and their customers from risk. Yet, well-practiced hackers can still steal PINs and other sensitive information or surreptitiously record images,” said Steve Johansson, managing director at MarTech Breakthrough. “Rain Technology’s Switchable Privacy solution renders these hacking practices next to impossible. Congratulations on being our pick for the SalesTech Innovation Award! The technology delivers two advantages to retailers and customers through its switchable modes: better communication and engagement without jeopardizing sensitive data.”
Part of Tech Breakthrough, a leading market intelligence and recognition platform for global technology innovation and leadership, the MarTech Breakthrough Awards program is devoted to honoring excellence in marketing, ad and sales technology companies, products and people. The MarTech Breakthrough Awards provide a platform for public recognition around the achievements of breakthrough marketing technology companies and products in categories including marketing automation, AdTech, SalesTech, marketing analytics, performance marketing, CRM, content and social marketing, website, SEM, mobile marketing, and more. For more information, visit MarTechBreakthrough.com.
Rain Technology is a Display Technology Innovator. The company created the world’s most advanced directional and switchable privacy display technology and licenses its IP to tier one manufacturers and supply chain partners of laptops and monitors, smartphones, point of sale (POS) systems, ATMs, automotive displays, and AR/VR devices. Key brands include Switchable Privacy™, No-Driver-Distraction™, Display Screen Branding™ and Anamorphic-XR™ and benefit IT departments, marketers and consumers. Founded in 2017 and privately held, Rain Technology is headquartered in Boulder, Colorado, with operations in the UK and Taiwan. Visit Rain Technology at www.raintechnology.com, and follow the company on LinkedIn, Facebook and Instagram.
POS Switchable Privacy, Switchable Privacy, No-Driver-Distraction, Display Screen Branding and Anamorphic-XR are trademarks of Rain Technology. All other brand names and solution names are trademarks or registered trademarks of their respective companies.
Tech Breakthrough LLC does not endorse any vendor, product or service depicted in our recognition programs and does not advise technology users to select only those vendors with award designations. Tech Breakthrough LLC recognition consists of the opinions of the Tech Breakthrough LLC organization and should not be construed as statements of fact. Tech Breakthrough LLC disclaims all warranties, expressed or implied, with respect to this recognition program, including any warranties of merchantability or fitness for a particular purpose.
Published on August 27, 2024 09:30 AM Eastern Daylight Time
