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“ WE EXPECT MOST CLIENTS TO SEE IMPROVEMENTS IN SALES LIFT FROM 30%-150%<br />

BY USING COMMERCE SIGNALS AND ACTING ON THE NEAR-REAL TIME INSIGHTS.”<br />

PCM: Tell us about Commerce Signals. How did this<br />

idea come to be?<br />

Thomas Noyes, the founder of Commerce Signals,<br />

recognized that banks had incredibly powerful<br />

consumer behavior data in payments, but did not have<br />

a controlled and privacy centric way to share that data<br />

back with their merchants.<br />

PCM: Why is it called Commerce Signals?<br />

We leverage aggregate payment data to help retailers<br />

and restaurants know if their marketing is driving<br />

incremental sales.<br />

The payment data (Commerce) is the signal to the<br />

merchant that their marketing is working or where<br />

improvement is possible.<br />

PCM: Why is Commerce Signals needed?<br />

Many marketers still measure the success of digital<br />

marketing campaigns with sales proxies such as clicks,<br />

impressions, likes and views because understanding<br />

the impact on offline sales is too slow and complex.<br />

Commerce Signals solves this problem.<br />

In near-real time, we help merchants know if their<br />

advertising is working so they can optimize it to drive<br />

more sales.<br />

PCM: What makes Commerce Signals different?<br />

With under 72-hour response time, we are the fastest<br />

way to measure digital advertising’s impact on in-store<br />

sales. Our speed enables merchants to optimize their<br />

digital media campaigns mid-flight to drive more sales.<br />

PCM: What were some of your biggest challenges<br />

for launching this business?<br />

We have built a unique set of data relationships with<br />

the world’s leading payment pro-viders and banks that<br />

provide 70% coverage of US purchase transactions.<br />

For a host of privacy and reputational reasons, these<br />

data partners have tight controls on how their data is<br />

used.<br />

We’ve done the hard work of developing a patented,<br />

privacy centric model with the necessary controls that<br />

enable delivering near-real time insights through our<br />

self-service tool.<br />

This allows a new client to be up and running with<br />

Commerce Signals in just a week or two rather than<br />

spend years working through all the legal and IT<br />

complex-ities themselves.<br />

PCM: Tell us about your expansion plans and how<br />

you go about choosing the next region you expand<br />

into?<br />

The U.S. is our current biggest priority, but we will enter<br />

new geographies as customer needs dictate.<br />

PCM: What are the 3 things you want people to<br />

know about your company?<br />

(1) We are the fastest way to know if your digital<br />

12<br />

4 STARTUP SPOTLIGHT

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