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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 />
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4 STARTUP SPOTLIGHT