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Modiv Shopper: Using data mined from consumers to
target advertising on the spot.
From MIT Technology Review, October 20,
2009
by Erica Naone
Grocery stores in the United States and elsewhere have
gotten customers
used to carrying "loyalty cards" that track their shopping habits in
exchange for in-store discounts. The Modiv Shopper, made by Modiv Media
of Quincy, MA, takes things one step further. Customers using the
device, which works with the store card, can save time by scanning and
bagging their own groceries as they shop. Meanwhile, it displays
advertising and offers electronic coupons for instant savings, all
chosen according to the customer's purchasing history and location in
the store. Introduced in July 2007, the Modiv Shopper is now used in
260 stores. The company says customers who use it spend $7 more per
trip--and visit the store 10 percent more often--than they would
otherwise. Modiv makes its money by licensing and developing its system
for retailers and by collecting advertising revenue whenever an offer
is displayed.
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Read the Full Article: Technology Review
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