Automated Cashback Campaign Processing Boosts Retail Spend
| Last updated:
August 21, 2024
Automated cashback campaign processing just turned Melbourne into a culinary hotspot, and boy, did the city eat it up! Waivpay, armed with Taggun's whiz-bang receipt scanning tech, cooked up a $40 million feast of a campaign that had foodies buzzing and restaurateurs grinning from ear to ear. The recipe? Simple. Snap a pic of your dinner bill, upload it faster than you can say "flat white," and voila - 20% cashback lands in your pocket. This tech-powered approach wasn't just easy as pie for diners; it injected a whopping $40 million into local eateries quicker than you can gobble down a meat pie. With a mind-boggling 350,000 claims devoured in just six weeks, Waivpay exceeded expectations. The outcome was a real win-win with happier wallets, fuller bellies, and a city buzzing with newfound energy. Who knew receipt scanning could be the secret ingredient to reviving a city's dining scene?
Michael Bamford
Head of Product
,
Waivpay
Melbourne's $40 Million Bet on Automated Cashback Technology
Waivpay, Australia's leading provider of digital payment solutions, faced a monumental task. The City of Melbourne sought to revitalize its post-pandemic dining scene with a bold initiative offering 20% cashback on restaurant bills. This $40 million government-funded campaign demanded a solution that could handle an unprecedented volume of receipt submissions rapidly and accurately.
The technical hurdles were significant:
- Process hundreds of thousands of varied receipts swiftly
- Extract key information, including Australian Business Numbers (ABNs)
- Ensure accuracy to prevent fraudulent claimsIntegrate seamlessly with existing systems
- Provide a user-friendly experience for all dinersTime was critical. The city needed a solution implemented quickly to jumpstart economic recovery.
Traditional manual processing methods wouldn't suffice for a campaign of this scale. Waivpay required a technology partner capable of addressing these complex requirements while maintaining the integrity of the massive public initiative. The pressure was on to deliver a robust, efficient system that could turn the City of Melbourne's ambitious vision into reality and inject much-needed vitality into the local restaurant industry.
Preparing for the Campaign Rush
Waivpay's partnership with Taggun began in March 2021, aimed at revitalising Melbourne's dining scene.
The integration process was remarkably efficient:
• Less than a week to build and test the workflow
• Seamless incorporation into Waivpay's campaign software
• Custom AI model development for Australian Business Number (ABN) extraction
• Pre-launch reconfirmation of projected quantities and pricing
By June 2021, the campaign was live, powered by Taggun's receipt transcription technology. The system efficiently processed receipts, extracting key data like retailer details, transaction amounts, and dates. This automated validation enabled rapid cashback processing, eliminating manual checks and potential errors.
Taggun's scalable solution handled increasing submission volumes without compromising speed or accuracy. Throughout the campaign, they provided direct support to Waivpay, ensuring smooth operations.
The partnership's success stemmed from Taggun's quick implementation, tailored solutions, and responsive support. This allowed Waivpay to meet the City of Melbourne's urgent need, resulting in a user-friendly system that processed over 350,000 claims in just six weeks, far exceeding initial expectations.
Scaling to Success with an AI Powered Cashback Campaign
Waivpay and Taggun's partnership delivered impressive results for Melbourne's dining revival:
- 350,000+ claims processed in under six weeks
- $8.4 million in redemption transactions
- $40+ million generated in restaurant dining spend
The campaign's success went beyond numbers:
- Rapid implementation met urgent market needs
- Seamless integration enhanced user experience
- Scalable system handled high volumes effortlessly
Waivpay gained significant advantages:
- Swift market entry
- Easy integration process
- Direct, responsive support from Taggun
Custom AI for ABN extraction ensured campaign integrity and accuracy for Australian market needs. Automated validation eliminated errors and manual checks, significantly improving efficiency.
The entire integration process took less than one week to build and test, showcasing the partnership's agility.
This project not only revitalised Melbourne's dining scene but also demonstrated the power of AI-driven solutions in large-scale promotions. It positioned Waivpay as an industry innovator, capable of executing complex, time-sensitive initiatives with precision.
Custom Built Large Scale Cashback Campaign Processing
Taggun's AI-powered technology formed the core of Waivpay's cashback campaign success.
The system used advanced OCR and machine learning to extract crucial receipt data:
- Retailer name and address
- Receipt date and timeTax and total amounts
- Custom extraction of Australian Business Numbers (ABNs)
A standout feature was the custom-built model for ABN extraction, crucial for verifying eligible transactions within Melbourne.
The scalable API integration allowed for rapid deployment, seamless handling of high volumes, and easy adaptation to Waivpay's software. It supported processing over 350,000 claims without compromising speed or accuracy.
Key technical aspects included:
- Real-time processing for immediate user feedback
- Strict data security protocolsCloud-based deployment for flexible scaling
This robust technical foundation provided Waivpay with an efficient, reliable, and adaptable system for their large-scale campaign.
The Future of Frictionless Rewards
Waivpay's partnership with Taggun demonstrates the transformative power of AI in large-scale promotional campaigns. The success of Melbourne's dining revival initiative showcases how the right technology can turn ambitious goals into tangible results.
Comparative Advantage
Waivpay chose Taggun over alternatives due to:
- Deep understanding of the Australian market
- Superior accuracy in ABN number extraction
- Predictable pricing and quantity forecasting
- Ability to set realistic client expectations
Unique Selling Points
For this specific use case, Taggun's solution stood out with its:
- Rapid integration and deployment
- Scalability to handle high-volume submissions
- Custom AI models tailored to Australian requirementsFuture Applications
The adaptability of Taggun's technology promises potential expansions:
- Application to other retail segments beyond restaurants
- Integration with broader loyalty and rewards programs
- Support for multi-city or nationwide campaigns
Emerging Trends
As the digital payments landscape evolves, Taggun is poised to address:
- Increased demand for contactless transactions
- Growing need for real-time data analytics in promotional campaigns
- Rising importance of personalized customer experiences
Michael Bamford, Head of Product at Waivpay, summed up the partnership by saying, "Taggun is fantastic, they felt like part of our team. We would have no hesitation to recommend them 100%. Their ability to understand the Australian market and the importance of ABN number extraction accuracy set them apart from other OCR companies."
This case study illustrates how choosing the right technology partner can not only meet immediate business needs but also position companies for future innovations in customer engagement and loyalty programs.
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