{"id":463730,"date":"2021-01-28T06:57:53","date_gmt":"2021-01-28T04:57:53","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=463730"},"modified":"2021-01-28T06:57:53","modified_gmt":"2021-01-28T04:57:53","slug":"planet-fitness-makes-the-smart-move-in-partnering-with-bitventure-for-the-latest-payment-and-onboarding-technologies","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/industry-news\/463730\/planet-fitness-makes-the-smart-move-in-partnering-with-bitventure-for-the-latest-payment-and-onboarding-technologies\/","title":{"rendered":"Planet Fitness makes the smart move in partnering with Bitventure for the latest payment and onboarding technologies"},"content":{"rendered":"<p>Market-leading gym group, Planet Fitness, announced that they have adopted the latest in smart payment collection technologies for enhanced management of membership payments.<\/p>\n<p>This has transformed new member enrollment into a remarkably quick and seamless process and improved their collection success rates.<\/p>\n<p>The new technologies are powered by Bitventure, the payment, verification, and onboarding solutions specialists.<\/p>\n<p>Smart Point of Sale Devices (POS), advanced payment apps, and state-of-the-art collections software are currently deployed and have exceeded all expectations.<\/p>\n<p>Accelerated member-base growth and strengthened revenue streams are showing an immediate return on investment for the gym group.<\/p>\n<p><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/PWZrxDRRwiM\" width=\"640\" height=\"360\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><\/iframe><\/p>\n<p>Bitventure\u2019s solutions were officially rolled out in all Planet Fitness gyms across South Africa at the beginning of September 2020.\u00a0 The solutions include:<\/p>\n<ul>\n<li>The introduction of integrated <strong><a href=\"https:\/\/www.bitventure.co.za\/bitventurepay\/?utm_source=BusinessTech&amp;utm_medium=SponsoredArticle&amp;utm_term=January2021\" target=\"_blank\" rel=\"noopener noreferrer\">Smart Point of Sale Devices<\/a><\/strong><\/li>\n<li>An integrated Card Payment Application &#8211; <strong><a href=\"https:\/\/www.bitventure.co.za\/bitventurepay\/?utm_source=BusinessTech&amp;utm_medium=SponsoredArticle&amp;utm_term=January2021\" target=\"_blank\" rel=\"noopener noreferrer\">BitventurePay<\/a><\/strong><\/li>\n<li>The implementation of the <strong><a href=\"https:\/\/www.bitventure.co.za\/debicheck\/?utm_source=BusinessTech&amp;utm_medium=SponsoredArticle&amp;utm_term=January2021\" target=\"_blank\" rel=\"noopener noreferrer\">DebiCheck Application<\/a><\/strong><\/li>\n<li><strong><a href=\"https:\/\/www.bitventure.co.za\/bank-account-verification\/?utm_source=BusinessTech&amp;utm_medium=SponsoredArticle&amp;utm_term=January2021\" target=\"_blank\" rel=\"noopener noreferrer\">Bank Account Verification (AVS)<\/a><\/strong> and <strong><a href=\"https:\/\/www.bitventure.co.za\/strike-date-optimisation\/?utm_source=BusinessTech&amp;utm_medium=SponsoredArticle&amp;utm_term=January2021\" target=\"_blank\" rel=\"noopener noreferrer\">Strike Date Optimisation (SDO)<\/a><\/strong><\/li>\n<\/ul>\n<p><strong><a href=\"https:\/\/www.bitventure.co.za\/?utm_source=BusinessTech&amp;utm_medium=SponsoredArticle&amp;utm_term=January2021\" target=\"_blank\" rel=\"noopener noreferrer\">Click here to learn more about Bitventure<\/a><\/strong><\/p>\n<p>The portable Smart POS is a multifunctional device encompassing the features and flexibility of an Android Smartphone while doubling as a card payment terminal.<\/p>\n<p>Equipped with payment applications such as BitventurePay and DebiCheck, new member onboarding transactions are now 100% friction-free. Members can choose to tap or dip their cards, and all card types are accepted.<\/p>\n<p>The POS Devices are digitally integrated into Planet Fitness\u2019s existing member management system, providing automated processes for optimised internal workflows and enhanced member experiences.<\/p>\n<p>Mannee de Wet, Managing Director at Planet Fitness said, \u201dWe found that Bitventure\u2019s product and service offering was far superior to anything that\u2019s out in the market right now. The major benefit is the integrated Point-of-Sale. We wanted to integrate payment collection functionalities with our own management system through an API, which Bitventure offered.\u201d<\/p>\n<p>The DebiCheck mandate authentication application facilitates the electronic authentication (card and pin) of new debit order agreements. This feature secures ongoing monthly payments and provides complete transparency.<\/p>\n<p>According to PASA, 55 million debit orders are processed monthly in South Africa, 1,5 million of which gets disputed. The DebiCheck system addresses this issue by allowing members to confirm their debit orders through real-time authentication.<\/p>\n<p>To enhance Planet Fitness\u2019 collection success rates and reduce fraud, services such as real-time Bank Account Verification (AVS) and Strike Date Optimisation (SDO) are provided by Bitventure. As reported by the PWC, South Africa has a current economic crime rate of 60%.<\/p>\n<p>AVS and SDO services are helping Planet Fitness to address the threat of fraud hands-on. In addition, Bitventure\u2019s provision of real-time financial reporting provides vital insight into Planet Fitness\u2019 business data.<\/p>\n<p>Consumer demand for faster onboarding is increasing \u2013 in fact, 70% of South African consumers consider a good customer experience to be a key deciding factor when choosing a service provider to sign up with.<\/p>\n<p>According to Bitventure CEO, Junior Biola, new member onboarding done through outdated, complicated, and time-consuming processes are stumbling blocks for modern businesses, regardless of the industry.<\/p>\n<p>\u201cWe see our partnership with Planet Fitness as another step towards our effort to reduce risk and increase revenue for businesses. Smart payment solutions offer security, convenience, and transparency that is unprecedented,\u201d said Biola.<\/p>\n<p>Planet Fitness and Bitventure are on a journey to enhance business processes, and together, they are setting the benchmark for member onboarding in the South African health and fitness industry.<\/p>\n<p>In light of the latter, De Wet said, \u201cThe onboarding journey, from when the client walks in, to when the client is signed up, is now an electronic process. It\u2019s just so much more seamless. The new functionalities have created a better experience for gym members.\u201d<\/p>\n<p>For Planet Fitness, choosing smart solutions are genuinely proving to be a smart move.<\/p>\n<p>For more information, visit <strong><a href=\"https:\/\/www.bitventure.co.za\/?utm_source=BusinessTech&amp;utm_medium=SponsoredArticle&amp;utm_term=January2021\" target=\"_blank\" rel=\"noopener noreferrer\">www.bitventure.co.za<\/a><\/strong>, or send an email to <strong><a href=\"mailto:info@bitventure.co.za\" target=\"_blank\" rel=\"noopener noreferrer\">info@bitventure.co.za<\/a><\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Market-leading gym group, Planet Fitness, announced that they have adopted the latest in smart payment collection technologies for enhanced management of membership payments. This has transformed new member enrollment into a remarkably quick and seamless process and improved their collection success rates.<\/p>\n","protected":false},"author":57,"featured_media":463732,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10459],"tags":[14911],"class_list":["post-463730","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-news","tag-bitventure"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/463730","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/57"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=463730"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/463730\/revisions"}],"predecessor-version":[{"id":463808,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/463730\/revisions\/463808"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/463732"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=463730"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=463730"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=463730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}