Mobile startup Stampt, which aims to replace the traditional store loyalty card with an app, formally announced its new service today. The Stampt app, launching initially on the iPhone, is intended to replace “buy 10-get-1-free” paper cards with a single solution for keeping track of rewards programs at local shops and restaurants.
For merchants, San Francisco-based Stampt promises to provide a better way to increase customer loyalty, purchases and brand awareness. The way it works is that users scan the Stampt app on a....