Intelligent Clearing Network announced it has closed $450,000 in financing from an undisclosed investor.
Intelligent Clearing Network, Inc., operates as a software-as-a-service company that electronically validates and clears paper and digital coupons and other incentives in real-time at the point-of-sale (POS) in grocery, drug, and mass merchant retailers. Its single connection to a retailer POS allows its system to solve problems involved in misredemption, malredemption and fraud for the coupon industry. The company’s clearing network provides manufacturers, media companies, and retailers with real-time redemption information at the moment the incentive clears the retailer’s POS system.