Receipt and business card digitization serviceShoeboxed is now starting to do something with all the data it scans and stores online, which now includes tens of millions of receipts. The company this week launched a new initiative called “Shoeboxed Labs,” which will allow it to roll out experimental features to its core service more rapidly. The first feature is called “Price Deputy,” a price comparison service that alerts consumers to better deals after they purchase.
The opt-in service works by comparing a shopper’s receipts to others in the Shoeboxed database. Basically, Price Deputy checks the items on the receipt and the prices paid, and sees if anyone else got a better deal. If so, the consumer is alerted to this, and the service will summarize the retailer’s return and price-matching policies so they’ll also know what steps to take next — that is, whether to ask for a price match or simply return the item and shop elsewhere.
