Ryst

Ryst markets a unified payment platform for venues and events that consolidates transactions, access control, ticketing and consumer analytics into a single system. The core mechanism is RFID-enabled wearables that support real-time payments without requiring guests to preload funds, along with uncapped spending and rollover payment options. The platform also handles single-transaction refunds, exchanges and purchases, and supports membership schemes ranging from simple to complex.

Beyond payments, the product covers ticketing in multiple form factors that operators can brand, reuse and monetize, and access control features intended to be sold as revenue-generating experiences such as VIP entry, special attractions, backstage access or expedited lines. Related capabilities include dynamic pricing, safety and capacity management, gamification and vending. An analytics layer reports in real time on consumer spending patterns, preferences and movements, with detail down to the SKU level for each transaction point along the guest journey, supporting personalized experiences, targeted promotions, dynamic pricing and sponsorship packages. The company describes the offering as cloud-based, customizable and integrable with existing venue systems including point-of-sale and ticketing.

Business model

Ryst supplies venue and event operators with a cloud-based payment, ticketing, access control and analytics platform, positioning benefits around guest experience, revenue growth and simplified operations, with what it describes as minimal implementation cost and time.