VeriFone Systems – an e-payment services provider – and iPayment – a card payment processing company – have partnered to deploy a tablet POS solution for small merchants in the US.
The ‘iPayment POS’ is designed for the more than 150,000 small businesses that iPayment currently serves directly, through independent sales organisations and other multiple direct distribution channels in the country.
Shan Ethridge, vice president and general manager at VeriFone, North America, said: "VeriFone is impressed with the innovative technology and tools iPayment provides to small and medium sized merchants; they have been instrumental in customising this solution to address the needs of the marketplace.
The solution, based on an iOS app, is a combination of VeriFone’s GlobalBay Merchant technology and other iPayment proprietary solutions.
Carl Grimstad, iPayment’s president and CEO, commented: "We evaluated all the tablet POS offerings on the market and it became abundantly clear that VeriFone has a superior product backed by market-leading expertise and deep support capabilities that would best serve our customers."
The bundle includes the iPayment POS software, an iPad, cash drawer, bar-code scanner, stand and printer, as well as a VeriFone PAYware Mobile e100 secure audio reader or the VX 805 PIN Pad.
"Tablet point of sale is ready to move from the early adopter phase to the mainstream market of small business merchants," said Ethridge.
"With iPayment POS, main street merchants get a turnkey solution that leverages iPayment’s superior merchant distribution and service capabilities along with VeriFone’s resources and proven technology."
The POS functionalities are inventory management, service and appointment scheduling, business analytics, customer management, built-in loyalty, and marketing campaigns. The tablet can support different types of payments: NFC, EMV, PIN/Debit and magnetic stripe.
Earlier this week, another tablet POS solution aimed at small businesses was launched by the deal website Groupon.
Called Gnome, it also works on iPad and was described by the company’s vice president, Kartik Ramachandran, as "a product that will be intertwined with the DNA of the merchant’s business and customer base".
Groupon started testing Gnome in December 2013 and is currently rolling it out more widely.