The future of payments is here. Are you ready?
Handpoint and iVend Retail Systems partner up to bring simple and secure EMV payments to merchants of all sizes
Times are changing for North American merchants, in ways both big and small. For the US, the liability shift is still a hot topic from last October and merchants are trying to figure out how to adapt to these new EMV requirements, or if they should adapt to them at all. This shift could be the perfect opportunity for merchants across North America to get rid of an old and bulky ECR with a standalone payment terminal and switch over to the more user-friendly, tablet-based point of sale systems. With an integrated payment terminal, the entire checkout process becomes simpler, cheaper and more efficient for everyone involved.
Whether you’re upgrading your current system or selecting a new POS solution there are many things to consider to reflect the evolving retail environment and the way customers pay. Updating your payment terminal brings many benefits beyond fulfilling the requirements suggested by the EMV liability shift. Ideally, payment terminals today should be able to accept multiple kinds of payments, like magstripe, chip, or contactless cards, as well as contactless (NFC) payments via smart devices using services like Apple Pay, Android Pay, and Samsung Pay. This improves the customer’s purchase experience and keeps the cardholder’s sensitive data safer with the use of security standards like EMV and P2PE.
Retailers are learning the value of mobility and the ability to accept payments anywhere, either in-store to break the queuing model, or outdoors to enhance customer experience at a pop-up market. Having a payment terminal that can combine the advantages of mobility and a direct integration with the point of sale system can open up endless possibilities for merchants of all sizes.
Integrated payments have been used for years in the enterprise sector because of their many benefits. For example, bypassing the need to manually enter the amount into the terminal reduces the total checkout time and eliminates the risk of human error. In addition, the result of the card transactions is automatically delivered to the POS system, saving a lot of work by eliminating the need to tally the payment terminal at the end of the day. The transaction details are easily accessible in the event that receipts need to be re-printed, a transaction needs to be cancelled or refunded. All of these functions can be performed within the POS system, streamlining the entire process.
Teaming up with great partners like iVend Retail enables merchants to get a first class mobile point of sale system with secure and simple payments powered by Handpoint. See for yourself how well the iVend Retail and Handpoint solutions work together at RSPA RetailNOW show on July 31st to August 3rd in Grapevine, Texas, where you can try it out for yourself and learn more.
For more information regarding the payment services provided by Handpoint in North America, Europe, and South-Africa, visit www.handpoint.com or contact our business team via sales@handpoint.com.
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