POS SOLUTIONS

Epos Now Taps Prelim to Augment Online Operations for Enhanced Digital POS Experience

Prelim | March 21, 2022

Prelim, a fintech provider optimizing digital banking experiences for financial institutions, announced its newest partnership with Epos Now, a global software and payments technology company that specializes in digital Point of Sale systems (POS). Prelim’s flexible low code solution will allow Epos Now to offer an enhanced digital experience, simplifying financial services onboarding for small businesses around the world.

Epos Now, a leading cloud-based software provider supporting over 51,000 retail and hospitality locations across 71 countries provides flexible software customized for each business’ specific needs and enables convenient access to financial services like payment acceptance and credit. Prelim’s technology will accelerate Epos Now customer’s access to the financial services they rely on to run and grow their businesses.

“We’re excited to work with Prelim to automate our onboarding processes because of how their platform supports our growth. With Prelim we can handle every flavor of compliance requirement we face as we expand our suite of financial services and launch in more countries across the globe,” said Jacob Olins, Vice President of Marketplace and Embedded Finance at Epos Now.

“As Prelim’s first international client, we’re excited to be working with Epos Now and by the opportunity for Prelim’s solution to support their clients. I look forward to our partnership and how our technology will help enhance and simplify the digital payments needs of retail and hospitality professionals around the world.” 

Heang Chan, CEO and founder of Prelim
 
About Prelim
Prelim helps financial institutions digitize the customer journey from onboarding to servicing while also improving the employee journey by streamlining and automating internal operations from reviewing to processing to underwriting to servicing. Built by banking experts, Prelim's no-code, white-labeled platform delivers a better customer experience by automating the workflows and processes for financial institutions, from identity verification to issuing services from the core and so much more. 

Spotlight

This report has been released in association with Retailers Association of India (RAI). This publication highlights the most relevant themes for retail in India and brings perspectives from over 20 CEOs of top retailers in India.

Spotlight

This report has been released in association with Retailers Association of India (RAI). This publication highlights the most relevant themes for retail in India and brings perspectives from over 20 CEOs of top retailers in India.

Related News

POS RETAIL

PayPal Introduces "Checkout with Crypto"

PayPal | March 31, 2021

PayPal Holdings, Inc. today announced the introduction of Checkout with Crypto, a new feature that greatly extends cryptocurrency's usefulness. PayPal customers of cryptocurrency holdings in the United States would be able to opt to check out with crypto seamlessly via PayPal at checkout and would be accessible at millions of major online businesses which will continue to grow throughout the coming months. Customers using Checkout with Crypto can check out securely and quickly, transferring cryptocurrency holdings to fiat currency1 at checkout, with an assurance of value and no extra processing costs, building on the opportunity to buy, retain, and sell cryptocurrency with PayPal. Checkout with Crypto would appear in the PayPal wallet for customers that have enough cryptocurrency balance to fund a qualified order. "As the use of digital payments and digital currency grows, the launch of Checkout with Crypto continues our emphasis on driving mass acceptance of cryptocurrencies while offering PayPal customers options and convenience in the ways they can pay using the PayPal wallet," said Dan Schulman, president, and CEO of PayPal. "Enabling cryptocurrencies to be used to enable payments at businesses around the world is the next chapter in pushing digital currency ubiquity and mainstream adoption." Checkout with Crypto adds another way for shoppers to pay and businesses to be compensated, enhancing the utility of cryptocurrency holders. Introducing a New Way for Businesses to Get Paid Checkout with Crypto helps a business's customers to pay with cryptocurrencies without needing any extra integrations or payments from the business. Both purchases are settled in USD and converted to the relevant business currency using the regular PayPal exchange rates. Checkout with Crypto helps customers to sell bitcoin via PayPal and then pay a business for select online transactions in a single smooth checkout flow. Checkout with Crypto is a logical expansion of the large portfolio of services available to merchants to drive interaction with their clients, and it continues PayPal's dedication to enabling choice in the way customers pay and businesses get paid. Using Checkout with Crypto Checkout with Crypto would function as a payment form for a buyer to choose whether they have enough cryptocurrencies of a particular sort in their PayPal wallet to support the transaction amount. The Checkout with Crypto payment flow, which occurs alongside other payment options in the PayPal wallet such as a bank account, balance, or credit card/debit card, remains identical and common to other ways of checking out with PayPal: • If a consumer has an adequate balance of cryptocurrencies to fund a qualifying order, crypto would be shown as a payment form for that transaction during the checkout process. • Customers will be able to choose their preferred cryptocurrency – Bitcoin, Litecoin, Ethereum, or Bitcoin Cash – based on their PayPal accounts and the balances available in each cryptocurrency. Each transaction will only use one form of cryptocurrency. • When the customer approves the order, PayPal converts the cryptocurrency to fiat currency on the customer's behalf and the exchange is done. The buyer will be given a record of both the cryptocurrency transaction and the item purchased. • PayPal does not charge a processing fee by using cryptocurrencies to make a purchase – a cryptocurrency exchange spread is built into the conversion from cryptocurrency to USD. Qualified Checkout with Crypto transactions provide PayPal's safety, security, and other advantages, such as 24/7 fraud prevention, return shipping, and purchasing protection on eligible items. Checkout with Crypto is also available to PayPal customers in the United States. Fiat currency is government-issued money that is not backed by a tangible asset like gold or silver but only by the government that issued it. About PayPal For more than two decades, PayPal has been at the forefront of the digital payment boom. The PayPal network enables more than 375 million customers and retailers in more than 200 countries to enter and prosper in the global economy by leveraging technology to make financial services and commerce more convenient, affordable, and secure.

Read More

POS SOLUTIONS

JumpMind Announces the Release of JumpMind Commerce 3.0

JumpMind | January 24, 2022

JumpMind, a leading retail commerce provider, announces the availability of JumpMind Commerce 3.0 with in-store experiences including traditional POS, mobile POS, self-checkout, customer display, BYOD, and POS on the Go. This release extends the core platform’s omnichannel functionality including new ship from store capabilities along with advanced in-store pick management. Additionally, JumpMind Commerce 3.0 expands on the Customer Functionality with new capabilities for supporting subscriptions. Retailers can now leverage one user experience in store for all omnichannel orders, including buy online pickup in-store, curbside, same-day delivery, and ship from store. The associate has the ability to accept or reject orders, pick items, and pack them into one or multiple boxes. The complexity involved in all of the omnichannel journeys that a retailer provides can make an associate’s day-to-day tasks difficult to complete. With JumpMind Commerce, an associate can leverage one device with a single UX for all sales, returns, endless aisle orders, and order fulfillment. This user experience is completely responsive and agnostic to device size or operating system. With advanced in-store picking functionality, JumpMind Commerce provides capabilities for an associate to group orders to pick based on location, priority, or order type. As the number of omnichannel journeys has expanded, the need for granularity in pick operations along with efficiency is paramount. "Stores are becoming mini distribution centers, where associates are tasked with managing multiple pickup and delivery order types with varying SLAs. Our goal is to simplify that experience for the associates and help retailers to see efficiency gains in their omnichannel operations," - Joe Corbin, VP Sales & Marketing at JumpMind. JumpMind Commerce expands on its customer functionality to add in subscriptions. A customer can purchase a new subscription or manage an existing one. Many retailers are beginning to offer these types of services, whether it's a veterinary care package, a wine club, or recurring consumable items. Traditionally these programs have been eCommerce only, with JumpMind Commerce 3.0, a retailer can also provide this to their in-store customers. AboutJumpMind:- JumpMind is an enterprise software company specializing in retail commerce, data integration, and data synchronization software. Our mission has been to build software that is creative, practical, and easy to use. We embrace the latest technologies to enable retailers to have an architecture that is built for the future, with the agility commerce demands. We strive to build great products and provide exceptional service to our customers. JumpMind Commerce is our industry-leading, microservices commerce platform with a responsive web user experience for in-store POS, mobile POS, Scan and Go, Self-Checkout, and POS on the Go.

Read More

POS SOLUTIONS

Euronet Worldwide’s epay division successfully drives global expansion of subscription payment products through its new recurring billing platform

epay & Euronet Worldwide, Inc | November 12, 2021

epay, the digital payments processing business segment of global financial technology solutions and payments provider Euronet Worldwide, Inc. (NASDAQ: EEFT), announced multiple launches for its new recurring billing solution consisting of subscription products for Microsoft 365, Xbox Game Pass Ultimate, and Xbox All Access in North and South America, Europe, Asia and Australia1. The new recurring billing platform enables companies and brand partners worldwide to easily offer their digital products with subscription-based pricing while expanding the capabilities of epay’s digital content portfolio. epay’s new solution empowers retailers, telcos and brands to generate recurring revenue from products that were previously sold in one transaction while benefiting all participants of the sales channel accordingly: Brands with digital products gain access to epay’s global sales channel network partners and their reach to consumers. Channel partners now can utilize epay’s connectivity to its providers and strategic partners such as Microsoft to immediately expand their product portfolio with new attractive subscription products for their customers. Consumers can now purchase subscription-based digital products from their trusted and preferred channel partner and conveniently use them on a smartphone, laptop or PC. Simple technical implementation with state-of-the-art API Leveraging the technologies and APIs of Euronet’s REN payments platform, epay processes digital payments, manages value-added services such as gift cards and mobile top-ups and also distributes its digital content portfolio of many well-known brands through its global retailer network that occupies 739,000 POS. Once the epay interface has been established at the retailer, a channel partner can add additional brands from epay’s portfolio as they become available and other epay value-added services such as its gift card portfolio. How the epay recurring billing solution works: Channel partners offer a subscription-based product to customers and record their preferred payment method. epay either connects to the retailer’s existing payment infrastructure or facilitates recurring billing through payment tokenization. At the end of the initial subscription period, the renewal is triggered by the brand or channel partner via the tokenized data without having to store and process sensitive personal data. Market launches completed with the recurring billing solution to date include: Microsoft 365: Launched at leading channel partners in France with FNAC, in the United Kingdom with Currys and in Brazil with Vivo. Cloud Gaming with Xbox Game Pass Ultimate: Launched in Korea at channel partner SK Telecom, in Spain with Telefonica and in Australia with Telstra. Xbox All Access: Launched in Poland with electronics retailer Media Expert and with telco partners Telstra in Australia and SK Telecom in Korea. Further countries and retailers are already being planned and will be announced when available. “Subscription-based business models are the future of many companies because they support growth and digital transformation at the same time,The current pioneers from the software, streaming and gaming sectors will soon be joined by a wide range of new providers from beauty, fashion, food and other industries. With our existing connections to over a thousand brands across a wide range of industries and our innovative technology which allows us to distribute products globally through our extensive retailer network, we will soon be able to offer further recurring billing solutions from many more consumer areas. This solution is an important strategic business area that we intend to expand globally.” -Kevin Caponecchi, Executive VP and CEO, epay, Software and EFT Asia Pacific Division. Companies and brands interested in learning more should talk to their existing epay contact or James Warden, Director of Brand Management and epay Products, at jwarden@epayworldwide.com. 1 Multiple launches for the recurring billing solutions of Microsoft 365, Xbox Game Pass Ultimate, and Xbox All Access in North and South America, Europe, Asia and Australia does not mean that all named products are available in all of the named regions. Additionally, any future launches are subject to the requirements and approval of epay and the brand. About epay: epay is a world-leading full-service payment provider for payment processing and prepaid solutions that processed 2.4 billion transactions in 2020. The company has built up an extensive network of retailers with 739,000 point-of-sale terminals in 62 countries, to connect renowned brands with consumers all around the world. The company offers a portfolio of gift cards (prepaid, closed loop and digital media), business incentives and payment solutions (card acceptance, terminals, e-commerce, mobile and Internet of Payment) for omnichannel commerce, and offers its services thanks to its proprietary cash register integration software. epay is a segment of Euronet Worldwide, Inc. (NASDAQ: EEFT), a Kansas-based company which earned $2.5 billion in revenue in 2020, employing a staff of over 8,000 employees and serving customers in 175 countries. About Euronet Worldwide, Inc. Euronet Worldwide is an industry leader in processing secure electronic financial transactions. The company offers payment and transaction processing solutions to financial institutions, retailers, service providers and individual consumers. These services include comprehensive ATM, POS and card outsourcing services, card issuing and merchant acquiring services, software solutions, cash-based and online-initiated consumer-to-consumer and business-to-business money transfer services, and electronic distribution of digital media and prepaid mobile phone time. Euronet's global payment network is extensive - including 47,474 ATMs, approximately 400,000 EFT POS terminals and a growing portfolio of outsourced debit and credit card services which are under management in 62 countries; card software solutions; a prepaid processing network of approximately 739,000 POS terminals at approximately 325,000 retailer locations in 62 countries; and a global money transfer network of approximately 507,000 locations serving 162 countries. With corporate headquarters in Leawood, Kansas, USA, and 66 worldwide offices, Euronet serves clients in approximately 175 countries. For more information, please visit the Company's website at www.euronetworldwide.com.

Read More