POS SOLUTIONS

Foodics Acquires POSRocket And Becomes The Dominant Restaurant-Tech Provider In MENA

Foodics | January 11, 2022

FOODICS, the leading GCC Restaurant-Tech company based in Saudi Arabia, has announced today its first acquisition, with the full ownership of POSRocket, the second largest restaurant Cloud technology provider in MENA.

This landmark acquisition is a strategic move by both companies and one that enables Foodics to consolidate the market, as well as take market leadership position in Egypt, Kuwait, Oman and Jordan on top of the dominant position it already had in the rest of GCC. This first acquisition also opens the door to further upcoming M&A activities and international expansion from Foodics.

Founded in 2016 in Jordan, POSRocket offers cloud-based POS software for restaurants and retailers, allowing owners to remotely manage operations in real-time. The acquisition will allow POSRocket merchants to benefit from Foodics' ecosystem in managing payments, supplies and capital lending infrastructure.

"We are delighted to welcome the POSRocket astronaut team, its clients and partners to the Foodics family and look forward to growing together for the benefit of the wider ecosystem. Our acquisition of the fast growing and second largest restaurant Cloud technology provider in the region is very strategic as it naturally establishes our position as the dominant player across MENA and beyond."

- Ahmad Al-Zaini, Foodics CEO and Co-founder

"Foodics is a natural fit for POSRocket, as both brands are driven by helping business owners grow their operations. Bringing our talented teams together is a strategic move that yields us a unique competitive advantage. Now powered by Foodics, the POSRocket astronauts are delighted to be joining a larger team and brand, and with access to funding, we are looking forward to a bright future together."

- Zeid Husban, POSRocket Chief Executive Astronaut and Founder

Since its inception in 2014, Foodics has successfully already processed over US$5 billion worth of orders through its platform, and is targeting 150,000 terminals by the end of 2024.

Spotlight

In the complex world of today, the consumer is king and retailers are keener on consumer satisfaction. Considering the busy lifestyles of today’s consumers, the retailers also provide services apart from products. Retailing occupies a very important place in the economics of any country. It is the final stage of distribution of product or service. It not only contributes to country’s GDP but also empowers a large number of people by providing employment.


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POS SOLUTIONS

MySize Launches FirstLook Smart Mirror, the Ultimate Omnichannel Solution for Retailers

MySize, Inc. | February 04, 2022

MySize, Inc. (NASDAQ: MYSZ) (TASE: MYSZ.TA) ("MySize" or the "Company"), the provider of AI-driven measurement solutions to drive revenue growth and reduce costs for its business clients, is pleased to announce the availability of its FirstLook Smart Mirror, an interactive, mirror-like touch display that provides shoppers in physical stores with an enhanced, online shopping experience and contactless checkout. The MySizeID FirstLook Smart Mirror was introduced and garnered a positive reception recently at the National Retail Federation (NRF) 2022: Retail's Big Show on January 16-18, 2022 at the Jacob K. Javits Convention Center in New York City. In partnership with GK Software (previously announced in November 2021) MySize has already integrated the MySizeID solution to coud4retail by GK Software, and now lunched the MySizeID FirstLook Smart Mirror provides an interactive, mirror-like touch display that allows brands to provide in-store customers with an enhanced, online shopping experience, contactless checkout and get the recommended size . GK Software has more than 359,000 installations in over 65 countries, as a major player in the international market for retail solutions. The MySizeID FirstLook Smart Mirror seamlessly fits into any retail environment, whether in the fitting rooms (version with no camera) or other high-traffic, strategic locations. Highlight capabilities of the FirstLook Smart Mirror include: 3D "Try-it-on" interactive avatar experience: Life-like, personalized display of an item's exact fit on each customer's body. Personalized and highly accurate size recommendations by MySizeID: Shoppers scan a barcode in-store and receive a size recommendation for the specific apparel item, via their MySizeID profile. Third-party POS systems integration: Access and share data on inventory, sizing, and pricing. Styling recommendations: Provide upsell opportunities with "complete-the-look" styling and apparel personalized recommendations. All based on available inventory and shoppers' preferences. Contactless "select and collect" at the register feature: Selected items are brought to specific POS locations within the store (SmartMirror kiosk, Checkout point, fitting room etc.), for a seamless, hassle-free checkout.\ "The MySizeID FirstLook Smart Mirror has the potential to revolutionize the fashion retail buying experience in the store. It is our first product solution addressing in-person retail shopping. The MySizeID AI-driven measurement and data algorithms drive the FirstLook Smart Mirror in helping increase sale conversions and reduce returns at the physical store retail environment. The retail price ranges between $8,000-$12,000 up front plus a $160 recurring monthly service fee (the price range is based on features, such as speakers, camera, frame and stand). Our sales team and partners are looking forward to demonstrating it for existing, new and prospective clients." -Ronen Luzon, Chief Executive Officer of MySize MySize is the developer of a unique sensor-based measurement technology and the owner of several patented algorithms that capture and calculate measurements in different ways. The Company's technology is one of a kind in its agility, fitting our algorithm to different markets and verticals. MySize is helping eCommerce retailers on multiple platforms, such as Shopify, WooCommerce, Bitrix, and LightSpeed, alongside leading brands such as Levi's, Speedo, US Polo and Boyish Jeans. About MySize, Inc. MySize, Inc. (NASDAQ: MYSZ) (TASE: MYSZ.TA) has developed a unique measurement technology based on sophisticated algorithms and cutting-edge technology with broad applications, including the apparel, e-commerce, DIY, shipping, and parcel delivery industries. This proprietary measurement technology is driven by several algorithms that are able to calculate and record measurements in a variety of novel ways.

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POS HARDWARE

TransAct Announces Strong Momentum from SMB Initiative in Fourth Quarter of 2021

TransAct Technologies Incorporated | March 01, 2022

TransAct® Technologies Incorporated (Nasdaq: TACT) (“TransAct” or “the Company”), a global leader in software-driven technology and printing solutions for high-growth markets, announced continued success with its SMB initiatives, which were introduced in the second quarter of 2021. In the fourth quarter, these efforts have resulted in the adoption of BOHA! terminals and workstations by 26 new small businesses, including individual restaurants, chains, and franchisees. These new accounts have already rolled out a total of 44 BOHA! terminals and workstations, and represent an additional opportunity to deploy up to an additional 900 terminals at their stores in the future. “These new wins are indicative of the strength of our SMB initiative, and we look forward to its continued future success. We truly believe that every restaurant, convenience store and food service provider, regardless of number of locations or size, can benefit from our industry leading BOHA! platform, The SMB sales team was created last year in order to give customers the type of high quality, personalized experience we are accustomed to providing. The team is focused on small restaurant companies including franchise owners and also small convenience stores that can quickly test out the BOHA! solution and quickly move forward and purchase our technology.” -Bart C. Shuldman, Chairman and CEO of TransAct Technologies. BOHA! and BOHA! ROP are the first single-vendor cloud-based enterprise system to combine applications for Food Safety, Date Code and Grab n’ Go Labeling, Temperature Monitoring of Food and Equipment, Checklists & Task Management, Inventory Management, Timers, and Food Recall, in one integrated platform. Each BOHA! solution combines cloud-based SaaS applications with hardware and accessories to deliver superior results for critical back-of-house operations. BOHA! offers a one-stop solution for restaurants and food service companies to address their current back-of-house operating requirements while providing a future-ready platform capable of addressing back-of-house operations. About TransAct Technologies Incorporated TransAct Technologies Incorporated is a global leader in developing software-driven technology and printing solutions for high-growth markets including food service, casino and gaming, POS automation, , and oil and gas. The Company’s solutions are designed from the ground up based on customer requirements and are sold under the BOHA!™, AccuDate™, EPICENTRAL®, Epic®, Ithaca® and Printrex® brands. TransAct has sold over 3.3 million printers and terminals around the world and is committed to providing world-class service, spare parts and accessories to support its installed product base.

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POS SOLUTIONS

SoundHound Announces First-of-its-Kind Voice AI Ordering Service for Restaurants and POS Integration With Square

SoundHound | May 23, 2022

SoundHound AI, Inc. (“SoundHound”) (Nasdaq: SOUN), a global leader in voice artificial intelligence, announced a first-of-its-kind service that will allow restaurants to automate the phone ordering process. SoundHound and Square, the globally trusted software, payments and hardware company, are partnering to integrate SoundHound's conversational AI phone ordering automation with Square’s point-of-sale (POS) systems.When a customer calls into a restaurant to place an order, the SoundHound for Restaurants™ voice assistant immediately answers the call, takes the caller’s order, accepts modifications, and sends a confirmation to complete the payment. Callers can ask for what they want through a natural language interface powered by SoundHound's advanced conversational AI technology. Seamless integration and a simple four-step setup make SoundHound for Restaurants ideal for restaurant owners looking for cost-effective ways to handle the recent trends of increasing consumer demand for take-out orders and the impact of labor shortages. SoundHound’s voice assistant answers every call—even during peak hours—eliminating the busy signal, taking multiple orders simultaneously, and seamlessly processing the order and payment through Square’s POS system. "At Square, we are seeing sellers leverage the latest technology to meet customer demand regardless of size or complexity,Our partnership with SoundHound allows us to offer innovative and cost-effective solutions to restaurants working with small profit margins and facing multiple challenges—including the high cost of rapid labor turnover and shortages. This integration provides our sellers with the tools they need to offer a consistently high-level of customer service." -Bryan Solar, Head of Restaurants, Square. To get started, restaurant owners simply connect their Square POS to SoundHound for Restaurants, sync to the menu they want the voice assistant to use, and input the phone number for the system to answer. After that, SoundHound’s voice assistant acts just like a front of house staff member—answering the phone and taking orders. "We spoke with many restaurant operators to develop SoundHound for Restaurants and received overwhelming feedback about the need for automated solutions that help restaurants process more orders and meet growing consumer demands more efficiently, Our partnership with Square has given us the opportunity to bring the power of conversational AI technology to businesses that would otherwise not be able to access the convenience and efficiencies of a voice-enabled solution.” -James Hom, SoundHound Co-Founder and VP of Products SoundHound and Square will be exhibiting the new service at the National Restaurant Show to take place May 21-24, 2022, at Chicago’s McCormick Place. As part of the unveiling of the service, SoundHound plans to offer restaurants that sign up by June 30, 2022, free subscription fees through the end of the year. To sign up, please visit: soundhound.com/restaurants About SoundHound SoundHound (Nasdaq: SOUN), a leading innovator of conversational intelligence, offers an independent voice AI platform that enables businesses across industries to deliver best-in-class conversational experiences to their customers. Built on proprietary Speech-to-Meaning® and Deep Meaning Understanding® technologies, SoundHound’s advanced voice AI platform provides exceptional speed and accuracy and enables humans to interact with products and services like they interact with each other—by speaking naturally. SoundHound is trusted by companies around the globe, including Hyundai, Mercedes-Benz, Pandora, Qualcomm, Netflix, Deutsche Telekom, Snap, VIZIO, KIA, and Stellantis. www.soundhound.com

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POS HARDWARE

Small Business Credit Cards: It’s About More than Just Rewards

Mercator Advisory Group | January 04, 2022

Mercator Advisory Group released a report covering the credit cards issued for small businesses titled Small Business Credit Cards: Growth Opportunities in a Post-COVID World. The research explains current markets, reviews programs offered by top issuers, and suggests that issuers look at four current fintech models to revitalize their view of this rich market. With two thirds of the U.S. GDP driven by small businesses, there is a large audience to harvest. Program designs need to do more than just generate reward points; they need to provide the small business owner with tools to reduce costs, understand their spend, and prepare the small business for growth. The research explains how fintechs are redefining the small business card space and what traditional issuers need to think about over the next three years. "Fintech Buy Now, Pay Later should be a learning experience for all credit card issuers, You cannot keep doing the ‘same old thing’ or new players will disrupt your model. Small business credit cards are more than just reward generators. Issuers need to keep the product engaging with tools and value-added features.” -Brian Riley, Director, Credit Advisory Service, at Mercator Advisory Group Highlights of the research note include: Small business sector description and characteristics Card-by-card review of top issuer small business credit cards Risks and Opportunities for small business credit cards Fintechs in the small business credit card sector Selected topics form the Mercator Advisory Group Small Business PaymentsInsights survey This document contains 26 pages and 17 exhibits. Companies mentioned in this research note include: American Airlines, American Express, Alaska Airlines, Apple, Bank of America, Barclaycard, Bento, Brex, Capital One, Chase, Citi, Costco, Delta Airlines, Discover, FIS, Fiserv, Goldman Sachs, Hyatt Hotels, Jet Blue, Kabbage, Lowes, Marriott, Mastercard, Pex, Southwest Airlines, TSYS, Tribal Credit, U.S. Bank, United Airlines, Visa, Wells Fargo, Wyndham Hotels Members of Mercator Advisory Group's Credit Advisory Service have access to these reports as well as the upcoming research for the year ahead, presentations, analyst access, and other membership benefits. About Mercator Advisory Group Mercator Advisory Group is the leading independent research and advisory services firm exclusively focused on the payments and banking industries. We deliver pragmatic and timely research and advice designed to help our clients uncover the most lucrative opportunities to maximize revenue growth and contain costs. Our clients range from the world's largest payment issuers, acquirers, processors, merchants and associations to leading technology providers and investors.

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Spotlight

In the complex world of today, the consumer is king and retailers are keener on consumer satisfaction. Considering the busy lifestyles of today’s consumers, the retailers also provide services apart from products. Retailing occupies a very important place in the economics of any country. It is the final stage of distribution of product or service. It not only contributes to country’s GDP but also empowers a large number of people by providing employment.

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