POS SOLUTIONS

GK Software Partners with Flexa to Support Digital Currency Payments

GK software &Flexa | September 22, 2021

GK Software today announced it has partnered with Flexa, the leading pure-digital payments network, to enable merchants using TransAction+, GK’s leading payment processing application, to seamlessly accept dozens of different digital currencies in a fast and completely fraud-proof way.Today’s customers are demanding retailers accept digital currencies as a method of payment, with 57% of consumers saying they would choose where to shop based in part on whether they have the right mix of digital payment options. That’s why GK Software has joined forces with Flexa to help merchants meet this rise in demand and adapt quickly to the future of payments.

Merchants already integrated on TransAction+ will be able to easily accept digital currency payments using the Flexa network. Together, the collaboration will allow merchants to:

Accept dozens of digital currencies, including cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Dogecoin (DOGE), among many others;
  • Add in-store and online acceptance of digital currencies to their payments portfolio using existing POS hardware and software;
  • Protect their business from fraud or loss from the time of authorization, all at no extra cost;
  • Empower consumers to use digital currency payments with virtually no overhead; and
  • Receive settlement in US dollars or the digital currency of their choice.

Digital currency is growing in popularity, which is why the most advanced retailers are offering digital payments for their shoppers, Our unique partnership with Flexa will allow merchants using TransAction+ to easily accept cryptocurrency payments, enriching the shopping experience and driving customer loyalty as we embark on this exciting new chapter in the world of payments.
                                                                                                        - Todd Barstow, VP of Payments Solutions, GK Software USA

As the fastest, most fraud-proof payments network in the world, Flexa is committed to helping merchants give their customers the freedom to pay how they want,said Trevor Filter, co-founder, Flexa. Merchants who connect to Flexa through our integration with GK Software will benefit from unlocking contactless digital currency as a payment option in an innovative and cost-effective way.
                                                                                                                                                     - Trevor Filter, co-founder, Flexa.

About GK Softwar
GK Software breaks down the barriers to unified commerce with its OmniPOS solution for point of sale, mobile POS, mobile customer engagement and a full range of store/back-office solutions. The company is a recognized leader in omni-channel retail, offering a single, global software platform for all retail formats and touchpoints. Ten of the Top 50 retailers worldwide rely on GK Software, and GK is the fastest growing global POS provider in new installations. For more information, visit www.gk-software.com.

About Flexa
Flexa is the global leader in pure-digital payments. We provide merchants and developers with simple integrations for digital currency acceptance that are fast, affordable, and completely fraud-proof. Founded in 2018, Flexa’s mission is to make payments more efficient and accessible for people all over the world.


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POS SOLUTIONS,POS RETAIL

HiStone Launches New ERA HK960 POS Device to Revolutionize the Retail and Hospitality Markets

HiStone | August 08, 2022

ERA HK960, its next-generation POS model, built to drastically improve customer satisfaction via enabling businesses with more flexible, efficient, and secure POS services. Enhanced feature-rich functionality of HK960 coupled with high-end design are geared to meet employees' and customers' expectations while driving better user and shopping experiences. The flagship HK960 POS product has been developed to achieve the core retail and hospitality business goal — to avoid long hours of operations making the customer service faster than ever. "Customers evolve as they need more secure and personalized services that drive more value to their shopping experiences, This new paradigm stimulates us to deliver the most efficient, market-ready POS solutions that generate business growth and bring customer satisfaction." -Alex Barannik, Business Development Director at HiStone. Ultra-thin bezel combined with high brightness The ultra-thin bezel of just 1.1 cm makes the screen look stylish and corresponds with the time. The model edges are 1cm and 1.5 cm only; this is why the screen ratio is 82% — HiStone offers your staff the highest possible field of view. The technology update is more comfortable for the eyes Next-level power features inside a small, elegant box The model gets Intel Tiger Lake UP3, the 11th generation of Intel's CPU. The i3-1115G4E with a clock speed from 2.2 GHz to 3.9 GHz is powerful enough, being much more efficient for everyday operations in the long run. HK960 has one of the highest turbo speed (up to 4.2 GHz). Furthermore, the tech innovative model receives enhanced DDR characteristics: clock speed of 3200 MHz and bandwidth of 31 Gb/s. The response speed is among the core characteristics of POS machines - a few seconds are entirely enough to open the app, display pages, and complete settlement. Ultra-secure usage HiStone understands the importance of the highest, watertight security; this is why the flagship model utilizes a dual LAN Port connection. HiStone equipped its ultramodern POS machine with 50 000 hours of Mean Time Between Failure. And that sounds quite impressive. About HiStone: HiStone is among the top world-known developers of retail and hospitality solutions with more than 30-year-experience on the market. All-in-one POSs, box and mobile POS systems, self-checkouts, and other products are available for business.

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POS HARDWARE

TransAct Secures BOHA!® Solutions Order from National Travel Stop Chain

TransAct® Technologies Incorporated | June 03, 2022

TransAct® Technologies Incorporated (Nasdaq: TACT) (“TransAct” or “the Company”), a global leader in software-driven technology and printing solutions for high-growth markets, today announced that it has secured a BOHA! Terminal order, representing 305 units, from a national travel stop chain. The customer is in the midst of a transformation plan which includes site upgrades and an all-new fast casual dining experience. The company expects to deploy approximately 305 Terminals in 194 locations, with one or more BOHA! Terminal devices per location. “As the food service management companies look to grow their fresh food initiatives, our industry leading BOHA! Labeling solution has become the industry standard with all its capabilities. We are thrilled to announce this deal as we continue to execute on new business opportunities in this market, and look forward to working with this new customer,” - Bart C. Shuldman, CEO of TransAct Technologies. The complete system deployment will initially include the BOHA! Terminal, BOHA! Labeling software and proprietary BOHA! labels. TransAct estimates total annual recurring revenue per unit installed (“ARPU”) will be approximately $1,100 per year. BOHA! is 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, pH measurement, 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 and POS automation. The Company’s solutions are designed from the ground up based on customer requirements and are sold under the BOHA!®, AccuDate™, EPICENTRAL®, Epic®, and Ithaca® brands. TransAct has sold over 3.6 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. Through the TransAct Services Group, the Company also provides customers with a complete range of supplies and consumable items both online at http://www.transactsupplies.com and through its direct sales team. TransAct is headquartered in Hamden, CT.

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POS SOLUTIONS

MarginEdge and 7shifts Announce Seamless Platform Integration for Restaurants

MarginEdge | May 18, 2022

Leading restaurant management platform, MarginEdge is pleased to announce a new integration with restaurant team management platform, 7shifts. This integration enables 7shifts clients to seamlessly and autonomously share their labor data with the MarginEdge platform, empowering them with a full view of their entire controllable costs. "We're thrilled to be partnering with 7shifts for this integration benefitting our mutual clients," said MarginEdge CEO Bo Davis. "Labor data is key to understanding variable costs and with the seamless data pull between our platforms, our clients can now see everything in one place enabling them to stay on top of the rapid changes our industry has been experiencing," he added. With the right tools, labor can be one of the most controllable costs in running a restaurant. This integration autonomously pulls data from 7shifts so that restaurants can: See all controllable costs and revenue in one place Track actual labor costs against budgeted labor costs in real time. View a declining labor budget throughout the period, updated daily, by comparing labor spending to a fixed dollar amount or to a percentage of sales. View detailed labor summaries broken down by category, employee, or job title throughout a weekly or daily period. Keep labor in one centralized location alongside other costs and your revenue, including any labor data recorded by a POS. "We're constantly working to deliver value for our customers, Being able to partner with MarginEdge as their first labor integration partner is exciting. This is a game-changer for our mutual restaurant partners - we've seen first-hand the impact it can have when it comes to hitting labor targets." -Jordan Boesch, Founder, and CEO of 7shifts, The ongoing labor shortages have made it more important than ever to be able to accurately staff restaurants, which can help prevent burnout and turnover ensuring better guest experiences and increased profits. By integrating both platforms, operators are supported by providing them the ability to make real-time decisions using robust analytics and insights, and all in one place. About MarginEdge MarginEdge's mission is to create a world where restaurant operators can focus on the business they love. By using best-in-class technology to eliminate unproductive paperwork and streamline the flow of operational data, MarginEdge is reimagining the back office and freeing restaurants to spend more time on their culinary offerings and guest experiences. Based in Arlington, VA and founded by industry veterans, MarginEdge serves a diverse group of operators from single units and small chains to large franchise and hospitality groups, providing a high impact product that resonates across the hospitality industry. About 7shifts Founded in Saskatoon, Canada, in 2014, with offices in Toronto and New Jersey, 7shifts is simplifying team management, one shift at a time. The restaurant employee team management solution is used by over 700,000 restaurant pros across North America, Europe, the Middle East, and Australia, including multi-unit restaurant groups like Bareburger, Smoke's Poutinerie, YogurtLand, Juice It Up!, and many others. More than a scheduling platform, 7shifts empowers restaurant managers to optimize their workforce to better manage employees, resulting in reduced labor costs.

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POS HARDWARE

Edge Integrates BitPay Protocol to Enable Error-Free Spending Online and at Point of Sale

BitPay | June 08, 2022

BitPay, the world’s largest provider of Bitcoin and cryptocurrency payment services, announced today that Edge, a long standing wallet in the crypto ecosystem, has implemented the BitPay Protocol, enabling its customers to spend cryptocurrency online and in-store free of payment exceptions. First launched in 2017, BitPay Protocol ensures accurate payments by eliminating payment exceptions including overpayments, underpayments, late payments, unconfirmed payments, and potential double-spends. As the crypto industry continues to evolve and attract a significant number of new customers, payment accuracy is imperative. The BitPay Protocol sets the industry bar for crypto payment quality enabling more accurate and reliable blockchain payments in-store and online. “BitPay commends Edge for supporting the BitPay Protocol and appreciates their hard work and effort to integrate this standard into their wallet, With Edge’s support, together we are able to promote payment quality online and in-store for both customers and merchants wanting to leverage the benefits of crypto payments.” -Stephen Pair, CEO of BitPay Through adoption of the BitPay Protocol, wallets, including the leading non-custodial wallet, Edge, have access to Verifone’s 600,000 merchants. With a footprint of 35 million devices, Verifone’s crypto payment service automatically enables those wallets that have the BitPay Protocol integrated to spend crypto on both in-store and online purchases. BitPay’s goal is to work with all wallets, and BitPay is the only payment processor who works with more than 100 different wallets to facilitate and optimize consumer-to-business and business-to-business payments. Merchants and businesses can accept crypto from wallets that have successfully enabled the BitPay Protocol to receive error-free payments from over 200 million crypto users. “At Edge, we believe empowering individuals with the necessary tools to control their own private keys and transaction information leads to better financial security everywhere, for everyone, We support BitPay’s Payment Protocol to help ensure our users can make simple and accurate transactions with thousands of merchants. This brings cryptocurrency one step closer to replacing traditional payments and drives further adoption of this powerful technology.” -Paul Puey, co-founder and CEO of Edge. Edge supports over 1.7 million accounts in ten languages across 179 countries. Edge is a non-custodial wallet where customers can buy, sell, trade, and spend over 130 digital assets. Automatic client-side encryption ensures bitcoin keys are always encrypted and protected from malware. A powerful and easy to use cryptocurrency wallet, Edge enables customers to have control of their private keys with the familiarity and ease of mobile banking. A username and password hide the complexity of cryptography and synchronization. Edge’s connectivity to multiple public blockchain nodes ensures wallets function even if Edge servers are down. Edge is available on all mobile devices via the iOS App Store, the Google Playstore, and Android direct download. About BitPay Founded in 2011, BitPay is one of the oldest cryptocurrency companies. As a pioneer in blockchain payment processing, the company’s mission is to transform how businesses and people send, receive, and store money. Its business solutions eliminate fraud chargebacks, reduce the cost of payment processing, and enable borderless payments in cryptocurrency, among other services. BitPay offers consumers a complete digital asset management solution that includes the BitPay Wallet and BitPay Prepaid Card, enabling them to turn digital assets into dollars for spending at tens of thousands of businesses. The company has offices in North America, Europe, and South America and has raised more than $70 million in funding from leading investment firms including Founders Fund, Index Ventures, Virgin Group, and Aquiline Technology Growth.

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