Grocers Welcome Long-Term Benefits Of Shorter Supplier Payment Terms

PYMNTS | April 20, 2020

The food and beverage industry is enduring some of the most dramatic and sudden fluctuations in customer demand and shopping habits of any other market during the coronavirus pandemic.
As supermarkets manage an influx of panic-buying, yet a drop in physical storefront visits, they’re also tasked with keeping pace with the insatiable demand for online grocery order, delivery and curbside pickup.
All of this, of course, initiates a ripple effect far beyond the supermarket itself and down through its supply chain. As a result, industry players are seeking supply chain management technologies that excel beyond traditional supplier and inventory management capabilities.

Spotlight

Video analytics for retail solves a number of important issues: the store security, better communication with a potential client through face and emotion recognition, which helps to achieve a better customer experience. NNTC shows you useful aspects of this technology - the best innovative solution for owners of any business.


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CLOUD BASED POS

NewNet Secure Transactions Selects Oracle Cloud Infrastructure Providing Customers with Secure and Scalable Cloud Payments

NewNet Secure | April 11, 2022

NewNet Secure Transactions, a global provider of secure payment transport systems and a member of Oracle PartnerNetwork (OPN), today announced that its Secure Transaction Cloud (STC) solution with Oracle Cloud Infrastructure (OCI) Vault has achieved Powered by Oracle Cloud Expertise and is now available on Oracle Cloud Marketplace, offering added value to Oracle Cloud customers. The NewNet Secure Transaction Cloud Payment solution enables a secure cloud payment routing and switching application for transporting high volumes of transactions. The application is expanding to handle fiat and crypto/CBDC payments. STC helps payments companies rapidly and cost-effectively scale their digital payments footprint. NewNet's STC solution offers cloud-based secure payment acquiring, processing and issuer processing application with advanced data security, intelligent routing capabilities, comprehensive networking functions, point-to-point encryption and tokenized for security of payment transactions. NewNet's STC utilizes OCI's globally available platform to offer enhanced scalability, significant processing power, incredible redundancy, and smart management options. With OCI Vault's advanced encryption and security capabilities, NewNet's STC gives customers a unique cloud payment application with one of the highest levels of security standards, compliance and high-speed cryptographic operations. Offered as a subscription model, NewNet's STC supports a variety of payment methods. This includes internet and web payments, mobile payments, wallet payments, A2A/P2P/M2M payments, POS/POI based transactions, ATM transactions and all forms of ecommerce with full compliance to PCI standards. STC offers a payment routing application with integrated payments, security, networking, and analytics features targeting PSPs, PayFacs, Acquirers, Processors, Mobile/POS Vendors, Banks, FinTechs, NSPs, MNOs, BNPL providers. The Oracle Cloud Marketplace is a one-stop shop for Oracle customers seeking trusted business applications offering unique business solutions, including ones that extend Oracle Cloud Applications. Oracle Cloud is a Generation 2 enterprise cloud that delivers massive, non-variable performance and next generation security across a comprehensive portfolio of services including SaaS, application development, application hosting, and business analytics. Customers get access to leading compute, storage, data management, integration, security, HPC, artificial intelligence (AI), and Blockchain services to augment and modernize their critical workloads. Oracle Cloud runs Oracle Autonomous Database, the industry's first and only self-driving database. "Leveraging the tremendous capabilities of Oracle Cloud Infrastructure Vault, NewNet's Secure Transaction Cloud solution enables the payment transaction acquiring and processing industry with one of the most innovative and advanced payment applications for nearly seamless migration and significant volume growth. The virtualized payment and security functions of Secure Transaction Cloud operating on Oracle Cloud Infrastructure ensures enhanced security for current and emerging payment transactions for both fiat and crypto/CBDC payments, with Oracle Cloud Infrastructure Vault's strongest encryptions using long length keys, and cryptographic operations handled completely within hardware security boundaries. We have a patent-pending crypto and fiat payment solution which will enable secure payments in Web 3.0 and the metaverse." Krishna Viswanadham, President of NewNet Secure Transactions Matt Thompson, SVP of Skyview Capital said, "We are very excited for this new cloud offering by our portfolio company NewNet Secure Transactions. This innovative new service, collaborating with Oracle, will provide our new and existing clients with a scalable cloud payment solution." "The cloud represents a huge opportunity for our partner community," said David Hicks, vice-president, Worldwide ISV Cloud Business Development, Oracle. "NewNet Secure Transactions commitment to innovation with Oracle Cloud Infrastructure Vault and quality execution to help our mutual customers receive cloud-enabled and secure payment solutions ready to meet critical business needs." Powered by Oracle Cloud Expertise recognizes OPN members with solutions that run on Oracle Cloud. For partners earning the Powered by Oracle Cloud Expertise, this achievement offers customers confidence that the partner's application is supported by the Oracle Cloud Infrastructure SLA, enabling full access and control over their cloud infrastructure services as well as consistent performance. About NewNet Secure Transactions NewNet Secure Transactions is a premier global provider of next generation payment technology solutions offering significant years of expertise in Secure Payment solutions. NewNet Secure Transactions offers digital payment infrastructure solutions with intelligent routing & switching functions and cloud transformation for Acquirers, Processors, Banks, PSPs, Payment Gateways, PayFacs, MNOs, NSPs, FinTechs, CSPs etc. NST systems handle integrated payment transaction routing, secure network access, and payment data security utilizing flexible APIs, accepting omnichannel payments from Mobile, Web, In-Store POS, SmartPOS, mPOS, Ecommerce, Mcommerce, BNPL & ATM transactions, fully compliant to security standards, and expanding to concurrent handling of crypto/CBDC payments. NewNet solutions are deployed with customers in over 60 countries, handles one-fourth of the annual global transaction volume, and is available both in private and public clouds and also as Server based solutions for Datacenters. About Oracle PartnerNetwork Oracle PartnerNetwork (OPN) is Oracle's partner program designed to enable partners to accelerate the transition to cloud and drive superior customer business outcomes. The OPN program allows partners to engage with Oracle through track(s) aligned to how they go to market: Cloud Build for partners that provide products or services built on or integrated with Oracle Cloud; Cloud Sell for partners that resell Oracle Cloud technology; Cloud Service for partners that implement, deploy and manage Oracle Cloud Services; and License & Hardware for partners that build, service or sell Oracle software licenses or hardware products. Customers can expedite their business objectives with OPN partners who have achieved Expertise in a product family or cloud service.

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POS SOLUTIONS

Socket Mobile Hosting Free mDL and ISO 18013 Educational Webinar with UL on February 15th

Socket Mobile, Inc. | January 25, 2022

Socket Mobile Inc., (NASDAQ: SCKT), a leading provider of mobile data capture solutions for business applications, is excited to announce that they will be holding a webinar on February 15th, 2022 to explain mobile driver's licenses (mDLs), the ISO 18013 standard, and how their integration into retail POS apps can deliver benefits to both the consumer and merchant. Many states have already begun to roll out systems for mobile driver's license usage. Socket Mobile believes there will be an increasing demand for retail POS apps to support these digital forms of identification as the mDL become an integral part of our lives. This live online seminar will dive into the fundamentals of mDLs, current implementations, and their impact on the retail industry moving forward. About the Presenters: The educational webinar will be featuring speakers Dave Holmes (Chief Business Officer at Socket Mobile) and Alice Chan (Advisor at UL). Dave Holmes of Socket Mobile has over two decades of experience in payments, mobile, IoT and cybersecurity and has been at the forefront of helping to bring those worlds together. "At Socket, we believe strongly that states continuing to rollout mDL will have a big impact on the retail sector. We want our application partners to know the latest developments in this space and how they can benefit from them. We are very excited to bring subject matter expertise from UL to the table and offer this educational webinar for free to our partners," - Dave Holmes, Chief Business Officer at Socket Mobile. Alice Chan is an Advisor at UL, a global independent safety science company with more than a century of expertise innovating safety and security solutions. Alice specializes in identity management and security for clients in the digital identity and payment industries. With their combined experience and different perspectives, Dave and Alice will explore ISO 18013 and mDLs, followed by a LIVE Q&A to address questions attendees may have.

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POS SOLUTIONS

VAULT Releases Next Generation Mobility Platform CONNECT, With Enterprise-Ready Hardware to Enable Mobile Experiences at Scale

VAULT | April 21, 2022

VAULT today releases CONNECT, the most advanced mobile enclosure to date, making a massive leap forward for enterprise point-of-sale technology. The addition of the next generation CONNECT integrates power, payment, and protection into antimicrobial enclosure architecture, making CONNECT the most future-proof mobile device enclosure of its kind. The new CONNECT is iOS and Android compatible, and features built-in battery tech bringing broad power range to CONNECT enabled mobile devices. Ideal for restaurants and retail with large fleets of legacy mobile devices in play, CONNECT provides users with enterprise-grade power-to-go and a device agnostic magnetic charging port system. Additionally, an all-new removable payment device sled, a new feature that easily enables the ability to swap out all major payment readers. “Our groundbreaking unified enclosure technology is transformative for in-person service experiences, and we’re incredibly excited to bring it to the next generation of CONNECT. With CONNECT’s unified power, payment, and protection combined with the advanced features of both iOS and Android compatibility and support of all major card readers there’s nothing else like the new CONNECT.” Tracey Lande, VAULT’s Vice President of Business Development Today, internet-first retailers like Glossier are using CONNECT to power in-store transactions across their growing brick-and-mortar footprint. Using CONNECT, lifestyle hospitality brands like Under Canvas provide their teams in locations across the U.S. with the capability to accept in-person payments. About VAULT VAULT designs and manufactures leading edge, efficient, and dependable enterprise hardware to enable mobile experiences at scale for the world’s leading brands, with the industry’s most experienced mobile hardware technology experts.

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POS HARDWARE

LiftForward Platform Powers Microsoft Store POS Financing Programs

LiftForward | March 02, 2022

Microsoft Store has selected the LiftForward Buy Now Pay Later ("BNPL") subscription platform to expand financing offerings in the United States, United Kingdom, Canada, Germany, Austria, Spain, Italy, France, Poland and Benelux. In these territories, the LiftForward Platform connects various financial institutions with consumers to finance short-term BNPL solutions or longer-term financing options. The LiftForward Platform facilitates the customer experience at the point-of-sale and manages the credit applications, fraud detection, customer verification, underwriting, servicing, fulfillment, and customer support. As OEMs, retailers and lenders develop financing programs, they are faced with technical, financing, operational, and data challenges. The LiftForward Platform provides solutions that address these challenges, enabling a faster time to market on a scalable, international platform. "The global expansion of the LiftForward Platform for Microsoft Store offers customers more financing options across Microsoft's portfolio of products, It also enables Microsoft to be agile and quick-to-market with financing products of choice." -Jeffrey Rogers, CEO of LiftForward. LiftForward and Microsoft Store teamed up in 2014 to debut Surface All Access, a 0% commercial upgrade subscription program, and then again in 2019 to offer Xbox All Access, a subscription program for Xbox and Game Pass in major retailers in 15 countries. "LiftForward allows Microsoft Store to seamlessly integrate banks and other financing providers via one common platform. This gives Microsoft Store the ability and flexibility needed to quickly and easily connect numerous financing partners, The LiftForward Platform improves our customer experience and lifecycle in core ways while enabling us to scale our financing offers to new markets." -Jesper Chou, General Manager of Microsoft Store. About LiftForward: LiftForward, Inc. provides OEM device manufacturers, retailers and banks with BNPL software platforms that power global subscription and financing programs. LiftForward reduces the BNPL complexity with a platform that connects and automates all of the components necessary for successful subscription and financing programs including, point-of sale software, white label e-commerce customer experiences, inventory management, fulfillment, account management and analytics reporting. LiftForward has developed the largest integrated network of major OEMs, retailers and banks in over 15 countries.

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Spotlight

Video analytics for retail solves a number of important issues: the store security, better communication with a potential client through face and emotion recognition, which helps to achieve a better customer experience. NNTC shows you useful aspects of this technology - the best innovative solution for owners of any business.

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