POS SOLUTIONS

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

MySize, Inc. | February 04, 2022

POStech News
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.

Spotlight

Native mobile applications allow you to take advantage of the devices’ built-in hardware features. If your app needs to use the phone’s front or rear camera, gyroscope, compass or multi-touch functionality, then you’ll pretty much have to develop a native app. Some apps that require the buildout of a native application include those using augmented reality (AR) and proximity technology (iBeacons). Native apps also have the capability to function off-line with no internet.


Other News
POS SOLUTIONS

Revel Systems Partners with Adyen to Provide Integrated Payments Solution in International Markets

Revel-Systems | January 10, 2022

Revel Systems, the market leading cloud-native point of sale (POS) and complete business management platform, today announced a partnership with Adyen, the global payments platform of choice for many of the world’s leading companies. Leveraging Adyen for Platforms, Revel Systems will launch Revel Advantage International, an integrated payment solution. Revel has thousands of international clients across the globe who will benefit from having a payments solution that integrates directly with its cloud-native POS platform. “I am very excited to work with Adyen and open up new markets for Revel with integrated payments. We have worked with Adyen for some time and have been impressed with their solution and innovation in the space, Nothing is more important these days than making technology acquisition easy, integrated, and affordable for merchants, and the partnership between Revel and Adyen brings that to the market.” -Greg Dukat, CEO, Revel Systems. Revel Advantage International offers merchants the ability to work with one vendor for technology, support and services to ensure their POS and payments solution is running smoothly. With a streamlined approval process and expedited onboarding, clients can be up and running quickly to take advantage of Revel Advantage International’s industry-low rates and best-in-class security. Revel’s clients will benefit from no application fees, reduced processing fees and simplified flat-rate pricing options. In addition, clients will also receive payment devices that are EMV-compliant. These devices will give customers a variety of ways to pay, including all major card schemes, pay-at-the-table functionality, WeChat Pay, AliPay, Interac Debit (Canada only), EFTPOS (Australia only), mobile wallet payments and more. “We are thrilled to deepen our partnership with Revel, as they continue to expand across international markets, and we look forward to helping their restaurant and retail clients benefit from an integrated payments solution, Adyen for Platforms powers a wide range of marketplaces and platforms to continually enhance their service offering, gain access to the latest payment innovations, and scale globally using a single payment system. Revel will benefit from these capabilities, allowing them to create an even better customer experience.” -Roelant Prins, Chief Commercial Officer, Adyen. About Revel Systems Revel’s point of sale and business solutions provide a native cloud technology platform that is at the heart of our clients’ businesses. Revel’s platform helps restaurants and retailers deliver a better customer experience, diversify revenue streams, and scale their businesses with ease. The Revel Enterprise® solution is tailored for large chains and leads the industry with a broad footprint of national, big brand customer implementations. Revel is committed to client success and strives to be a people-first business, leading with integrity and transparency. ​​About Adyen Adyen (AMS: ADYEN) is the payments platform of choice for many of the world’s leading companies, providing a modern end-to-end infrastructure connecting directly to Visa, Mastercard, and consumers' globally preferred payment methods. Adyen delivers frictionless payments across online, mobile, and in-store channels. With offices across the world, Adyen serves customers including Facebook, Uber, Spotify, Casper, Bonobos and L’Oréal. The cooperation with Revel Systems as described in this merchant update underlines Adyen’s continuous growth with current and new merchants over the years.

Read More

POS SOLUTIONS

Payveris Introduces Loan Payments® for Financial Institutions to Offer Customers Integrated Real-Time Payment Methods & Channels

Payveris | June 18, 2022

Modern money movement leader Payveris, a division of Paymentus, today launched Loan Payments®, a cutting-edge loan and debt repayment service with the widest array of real-time payment methods and channels available on the market. Loan Payments® is designed to help financial institutions meet rising consumer demand for payment methods and channels that are speedy, convenient and secure — all while reducing operational overhead, fostering better customer engagement and loyalty. An Aite-Novarica Group survey from 2021 found that 89% of consumers want more real-time payment options from their digital banking experience. As consumers enjoy more payment choices, speed and convenience in just about every other aspect of their financial lives, they expect the same from their loan payment servicers — and aren't satisfied by the status quo from financial institutions. In fact, a recent J.D Power study found that non-bank loan servicers saw a 17% increase in customer satisfaction, while banks only saw a 4% increase. "When financial institutions make it complicated to accept and receive payments through coupon books or legacy loan payment systems, borrowers are less likely to consider them for their next loan, Providing choice, speed and autonomy is no longer a bonus, but a baseline expectation for consumers. Financial institutions must seriously rethink their loan payment experience and meet customers where they are, and Loan Payments® can help them get there. Whether that's an auto loan, a personal loan, or a mortgage, the days of consumers using a coupon book have passed." -Payveris Chief Innovation Officer Marcell King. With Loan Payments®, financial institutions can deliver a true omni-channel experience that matches what consumers have come to expect from shopping or paying bills. Payment methods supported by Loan Payments® include cash, debit card and e-check/ACH. Loan Payments® also empowers consumers to choose their preferred payment channel, whether it's online, mobile, text, PayPal app, Amazon Alexa, Walmart, or directly at their bank or credit union. In addition to more convenience and flexibility, Loan Payments® gives financial institutions' customers more control over how they automate and schedule payments, and the ability to spread their payments across multiple methods at once. Reducing overhead & driving consumer loyalty Financial institutions that offer dated loan payment experiences — in which non-deposit customers can't easily pay their loan bill online, make payments using a variety of sources, or have their payments post in real-time — accrue more overhead costs in the form of inbound phone calls. With a sub-optimal loan payment experience, financial institutions are practically inviting these costly interactions with their customer service representatives. This problem only gets worse with scale. WSECU, a Payveris customer since 2020, is one of the first financial institutions with plans to roll out Loan Payments®. "Our first priority is to improve the loan payment experience for members, making it easier and providing them more options," said Melissa Wolff, Vice President, Operations Support and Payment Services at WSECU. "Payveris is helping us do that, and that alone is a big win. But there is also more we gain, including the operational efficiencies that come from no longer managing disparate processes. Now, everything is centralized into one payment processing system, regardless of which option best meets the needs of an individual member." Financial institutions also stand to gain another avenue in which they can drive customer engagement and loyalty. Loan Payments® was first developed by Payveris' parent company Paymentus, recognized by Aite-Novarica as the "Best in Class" industry leader for Biller Direct EPPP solutions. The solution is powered by the Instant Payment Network®, the only integrated ecosystem of real-time digital bill presentment, payment, and money movement capabilities in the market. The Instant Payment Network® is currently trusted by numerous Fortune 500 companies, with more than 10 million consumers relying on it to make payments. Other key benefits Loan Payments® offers include: Guest Pay - Most financial institutions do not have a guest pay option, creating friction within the loan repayment experience for indirect customers. Loan Payments® solves this pain point, improving the user experience for the consumer while helping financial institutions convert indirect loan members into primary account holders. Alerts & Notifications - Loan Payments® has intelligent alerts and notifications sent directly to borrower's mobile devices to help them stay on top of their loan payments. Compliant & Secure - Level 1 PCI Compliant EBPP platform ensures electronic payments are secure and meet industry standards, offloading the burden and cost of compliance. Secure Service® - Cohesive call center experience that eliminates PCI scope, minimizing risk for financial institutions and protecting customer's payment information when sharing details through a mobile phone channel. About Payveris Payveris, a division of Paymentus, is the creator of the MoveMoney℠ Platform, an Open API, cloud-based platform that enables more than 265+ financial institutions to control, simplify, and extend more engaging intelligent digital payment and money movement capabilities to their users through any application or device while significantly reducing operating costs and future-proofing their IT investment.

Read More

RESTAURANT POS

Curator Hotel & Resort Collection Selects Aireus and Silverware as Preferred Partners to Provide Quality Point-of-Sale Solutions

Curator Hotel | December 16, 2021

Curator Hotel & Resort Collection announced preferred partnerships with Aireus and Silverware to provide member hotels access to best-in-class bar and restaurant point-of-sale (“POS”) technologies. With Aireus’ forward-thinking, lightweight and flexible iPad-based POS offerings and Silverware’s time-tested and robust digital solutions, including mobile ordering capabilities, Curator member hotels can now offer guests modern, efficient, and memorable dining experiences while also adding contactless solutions to keep guests and staff safe. As on-property food and beverage demand rebounds, Curator remains a forward-thinking industry leader, continuing to seek out partnerships that provide member hotels with innovative and cost-effective solutions across all areas of hotel operations. Partnering with Aireus and Silverware gives our members access to state-of-the-art POS solutions that will benefit both guests and staff while increasing Curator member hotel bottom lines.As restaurants gear up for an influx in demand, guest expectations are shifting, and our hotel restaurants are seeking innovative solutions that allow guests to order meals themselves and pay at their table on their own devices and allow our hotels to operate more efficiently with less staff.” Austin Segal, Curator’s Vice President Aireus Aireus specializes in rapid custom feature ideation, design, and development, combining Apple innovation with these POS software platforms. Through Aireus, Curator member hotels can now offer guests a selection of features, from Apple TV in-room dining to ordering while enjoying their cabana or relaxing poolside. Silverware Trusted by leading hotel brands and venues across the globe, Silverware will provide Curator member hotels with fully integrated solutions including fixed and mobile POS technologies, contactless digital ordering and payment options, CRM loyalty, inventory management, kitchen display systems, and reservation systems. About Curator Hotel & Resort Collection Curator Hotel & Resort Collection is a distinct collection of hand-selected small brands and independent lifestyle hotels and resorts worldwide, founded by Pebblebrook Hotel Trust and a group of industry-leading hotel operators. Curator provides lifestyle hotels the power to compete together while allowing its members the freedom to retain what makes their hotels unique. It offers the benefits of associating with other unique lifestyle hotels and brands while participating in best-in-class operating agreements, services, reporting and technology. In addition to Pebblebrook, the founding members of Curator include Davidson Hospitality Group, Noble House Hotels & Resorts, Provenance, Sage Hospitality Group, Springboard Hospitality, and Viceroy Hotels & Resorts. About Aireus Aireus partners with hospitality leaders to provide innovative point of sale (POS) apps and services through Apple iOS. A division of communications giant CaTech Systems Ltd., the innovative company rapidly develops creative and feasible solutions for restaurants, casinos, hotels and resorts. About Silverware Trusted by the most notable brands around the globe, we provide enterprise solutions for restaurants, large venue operations, hotels & resorts, and deploy systems to meet the specific needs of multi-revenue operations with restaurants, bars, lounges, room service, banquet and retail facilities. Our solutions are designed and delivered specifically for organizations who are fanatical about thrilling their guests. Our obsession is to drive efficiency and improve the profitability of our clients by relentlessly delivering the most innovative solutions on the market. We strive to enhance every aspect of the guest experience, from when the first guest walks in, until the last one walks out. We bring more to the table, so you can bring more to yours. About Pebblebrook Hotel Trust Pebblebrook Hotel Trust is a publicly traded real estate investment trust (“REIT”) and the largest owner of urban and resort lifestyle hotels and resorts in the United States. The Company owns 53 hotels and resorts, totaling approximately 13,200 guest rooms across 15 urban and resort markets.

Read More

POS SOLUTIONS

Mercaux Announces Release of Next Generation POS that Decomposes Experience, Basket, and Checkout Layers

Mercaux | March 17, 2022

Mercaux, The Next Generation In-Store Experience Platform, today announces an extension of its in-store suite to include Next Generation POS. The arrival introduces decomposed basket and checkout layers, resulting in a fluid, flexible and fast checkout process, irrespective of where the omnichannel journey started or finished, or method of payment the customer wishes to use. Where legacy monolithic POS has remained stagnant for many years, delivering little in the way of value to retailers, Mercaux's fully composable, cloud-based and API-first solution derives true business value, and provides a frictionless authentication, cross-channel basket transfer and checkout experience for customers. Next Generation POS from Mercaux consists of a decomposed basket and checkout layer, meaning that a customer can start a journey in one channel (in-store, online or remotely), pick it up in another, and complete the checkout wherever, and however they want. This is enabled via Mercaux's "Universal Basket" that follows the customer wherever they go and supports the rise in popularity of customers who ROPO, or those who would like to use modern payment methods including BNPL, anywhere. Furthermore, by deploying a composable vs monolithic platform, retailers now have the freedom to control how they transform their business, the flexibility to work with other Next Generation solutions of their choice, and the agility to deploy and add new functionality quickly. "Retail is behind other industries, such as banking or e-commerce, when it comes to composability. By extending our in-store experience platform though to basket and checkout, we are helping retail to take advantage of the agility and speed in which the industry can evolve to meet the heightened demands of the customer." Mercaux co-founder and ceo, Olga Kotsur Kotsur concluded, "This is an incredibly exciting development, finally allowing retailers to offer an entirely frictionless cross-channel experience and checkout process for their customers. With the pain of legacy removed, retailers can facilitate new omnichannel service models, understand true customer journeys and leverage online and payment innovations in-store - all leading to tangible top-line benefits." About Mercaux Mercaux's Composable Platform future-proofs stores. The 3-layers comprise of In-Store Experience, Universal Basket and Next Generation Checkout. The Experience layer redefines how customers interact with the physical store, through assisted selling and self-service solutions. Universal Baskets are created from these solutions that follow the customer wherever they continue their omnichannel experience. Next-Gen Checkout allows customers to complete the transaction anywhere, using any payment.

Read More

Spotlight

Native mobile applications allow you to take advantage of the devices’ built-in hardware features. If your app needs to use the phone’s front or rear camera, gyroscope, compass or multi-touch functionality, then you’ll pretty much have to develop a native app. Some apps that require the buildout of a native application include those using augmented reality (AR) and proximity technology (iBeacons). Native apps also have the capability to function off-line with no internet.

Resources