POS SOLUTIONS

Newcastle Integrates Epson POS Receipt Printer in New Mobile Powered POS Station

Epson | April 06, 2022

POS Receipt
In today's retail and hospitality settings, frictionless check-out is a must-have to remain competitive and ensure customer satisfaction. Epson, a supplier of industry-leading Point of Sale (POS) solutions, and Newcastle Systems, a leading provider of industrial mobile-powered carts designed to make retail floors more efficient, have partnered to deliver a new, fully mobile all-in-one line-busting POS solution.

Enabling businesses to create flexible and safe check-out locations from anywhere in the store – indoor or outdoor – the new Mobile Powered POS Station combines an Epson receipt printer and a lightweight, yet durable Newcastle POS powered cart. The Mobile Powered POS Station can use one of many Epson printers, including the OmniLink® TM-T88 series, TM-m30II-NT , OmniLink TM-m50, as well as the award-winning OmniLink TM-m30II-SL compact thermal with built-in tablet mount, and the recently released OmniLink TM-L100 liner-free compatible thermal label printer.

"I think everyone has been in a situation in which they've abandoned a purchase, or at least considered it, because the checkout line was too long. The ideal solution to quickly eliminate long lines during peak periods, this new mobile powered POS station with an Epson printer gives businesses the flexibility to add mobile POS locations whenever and wherever they are needed, and further help to facilitate a positive customer shopping experience."

Kevin Ledversis, director of sales, Newcastle Systems, Inc.

The Mobile Powered POS Station offers remote power, eliminating dangerous extension cords and costly ceiling drops. Designed specifically with high-traffic retail and hospitality markets in mind, the new solution helps ensure customer and employee safety by allowing for safe distancing, with flexible check-out locations almost anywhere indoor or outdoor, making it ideal for curbside pick-up, parking lot events or garden centers. The station can also be customized to match a business's brand.

"The pandemic has re-shaped the retail and hospitality market, creating a rapid shift in demand for quick and seamless check-out transactions, leaving businesses with a need for durable and flexible POS solutions that better meet their customers' needs," said Frank Anzures, product manager, Business Systems, Epson America, Inc. "Epson receipt printers are designed to save much needed space and users can choose a model to be configured for tabletop or kiosk self-service use. Leveraging the printer with a Newcastle POS powered cart, retail and hospitality businesses are provided with a fully mobile line-busting solution their busy environments demand."

The Newcastle POS powered cart is equipped with an integrated power system designed to hold and power up to four devices for at least eight hours of normal use. When power is running low, businesses can swap out a battery for continuous AC Power.

Newcastle Systems has previously integrated Epson ColorWorks® on-demand color label printers into its mobile-powered workstations to create ideal solutions for on-demand finished goods labeling, as well as Epson WorkForce® Pro WF-M5299 monochrome inkjet printers for battery-powered mobile workstations for round-the-clock warehouse shifts.

About Epson
Epson is a global technology leader dedicated to co-creating sustainability and enriching communities by leveraging its efficient, compact, and precision technologies and digital technologies to connect people, things, and information. The company is focused on solving societal issues through innovations in home and office printing, commercial and industrial printing, manufacturing, visual and lifestyle. Epson's goal is to become carbon negative and eliminate use of exhaustible underground resources such as oil and metal by 2050.

Spotlight

There are three areas of technology that are driving change in the retail industry. Learn about them from Americas Head of Retail Research Melina Cordero.


Other News
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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POS SOLUTIONS

XTM Launches Stand Alone Tip Pool & Tip Share Automation Product

XTM | August 12, 2022

XTM, Inc. (“XTM” or the “Company”) (QB: XTMIF / CSE:PAID / FSE:7XT), a Miami and Toronto-based Fintech company in the neo-banking space, providing mobile banking and payment solutions around the world, is pleased to announce the release of a Tip Pool and Tip Share software product that accepts data sets from any time and attendance or POS platform. This feature allows restaurant owners and operators to leverage our Tip Pool/Share without an integration and be operative within a few hours of sign-up. The Tip Pool solution collects tips received by employees into a pool, and then automates the calculation and distributes on an organization-determined points basis to staff. The XTM Tip Share product automates the calculation and sharing of tips to other employees based on a percentage of net sales, saving operators time and money as well as providing staff with full transparency of the process. “The technology-agnostic premise upon which our Tip Pool and Tip Share solutions pull data is a significant and strategic innovation for our Engineering team, It aligns with our product road-map to provide enterprise solutions for all hospitality businesses large and small, regardless of their current product stack.” -Chad Arthur, CTO, XTM. Proper Tip allocation is critical to operators and staff; if not done correctly it can be a highly litigious function within hospitality organizations, said Marilyn Schaffer, CEO, XTM. This product is a true reflection of our commitment to provide the hospitality industry with products and solutions to make their businesses more efficient and profitable. About XTM: XTM, is a Miami and Toronto-based fintech innovator in the neo-banking space, helping businesses and service workers in the hospitality and personal care space disseminate and access earned wages and gratuities. XTM's Today™ Solution, comprised of a free mobile app and a Visa or Mastercard debit card with free banking features, is used by thousands of restaurants, salons and staff across Canada and the United States. XTM is a global card issuer and real-time payment specialist. Our technology is used by Restaurants, Salons and service staff at no charge to automate and expedite Earned Wage and Gratuity Access, increasing time and attendance and eliminating cash from ecosystems. XTM's Today solution drives operational efficiencies and delivers a bespoke user experience designed specifically for service workers.

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POS SOLUTIONS

Sionic Launching Free CODE Pay Mobile App for Local Merchants

Sionic | July 13, 2022

Sionic , a leading provider of omni-commerce, consumer-to-business payments solutions, today announced it is launching a free mobile app for local merchants to accept real-time, bank-to-bank, lower-cost cash deposits from customers at the point of sale. “We are excited to give local merchants a fast and easy way to accept real-time payments from customers, The app works with any point of sale and also gives merchants a simple way for customers to order and pay ahead for either in-store or takeout consumption.” -Erica Burris, VP Strategy and Product for Sionic. CODE Pay uses Sionic’s new Pay-by-Bank solution enabling real-time cash deposits for merchants at checkout while bypassing expensive card swipe fees. The mobile app and service helps local merchants combat inflation by offsetting rising labor and food or merchandise costs. Sionic is also offering local merchants a bundled service for convenient processing of both bank and card payments with consolidated, instant reporting and analytics all from their mobile device using CODE Pay. About Sionic- Atlanta-based Sionic is leading The Great Reallocation in digital payments by delivering instant bank-to-bank transfers from consumers to merchants. A Google Cloud service, Sionic's market-first ULink™ is bringing real-time direct deposits to the point of sale via mobile, online, in store or in vehicle experiences. The company has partnered with top financial institution owners of The RTP Network for bank payments and CyberSource, a Visa solution, for secure card payment processing. Merchants accepting real-time payments bypass expensive card swipe fees and receive POS cash deposits immediately. Consumers may receive perks for paying with their bank accounts.

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POS SOLUTIONS

SEB & Everyday People Financial Partner to Launch Health Spending Account Mastercard® Program Across North America

SEB Administrative Services Inc. | May 31, 2022

SEB Administrative Services Inc. (“SEB Admin”), a subsidiary of Smart Employee Benefits Inc. (“SEB” or the “Company”) (TSXV: SEB) (OTCQB: SEBFF), an Insurtech provider of cloud based, end-to-end IT and Benefit Processing solutions for the life and group benefits marketplace and government, is pleased to announce that it has signed a letter of intent with Everyday People Financial Inc. (“EP” or “Everyday People”), a financial technology and consumer financing company, to launch a bespoke healthcare spending account program, offering a challenger product to traditional employer health spending accounts. Healthcare spending accounts help business owners save on medical costs by turning an after-tax personal medical expense into a before-tax business expense. This plan is a smart and efficient option for the modern-day entrepreneur. It also helps the plan member minimize coverage gaps between government funded health care and other health insurance options. The health spending account is particularly applicable to small companies and self-employed business owners. There are over 1.2M small businesses in Canada. Over 97.0% of all businesses in Canada are small businesses. In Canada, small business represents over 15.0M employees, and 2.5M gig workers. The Mastercard® Healthcare Spending Account (“HSA”) solution is unique to the Canadian marketplace. EP and SEB are the first to introduce into the Canadian market this integrated membership-based employee healthcare spending account and credit card program. This program represents a large specialty opportunity targeting the HSA market, currently estimated at over $8 billion premium in Canada. The objective is to capture a minimum of 20% market share in the overall HSA Canadian marketplace. “This innovative program will streamline operations, increase accuracy and boost efficiency, and offers employees a reduction of out-of-pocket burden and costs normally associated with traditional health spending accounts. Members of this HSA program are issued a spending account for health care and wellness services tied to a Mastercard®. This provides more financial flexibility in managing health care options and an improved customer experience, allowing immediate reimbursement of health care expenditures at the point of sale.” -States Mohamad El Chayah, COO of SEB and President & CEO of SEB Administrative Services Within the joint venture, EP will operate as the program manager and SEB will operate as the HSA program administrator and adjudicator. SEB has an established customer base of employers who use SEB’s proprietary SaaS-based benefit solutions to self-administer health benefit programs for their employees. “A joint venture with SEB to offer a health spending account program for small business owners and their employees is yet another way that EP, along with one of its partners, provides people with greater financial flexibility. Giving small business employees access to a blended credit card health spending account helps fill coverage gaps, allows individuals to manage healthcare spending and direct funds according to their personal life situation. The solution provides an instant, easy to use, efficient method of transacting in the form of a credit card based platform. Today, EP offers similar specialty credit payment card solutions in multiple markets. The HSA solution adds to EP’s extensive digital banking solutions portfolio.” -States Barret Reykdal, CEO of EP, About SEB Administrative Services Inc.: SEB Administrative Services Inc. (“SEB Admin”), a wholly owned subsidiary of Smart Employee Benefits Inc. (“SEB”), is a third-party administrator (“TPA”) providing leading edge cloud-based, fully bilingual, benefit processing solutions using SEB Admin’s proprietary and customized technologies, solutions and services of Partners. SEB Admin’s “FlexPlus” platform provides single sign-on connectivity for all group benefit stakeholders. FlexPlus® has over 20 modules supporting multiple revenue models, capturing over 90% of all benefit processing activities for all benefit types. Each module can operate standalone or as an integrated solution. SEB Admin manages benefit plan environments for more than 50 of Canada’s name brand companies and government entities. SEB Admin has over 370,000 plan members under administration and more than 160,000 additional plan members under contract and in transition; in total representing more than $1.3B of premium. FlexPlus® cloud-enabled solutions support all plan designs – traditional, flex, cafeteria, hour bank, dollar bank, marketplace – via co-sourced, fully outsourced or SaaS models. Our solutions turn cost centers to profit centers for many of our clients and partners. About Smart Employee Benefits Inc.: SEB is an Insurtech company focused on Benefits Administration Technology driving two interrelated revenue streams – software/solutions and services. The Company is a proven provider of leading-edge IT and benefits processing software, solutions and services for the Life and Group benefits marketplace and government. We design, customize, build and manage mission critical, end-to-end technology, people and infrastructure solutions using SEB’s proprietary technologies and expertise and partner technologies. We manage mission critical business processes for over 150 blue chip and government accounts, nationally and globally. Over 90% of our revenue and contracts are multi-year recurring revenue streams contracts related to government, insurance, healthcare, benefits and e-commerce. Our solutions are supported nationally and globally by over 600 multi-certified technical professionals in a multi-lingual infrastructure, from multiple offices across Canada and globally.

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Spotlight

There are three areas of technology that are driving change in the retail industry. Learn about them from Americas Head of Retail Research Melina Cordero.

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