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. 

Spotlight

Digital Retail (Digital MKB) is a Dutch company founded by Hugo Leijtens in March of 2017 that provides loyalty in the retail industry. Trends in e-commerce are endangering retail stores, them delivered in a matter of hours or days. While recognizing this truth, Digital MKB offers a set of technology-based sales tools to improve the retail shopping experience, increase engagement and loyalty, and strengthen in-store revenue. 


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POS SOLUTIONS

Steven Bramson Named CEO of Innovative Ergonomic Solutions

Innovative Ergonomic Solutions | June 07, 2022

Innovative Ergonomic Solutions (IES), a private equity-backed platform with a collection of inventive brands focused on increasing productivity wherever work happens through better ergonomics, has named Steven Bramson CEO, effective today. Bramson has served as IES President since joining the organization in August 2021. In this elevated role, he will be responsible for setting the company's vision, the strategies to accelerate growth and profitability, and to drive overall success for the organization. Bramson will also oversee IES's diversified, global portfolio of brands. These include: HAT Collective, which serves the contract office market with intuitive, ergonomic products such as height-adjustable tables, monitor arms, seating, power and accessories; HAT Collective Healthcare, a division of HAT Collective, which provides point of care products like mobile carts and wall mounts; Innovative Design Works (IDW), which serves as an original equipment manufacturer (OEM) and designer of monitor arms, tablet mounts and point of sale systems for customers ranging from hospitality to retail; and several e-commerce brands. "Steven brings deep knowledge of the markets we serve and is well positioned to lead IES at this time in the company's lifecycle, He is a proven leader who can solve challenges, unite people and create new opportunities. He is a great fit to the lead the team and serve our customers." -IES Executive Chair and commercial furnishings industry veteran Kris Manos. Mark Woods, Non-Executive Chairman of IES, and Partner and Head of North American Private Equity at Cathay Capital, the controlling shareholder of IES, commented: "During his time at IES, Steven's vision, leadership skills and business acumen have been instrumental in strengthening the existing IES platform while identifying significant growth avenues. Steven is relentless in his pursuit of excellence, and we are confident he will create significant value for all stakeholders." Bramson brings more than 25 years of experience to the position. Prior to joining IES, he was the President of Humanscale North America, a leading manufacturer and global provider of ergonomic products and high performance seating. During his tenure there, he oversaw many of the company's largest divisions, implemented new organizational strategies and helped deliver significant revenue growth and increased market share. About Innovative Ergonomic Solutions Innovative Ergonomic Solutions is a private equity-backed platform with a collection of inventive brands focused on ergonomic workspace products and services that improve the health, wellness and productivity of users across a multitude of environments. IES serves a broad range of channels and markets including both corporate and home office, healthcare, hospitality, retail and point-of-sale. Its brands include HAT Collective, Innovative Design Works and others that serve the e-commerce market. IES is committed to product excellence and supporting the growth of ergonomics across North America, Europe, and Asia. About Cathay Capital Cathay Capital Group is a global investment firm supporting companies at all stages throughout North America, Asia, Europe and Africa. By helping navigate the opportunities of globalization and sustainable transformation, Cathay is the partner of choice for companies aspiring to lead markets and make a positive impact. Its global platform connects people – from investors and entrepreneurs to management teams and leading corporations – across continents to share knowledge, the tools to scale, and achieve the extraordinary. Founded in 2007 with a strong entrepreneurial heritage, Cathay Capital now manages over $4.5B in assets, has completed over 220 buyouts, growth and venture capital investments with the global reach and local expertise from offices in Paris, New York, Shanghai, Munich, San Francisco, Beijing, Singapore, Shenzhen and Tel Aviv.

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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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POS SOLUTIONS

Conflux Network Adds PoS Consensus and Deploys Ethereum-native Development Space

Conflux | March 10, 2022

Conflux, the only regulatory compliant public blockchain network in China, today announced the addition of a Proof of Stake (PoS) Finality Chain that expands on the network's existing Proof of Work (PoW) chain. Conflux is also launching eSpace, an EVM-compatible smart contract execution environment that allows developers to deploy and execute Ethereum-native dApps and smart contracts within the Conflux ecosystem. The two major features are being released as part of the network's Hydra hard fork, a long-awaited update to Conflux. Both upgrades aim to bring more flexibility to developers building on Conflux while also enhancing security against potential attacks. Conflux's new PoS Finality Chain will work alongside the main PoW chain. PoS validators will be able to vote on confirmed pivot blocks. Once a pivot block is voted, all PoW nodes are forced to follow pivot blocks that are voted by the PoS Finality Chain and the transaction is considered irreversible. The PoW chain will still be used to maintain the record of all transactions realized in the Conflux network. The Finality Chain will also significantly increase the security of the network and protect it against 51% attacks, which have been successfully carried out against other PoW networks. The move to add PoS functionality to the network comes as Conflux gears up to expand its ecosystem to attract a wide range of new projects and dApps that can benefit from the hybrid approach. By layering the best of both PoW and PoS, Conflux is enhancing its utility and security for the next wave of Web3 innovation. Conflux smart contracts executed in the Conflux Virtual Machine (CVM) are EVM-based but include added features and expanded data structures that diverge from the original EVM specification. To make it even easier for Ethereum developers to build on Conflux, eSpace introduces a fully-compatible EVM smart contract execution environment. eSpace allows developers to easily deploy and execute EVM-compatible smart contracts without any additional work. A dedicated environment within Conflux, eSpace enables developers to use existing tools from the Ethereum ecosystem, such as libraries (eg: web3.js, ether.js, etc.), wallets (eg: MetaMask, hardware wallets, etc.), and other developer tools (eg: Remix, Hardhat, etc.). As more Web3 projects adopt a multi-chain approach, Conflux's eSpace offers a frictionless way for Ethereum developers to explore and tap into the Conflux community without any technical barriers. About Conflux Conflux is a permissionless Layer 1 public blockchain connecting decentralized economies across borders and protocols. Fast, scalable, and solidity compatible, with zero congestion and low fees, Conflux is transforming how the world transacts and leading the transformation to a sustainable, borderless economy. As the only regulatory compliant, public, and permissionless blockchain in China, Conflux provides a unique advantage for projects building and expanding into Asia. Conflux aims to connect decentralized economies to strengthen the overall DeFi ecosystem globally.

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POS SOLUTIONS

ETP Group Announces the Launch of Ordazzle, an E-Commerce Management Platform

ETP | March 07, 2022

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Spotlight

Digital Retail (Digital MKB) is a Dutch company founded by Hugo Leijtens in March of 2017 that provides loyalty in the retail industry. Trends in e-commerce are endangering retail stores, them delivered in a matter of hours or days. While recognizing this truth, Digital MKB offers a set of technology-based sales tools to improve the retail shopping experience, increase engagement and loyalty, and strengthen in-store revenue. 

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