VizyPay Launches VizyPOS, an All-In-One Payment Processing App for PAX POS Systems that Streamlines Transfers and Offers Data-Driven Insights

VizyPay | April 05, 2021

The VizyPOS App for PAX Technology point-of-sale (POS) systems is now available on the PAX App Market, according to VizyPay, the largest payment processing provider for small businesses. The app delivers comprehensive features that allow retailers to monitor all aspects of their transactions within their enterprise and solves major market pain points such as a lack of data analytics and split tender solutions for cash discounting.

Until now, retailers have been required to buy expensive POS stations that require monthly software subscriptions, resulting in additional fees that can be prohibitively expensive for small to medium-sized businesses. VizyPay's new VizyPOS platform is designed for retailers who want greater convenience. It replaces the need for cash registers and conventional payment terminals, lowering monthly overhead costs.

“We took a close look at the existing pain points merchants have and worked to create a solution for them while developing the app,” said Dang Saengchanpheng, Director of Fintech Development and Data Analytics. “Right from the start, we needed a comprehensive solution that offered well-rounded skills for our partners. Although other payment processing options are available in the PAX App Market, we designed our solution to have more specialized functionality. We decided to go beyond and beyond with the reporting functionality in particular. Merchants can now easily see crucial data such as their top revenue-generating products and services, real-time batch reporting, and much more which was previously unavailable."

The VizyPOS app simplifies and manages all aspects of the payment process for retailers. When a retailer downloads the application, they can begin entering their entire inventory of products or services, which can also be handled from the VizyPOS Portal, a supplementary website for the app. They will then take advantage of the platform's extensive capabilities. Amongst all the main features are:

• Cash Discount Program (CDP) split tender—a widely sought-after feature of the industry, retailers can now easily split CDP payments.

• Merchant inventory ranking system—the VizyPOS Portal will strategically notify merchants of which items are the best for their market by ranking each commodity based on profit margin, volume, and the number of transactions.

• Transaction analytics—in addition to the inventory ranking system, the application provides real-time transaction info, enabling the retailer to gain strategic information to help accelerate their business forward.

• Implementation of the Cash Discount Program—After uploading goods or services, retailers that have signed up to use VizyPay's exclusive CDP can conveniently enforce it with only a few taps inside the application.

The VizyPOS application is available for free to all VizyPay users and is currently designed for retail merchants. It is also compatible with the A80 and A920 PAX terminals.

About VizyPay

VizyPay was founded in West Des Moines, Iowa, by three entrepreneurs who had previous small business ownership and extensive credit card processing experience. Their combined knowledge of these various sectors resulted in the ideal cocktail for a credit card processing company that genuinely looked out for the business owner. VizyPay is quickly spreading because it is transparent and simple in an industry that is known for being complicated and manipulative. Their business model is one-of-a-kind and making a big name for itself around the country.


The global economy is increasingly turning to e-commerce: whether for online shopping between consumers and businesses, from consumer to consumer, or business to business. Traditional and digital worlds are also closely integrated with omni-channel solutions and business models mixing offline, online and even virtual experiences. Consumers in stores use more and more digital devices (their own or the ones provided by the retailer) to virtually try clothes and customize the goods they will then order, buy products that are either out of stock or not sold in stores, scan product labels to check availabilities, and arrange delivery and returns.

Other News

ROVENSA becomes global leader in BioSolutions through the integration of COSMOCEL

ROVENSA | May 27, 2022

ROVENSA, a global leader of agricultural inputs for sustainable agriculture, announces that it has agreed to integrate COSMOCEL, a leading player in specialty biostimulants and high-tech products for agriculture. The completion of the integration is subject to approval by the anti-trust authorities. Based in Monterrey, Mexico, COSMOCEL is a market-leading developer, manufacturer, and distributor of specialty biostimulant solutions with over 60 years of experience. COSMOCEL's portfolio of over 100 products spans biostimulants, biocontrol and adjuvants. COSMOCEL has more than 700 employees, 3 state of the art manufacturing facilities, 11 offices and 26 warehouses to serve its customers in more than 50 countries across North America, Latin America, Europe, Middle East and South Africa. It has a strong and long-established market reach through commercial teams and strategic partnerships, as well as a highly experienced R&D team. This strategic integration positions ROVENSA as global leader in BioSolutions for sustainable agriculture and it is squarely aligned with its strategy to provide distributors and farmers with innovative solutions to increase land productivity and output profitability, whilst enabling farming in a sustainable and responsible way to protect and preserve the environment for future generations. COSMOCEL complements ROVENSA's geographical footprint, bringing exposure to new geographies and enhanced access to strategic markets in the Americas. It also brings sizeable and versatile production capabilities in Mexico, additional R&D competences, and material product synergies. COSMOCEL and ROVENSA share a similar business culture and go-to-market approach, a critical cornerstone to achieve continued commercial growth and value creation in partnership with distributors and farmers. "We are thrilled to welcome COSMOCEL to the group to strengthen our global presence as a reference provider of well-balanced solutions for agriculture. This strategic integration highlights our growth ambitions in the BioSolutions international market and our strong commitment to sustainable agriculture. The high quality and complementary range of biostimulants and bio-performance products of COSMOCEL, their culture, their market approach, the quality and commitment of their people and management, and their production capacities will give us a unique position to offer the best nature-based solutions for our distributors and farmers, leveraging on our global scale and capabilities. We are determined to have a strong impact in sustainable agriculture that should be both productive and regenerative, in harmony with nature, making crops more resilient to climate change, and ultimately feed the world guarantying equity and health". -Eric van Innis, ROVENSA´s CEO The Management of Cosmocel added: "We strongly believe that this integration will be highly beneficial to COSMOCEL and everyone that belongs to the organisation. Since the very beginning of our discussions, ROVENSA always demonstrated a clear commitment and willingness to preserve our culture and people, which will undoubtedly allow us to, together with other ROVENSA businesses, keep on pursuing a path to contribute to a better and more sustainable agriculture." Rovensa was advised by J.P. Morgan, Uría Menéndez, Dunham Trimmer, PwC, Marsh and ERM. Cosmocel was advised by Seale & Associates, Santamarina + Steta, EY, and ERM. About Rovensa Rovensa is a global leader in bionutrition, biocontrol and crop protection solutions for sustainable agriculture, helping farmers to produce safe, healthy and nutritious food for all. Supporting our mission of contributing to feed the planet, our more than 2,000 employees across over 30 countries, strive every day to lead the change in food production systems through science-led innovation in agriculture, aiming to preserve and enhance soil, environmental, and human health. With sales in over 80 countries worldwide, Rovensa offers a complementary portfolio of environmentally friendly and innovative solutions for plant health & care. From our more than 30 R&D Experimental Centers and Laboratories across the world and with over 800 field support professionals, we are working closely with farmers to help them producing more with fewer natural resources.

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Clip.mx continues to Lead the Digital Transformation of Mexico's Commerce with New Suite of Products.

Clip.mx | May 30, 2022

Clip, Mexico's leading digital payments and commerce platform, announced several new innovations to their products which grant merchants in Mexico better access to digital payments and financial services. Over 75% of Clip merchants transacted with cash only before joining Clip. Today, two out of three merchants that join Mexico's digital payments system use Clip's products. "Our experience and strong relationship with customers inspired us to develop the most comprehensive digital payment system in the industry, one that meets the needs of all merchants and encourages their growth. Clip is for everyone and today we have products for any business, regardless of size, industry or location," - Adolfo Babatz, founder and CEO of Clip Mexico. In their recent launch event, 'reCONNECT,' Clip highlighted its evolution to becoming the number one payments platform in Mexico and showcased the company's latest innovations. Among the products and solutions that Clip launched, there were three point-of-sale terminals - Clip Mini, Clip Pro 2 and Clip Stand -, three Remote Payments software features - QR Code, Payment Link, URL Link -, and two hardware accessories - Clip Cashbox and Clip Printer. Key highlights include: Clip Stand – the main featured product of the event, the most complete point of sale terminal with a 16-inch HD portable touch screen, a camera with a reader to photograph products and scan both barcodes and QR codes, a free digital catalog to manage inventory and sales, and unlimited free internet on all transactions. Remote Payments 2.0 – allows merchants to generate QR codes for contactless payments, custom links for card-not-present sales, and trade links to centralize payments from a permanent link. Clip Cashbox and Printer – the Cashbox allows merchants to manage both cash and credit securely in one place, while the Printer generates printed orders, receipts, and daily sales summaries without the need for a link. This diverse set of hardware and software provides merchants with the ability to process payments - including national and international credit, debit, voucher cards and contactless payments - with more than 19 banks and partners. Merchants can process payments with or without a cell phone, tablet or internet access. Clip products also give merchants access to key functions at no additional cost, such as inventory management and selling cell phone airtime top-ups. With these innovations, Clip reinforces its commitment to driving financial inclusion in Mexico by broadening access to digital payment solutions for Mexico's thousands of small and medium-sized businesses. About Clip Clip is the leading commerce and digital payment platform that is empowering businesses in Mexico to interact and transact with its consumers more effectively through innovative technologies, best-in-class customer service, and the ability to accept all payment methods digitally. The company has more than 1,000 employees with offices in Mexico City, Guadalajara, Salt Lake City, and Buenos Aires.

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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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Toast Enhances Mobile Order and Pay Solutions to Help Restaurants Increase Sales, Collect Guest Data and Navigate Labor Challenges

Toast | May 24, 2022

Toast (NYSE: TOST), the all-in-one digital platform built for restaurants, today announced enhancements to its mobile ordering, payments and digital menu solutions, lowering the barrier to entry for restaurants to adopt mobile-first, guest-led technology in a challenging labor environment. With Toast, guests can easily scan a QR code to browse the menu, order, and pay, all from their mobile device. Key new updates will include server-started ordering, allowing both servers and guests to start and add to a tab and customizable digital menus by service area, such as the patio, takeout window and full table service. In addition, Toast Digital Menus and Mobile Payments are now included within Toast's industry leading restaurant POS at no extra cost. The restaurant industry is undergoing massive change. A majority of guests now say they are likely to view a menu or order a meal through their mobile device. Nine out of ten restaurant operators say being understaffed is having a significant or moderate impact on their restaurant’s ability to grow and succeed.2 With Toast Mobile Dining Solutions, guests at full service restaurants no longer have to wait on servers to add to their order or checkout, and guests at quick service restaurants can now skip the line to order their meal. Restaurants of any size or concept may be able to increase sales and tips, collect valuable data on each transaction to build guest loyalty, and navigate the labor shortage with a more efficient service model. They can also introduce more dynamic menus and pricing in the face of rising supply costs and inflation. “As restaurants navigate an unprecedented labor environment, rising costs and changing guest preferences, digital menus, mobile ordering and payments are becoming more mainstream, With Toast's new mobile dining solutions, everyone benefits. Restaurant owners have the ability to increase sales, build guest loyalty and make their staff more efficient, employees can serve more tables and earn more tips, and guests don’t have to wait for checks or wait in a line." -Aman Narang, president and co-founder of Toast. “People love the fact they can order on their own. It’s the fact that customers can choose the way they want to place orders - it’s giving them the option. ‘Where can I find my server?’ Oh. I’ll just use a QR code, The beauty of Toast is it's one system, you don’t have to deal with integrations.” -Ilya Alter, Co-Owner, Dacha Beer Garden. “With Mobile Order & Pay, our tips more than doubled. I split the tips between all the employees…there are dishwashers that are now making $35 an hour, My employee retention is now through the roof, it’s pretty awesome.” -Danny Rosa, Manager, New England Lobster Market & Eatery. The enhanced Toast Mobile Order and Pay solutions are a fully-integrated and flexible suite of products that help restaurants to: Increase revenue and tips - Toast gives guests the option to browse, order and pay from their mobile device, and restaurants using Toast Mobile Order & PayTM typically see an average 10% increase in revenue3. Dynamic, digital menus can be updated in real-time without wasting time or money printing new menus when an item is no longer available or to test new pricing and combinations. Restaurants will be able to offer customizable menus by service area, such as the patio, bar/lounge, takeout window and full table service. Additionally, restaurants can customize the tip options guests see and set a default to help increase tip sizes. Combat the labor shortage with a more efficient service model - Restaurants can simplify checkout for guests and staff, allowing for card pre-authorization and the ability for guests to pay quickly and easily. For the first time, both guests and servers at restaurants on the Toast platform can now start or add to their tab, allowing guests to order through their device or through the server with everything synced to one tab. Collect data on each transaction to keep guests coming back - Restaurants are facing competition from third-party platforms for guest loyalty and data. Now, restaurants can take direct control of their guest relationships by prompting them to join loyalty programs at checkout, whether on or off-premise. Restaurants also have the ability to collect guest data on each transaction that can be leveraged to power their marketing and loyalty programs. On average, Toast restaurants generate up to $2,800 in sales per campaign with email marketing and increase loyalty signups by 25% with mobile payments4. Toast is at the forefront of innovative guest-facing restaurant technology, whether it be the Toast Go® handheld point-of-sale, digital menus or mobile ordering powered by QR codes. Today’s updates create value and flexibility for all restaurants, regardless of format: Full Service Restaurants can free up server time so they can focus on more table touches and recommendations. On average, checkout using Toast mobile payments can save servers four minutes per table when compared to traditional methods5. Quick Service and Fast Casual Restaurants can allow guests to skip lines, order from their mobile device and get text notifications when their order is ready. On average, guests tip on 18% more transactions at QSRs when they pay through Toast Mobile Order & Pay™ vs. standard checkout.6 Restaurant owners and operators can learn more about Toast and schedule a personalized demo here. About Toast Toast [NYSE: TOST] is a cloud-based, all-in-one digital technology platform purpose-built for the entire restaurant community. Toast provides a single platform of software as a service, or SaaS, products and financial technology solutions that give restaurants everything they need to run their business across point of sale, operations, digital ordering and delivery, marketing and loyalty, and team management. By serving as the restaurant operating system across dine-in, takeout, and delivery channels, Toast helps restaurants streamline operations, increase revenue and deliver amazing guest experiences.

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The global economy is increasingly turning to e-commerce: whether for online shopping between consumers and businesses, from consumer to consumer, or business to business. Traditional and digital worlds are also closely integrated with omni-channel solutions and business models mixing offline, online and even virtual experiences. Consumers in stores use more and more digital devices (their own or the ones provided by the retailer) to virtually try clothes and customize the goods they will then order, buy products that are either out of stock or not sold in stores, scan product labels to check availabilities, and arrange delivery and returns.