POS SOLUTIONS

Waitr Enters into Letter of Intent to Acquire a Dispensary Compliance POS Company

Waitr Holdings Inc. | December 29, 2021

POS News
Waitr Holdings Inc. (Nasdaq: WTRH) (“Waitr” or the “Company”), a leader in on-demand food ordering and delivery, today announced the Company has entered into a non-binding letter of intent (“LOI”) to acquire Retail Innovation Labs Inc. dba Cova (“Cova”), a leading point of sale (“POS”), inventory and compliance software business serving cannabis dispensary retailers in North America.

“We believe that the Cova POS solution will be symbiotic with our recently acquired Cape Payments business, as we estimate annualized gross merchandise value of the cannabis transactions processed on the Cova platform of approximately $2.3 billion, based on recent performance. Cova’s software solution is currently utilized by approximately 2,000 dispensaries in Canada and the United States, and will provide an opportunity to offer these retailers regulatory compliant payment solutions and, when and if provincial regulations in Canada and federal and state regulations in the United States evolve, potentially the ability to offer delivery services as well. Additionally, we believe that we may be able to adapt the Cova POS solution for restaurants in order to offer our restaurant base an integrated solution for in-house and food delivery services,"

- Carl Grimstad, CEO and Chairman of the Board of Waitr

The LOI sets forth a proposed purchase price of $90 million, to be paid in a combination of cash and shares of the Company’s common stock, subject to customary adjustments. There can be no assurance that entry into the LOI will result in a definitive agreement or, if a definitive agreement is reached, the acquisition will close on the terms described above or at all. Legal, regulatory, business and financial diligence will need to be satisfactorily completed by both the Company and Cova, as well as other customary conditions and approvals.

Additionally, we are excited to share that in accordance with our previously announced rebranding strategy, we have acquired the “ASAP.com” domain name and reserved the Nasdaq trading symbol “ASAP.” We expect that “ASAP” will serve as the foundation of our brand moving forward, as we believe it better embodies the future direction of our Company.

“Combining our industry leading retail cannabis technology with Waitr's on demand delivery logistics network and expertise in payments are a perfect match, Waitr and Cova share the same values – we both put the retailer first and believe that nobody should get between them and their customers. This should further enable the dispensary retailers utilizing Cova software to grow and thrive.”

- Gary Cohen, CEO of Cova.

About Waitr Holdings Inc.
Founded in 2013 and based in Lafayette, Louisiana, Waitr operates an online ordering technology platform, providing delivery, carryout and dine-in options. Waitr, along with Bite Squad and Delivery Dudes, connect local restaurants and grocery stores to diners in underserved U.S. markets. Together, they are a convenient way to discover, order and receive great food and other products from local restaurants, national chains and grocery stores. As of September 30, 2021, Waitr, Bite Squad and Delivery Dudes operate in small and medium sized markets in the United States in over 1,000 cities.

About Cova
Cova is an award-winning dispensary POS, inventory management and compliance platform designed to streamline cannabis retail. A compliance-first company, the Cova software is designed to address the seed-to-sale system requirements as well as related legal compliance for dispensary retailers. Cova offers an intuitive, user-friendly design to process transactions. Its technology platform currently powers approximately 2,080 cannabis stores of all sizes and verticals. Headquartered in Denver, CO and Vancouver, BC, Cova's team spans Canada and the US. Learn more at CovaSoftware.com.

Spotlight

There is no escaping the fact that offline retail has changed over the last number of years. The predominant reason for this is advancement in technology but specifically with the emergence of the Internet and associated devices which allow consumers to literally shop from the comfort of their couch.


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POS HARDWARE

Mastercard Holiday Shopping Survey Shows Consumers Prefer Online Shopping And Gift Cards That Give Back This Season

Mastercard | December 30, 2021

While consumers are returning to their in-store shopping routines, according to a recent Mastercard survey, 56% of shoppers are continuing to prioritize online shopping this holiday season, citing waiting in lines (72%), finding parking (65%), and items being out of stock (47%) as primary reasons. Survey data also shows that when selecting gifts this holiday season, nearly half of shoppers say they’re more likely to give gift cards this year (48%) and two thirds say are focused on charitable and cause related giving (69%). Additional insights from the Mastercard survey include: Deck the Halls with gift cards and make your holiday bright Two thirds (63%) of shoppers say they are more likely to buy their loved ones a gift card/prepaid card rather than a physical or experiential gift this year and 41% say gift cards are the top item on their own wish lists. Gift cards are the most popular gift for parents/grandparents (21%), siblings, other relatives and best friends (all at 23%), coworkers (16%) and clients (12%). Giving gifts that give back put joy and meaning into the holidays Twenty percent of shoppers would like a gift that gives back to a good cause this year more so than in the past. Millennials are more likely to prioritize giving back with 27% saying gifts that give back to a good cause are higher on their wish list, representing a significantly higher share than Gen X (15%) and Boomers (18%). Top charitable causes shoppers are most interested in supporting include wildlife conservation (37%) and environmental protection including parks and nature centers, health including patient and family support, and food banks and social services (all at 30%). “Gift cards are a clear winner this season. People’s propensity to engage digitally and support causes they’re passionate about is changed for good,” noted Cheryl Guerin, executive vice president, North America Marketing and Communications at Mastercard. “Online shopping is not only providing consumers with convenience, but also an immediate way to give with meaning this season.” Introducing Priceless Mastercard gift cards and a Priceless Experience that Gives Back With growing consumer attention on supporting environmental conservation, Mastercard continues to leverage the full scale of its business, technology and network of partners and cardholders to create products and services that inspire action towards a more sustainable future. Building on this commitment, Mastercard is providing a series of passion-led gift cards and launching a Priceless Experience auction that deliver a differentiated and meaningful gifting experience this holiday season that gives back. This includes: Priceless Planet Mastercard Passion gift card: Each time consumers purchase the new Priceless Planet Mastercard Passion gift card, $2.00 will be donated to Conservation International, an environmental non-profit, to plant a tree in support of the Priceless Planet Coalition, an initiative to unite merchants, banks, cities, and consumers in the restoration of 100 million trees. The Coalition works closely with its forest restoration partners, Conservation International and World Resources Institute, to not only plant trees, but regrow forests in the places with the greatest need, creating a positive impact on climate, local communities and biodiversity. To learn more about this gift card visit: www.mastercard.us/pricelessgiftcards. Wildlife Impact gift card: Each Mastercard Wildlife Impact gift card features a Critically Endangered animal, along with an expiry date that highlights just how short the timeframe is for protecting these animals from extinction. For each card purchased, $1.00 will be donated to Conservation International, an environmental non-profit, to help protect and restore wildlife habitats that support critically endangered species, including priority areas equal to 40 million hectares of landscape and 4.5 million square kilometers of seascape globally by 2030. To learn more about this gift card visit: www.mastercard.us/pricelessgiftcards Hawaii Priceless Experience Auction: In addition to the Priceless Mastercard gift cards, Mastercard is also announcing a once-in-a-lifetime Priceless Experience auction for cardholders. The winner will receive an expert-led wildlife tour of Hawaii’s scenic island, Lana’i. Winning amount will be donated to Conservation International to protect wildlife habitats1. To learn more about this Priceless Experience auction visit here: priceless.com In addition to supporting these initiatives through the purchase of a passion-led card this holiday season, Mastercard invites consumers to contribute directly to Conservation International through the Mastercard Donate platform. Survey Methodology The survey was conducted among 4,000 respondents among representative populations across the US and Canada. All respondents were 18+, use a credit card, and were likely to shop during the 2021 holiday season. Research was conducted between November 23rd and December 1st. The Priceless Planet Mastercard Passion gift card and Mastercard Wildlife Impact gift card are issued by Sunrise Banks N.A., Member FDIC, pursuant to a license from Mastercard International Incorporated. These cards may be used everywhere Debit Mastercard is accepted. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated. Use of this card constitutes acceptance of the terms and conditions stated in the Cardholder Agreement. About Mastercard Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.

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POS HARDWARE

Posiflex Will Showcase Innovative Retail Solutions at NRF 2022, Including New Point-of-Sale Terminals for the Post-Pandemic Era

Posiflex | January 07, 2022

Posiflex is pleased to join National Retail Federation’s Big Show for 2022 and will be showcasing its latest point-of-sale solutions in booth #5919. After a two-year-long hiatus from a live NRF show, anticipation is at an all-time high, and Posiflex is excited to exhibit its full line of point-of-sale (POS) terminals, kiosks, tablets and more—along with a few surprises—optimized for retailers in search of powerful and flexible post-pandemic solutions for their operations. In addition, Posiflex will showcase a new line of POS terminals for today’s retail demands, including the versatile XT7315, and exciting, fresh models from the new RT6000 Series: the RT6015 and RT6016. The XT7315 comes with a wide selection of processors that can suit virtually any point-of-sale requirement. Running on Windows 10 IoT Enterprise OS platform, the XT7315 is housed in a stylish, durable exterior and has a well-designed base that allows for optimal cable management. With its choice of processors, plus a multi-position folding base and a fanless design, the XT7315 continues the excellence of quality and performance that the line of Posiflex XT Series is well-known for. The new RT6000 Series includes two models: the RT6015 and RT6016, both providing a selection of Intel processors geared for maximum performance and uptime. The main difference between the two models is the display size, with the RT6015 having a 15”/4:3 standard-ratio touch screen display and the RT6016 having a 15.6”/16:9 widescreen-ratio touch screen display. Running on Windows 10 IoT Enterprise and sporting the same exceptional characteristics from the RT Series family, including sleek aesthetics, durability, performance, and reliability, the Posiflex RT6000 Series is an ideal fit for Retail, Hospitality or Specialty-Service establishments. “With rigorous HALT/HASS testing and total in-house manufacturing that all our products experience, our new XT7315 and RT6000 terminals extend the Posiflex legacy of providing top-notch point-of-sale hardware for today’s challenging atmosphere and customers’ demands, We look forward to introducing these exceptional products along with the rest of our latest solutions at NRF 2022.” -Doyle Ledford, VP of Sales & Marketing for Posiflex. About Posiflex Since 1984, Posiflex has designed and manufactured award-winning POS terminals and peripherals. Posiflex has since grown exponentially to provide not only full-service POS stations, but also versatile self-service kiosks, state-of-the-art mobile tablets, and scalable embedded PC solutions. Renowned worldwide in the retail and hospitality industries, Posiflex is a proven leader in POS hardware for Windows and Android OS. More than 30 patents and numerous awards have been won for product innovation, design, and reliability.

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POS SOLUTIONS

Pinpoint Payments Launches Enhanced, Streamlined Point Of Sale System

Pinpoint Payments | April 07, 2022

Pinpoint Payments Inc.has launched Peak POS, an enhanced, streamlined point of sale system that enables retail businesses to be more efficient, improve customer service, and capture more revenue. Peak POS by Pinpoint Payments includes an array of modern terminals to process a full range of payment options including contactless payments. The system also allows for staff scheduling, inventory management, and data tracking. "We're excited to make this comprehensive system available to retail and service based businesses that want to upgrade their operations. The Peak Point of Sale system elevates a business and lets a business owner do more in terms of setting strategy, being efficient, taking care of employees, and making a real difference for customers that will keep them coming back. It clears the way for real growth." Pinpoint CEO Ben Grossman The cutting edge point of sale system was developed for local small service and retail businesses. It is especially designed to meet the specific needs of smoke and tobacco shops, quick serve restaurants, bar and lounges, pet supply and groomers, and funeral homes. "We wanted to support these business owners in being able to take advantage of the most advanced technology for scheduling, inventory control, following customer trends, and taking care of their customers," said Pinpoint Co-Founder and Chief Sales Officer Nico Ruggeri. PEAK POS includes a customizable Loyalty Rewards Program that allows businesses of all sizes to take advantage of customer retention opportunities. About Pinpoint Payments Pinpoint Payments is a four-time Inc. 5000 company and a global leader in payment processing solutions with an A+ rating from the Better Business Bureau. Since 2013, Pinpoint has helped thousands of merchants cut costs, boost profits and expand their business with solutions that are simple and secure.

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POS HARDWARE

Kiosk and Digital Signage News from Industry Group & Kiosk Association (KMA)

Kiosks | January 13, 2022

January news from the Industry Group & Kiosk Association: NRF is coming up this weekend and we are hopeful our retail facial payment finalist takes home the "Best Payment Innovation" award. The transactions and enrollment numbers certainly justify it. We also thank Jim Kruper with KioWare who is managing the booth. Stop by and see contactless self-order, assistive technology ala McDonalds and the new Ingenico Self-4000 terminal. He is featured on our portal page on NRF -- NRF Big Show #1606 Big legal ADA news is Quest Diagnostics got very bad news on two fronts. The class action part will drive remedial actions across the entire country, and all units. That originally inexpensive kiosk has the definite possibility now of turning out to be an expensive choice. For the upcoming DSE show in Vegas/March, besides hoping COVID will subside, we are hoping to show a cool 4K 85-inch demo deployed recently at super major retailer (they sell staples?). At NRA our odds are pretty good we will have the Samsung "KMA" kiosk in our booth (running Nanonation partner software). We are in the Tech Pavilion. New Gold sponsors - FEC POS -- now entering self-checkout (SCO) kiosk market. American Kiosks - offices here in Colorado. Custom projects is prime competency.

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Spotlight

There is no escaping the fact that offline retail has changed over the last number of years. The predominant reason for this is advancement in technology but specifically with the emergence of the Internet and associated devices which allow consumers to literally shop from the comfort of their couch.

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