The merchant processing space is seeing innovative tech advancements in the efficiency of POS operating systems as most consumers expect their card-based transactions to occur in a matter of seconds. The latest innovations and improved technology is creating strategic growth and new partnership opportunities for bolstering revenue streams while news business developments are on the increase. Tech companies in the industry with advancements of note and market performance this week include: HD View 360 Inc. (OTC: HDVW), Square Inc. (NYSE: SQ), VeriFone Systems Inc. (NYSE: PAY), Vantiv Inc. (NYSE: VNTV) and NCR Corporation (NYSE: NCR).
HD View 360 Inc. (OTCQB: HDVW), announced today that its wholly-owned subsidiary, HD View Technologies, signed its first Letter of Intent (LOI) with Pizzafire to supply its Point of Sale (POS) technology to all locations nationwide. Read this and more news for HD View 360 Inc at: http://www.marketnewsupdates.com/news/hdvw.html.
The next generation POS will allow the growing restaurant chain to more efficiently staff, save time on menu updates, and keep closer tabs on new locations. With 19 Pizzafires open, 15 more planned by end of year, and multiple POS systems per location, HD View 360 anticipates this contract to be a substantial revenue generator in the months ahead.
Pizzafire is exactly the type of company we love partnering with,” said HD View 360 CEO Dennis Mancino. “They’re smart, they’re forward-thinking, and they’re experts in their industry. As more and more franchisees join their team, our cloud-based POS is going to slash infrastructure costs and improve operational productivity.”
Pizzafire, a build-your-own pie brand, is quickly climbing the ranks of fast-casual dining options. The brand has 10+ locations open in Ohio with more planned for Los Angeles, Houston, Atlanta, Tampa, Miami, and Nashville in the next 12 months. Led by world-famous pizza chef Sean Brauser, the burgeoning franchisor was impressed by how the software’s ease of use and intuitive interface will help the company stay aligned with its expanding network of national stores. “In a franchise operation, you really want to have uniformity,” said Brauser, Pizzafire Founder and CEO. “The operations you build have to be so perfect and simple to use that new owners can jump right in and run your system. HD View Technology’s POS provides just that.”
Square Inc. (NYSE: SQ) – According to RetailDive.com, Point-of-sale company Square has opened its first physical store, a weekend-only space in New York City’s SoHo neighborhood. By virtue of its credit card readers and other business platforms and services, Square is already a major enabler of brick-and-mortar retail, allowing smaller businesses, including micro-businesses like flea-market vendors, to take advantage of mobile commerce. Square credits retail stores for some 20% of its transaction volume last year. Now the company itself is turning to a physical space to further sales of its hardware and software business solutions. “As we’ve grown from our original reader and POS software to an ecosystem of tools that help you run your business, we felt it was important to offer you the opportunity to experience these products firsthand before deciding which tools will work best for your business,” the company said in a blog post. Read more at http://www.retaildive.com/news/square-debuts-nyc-showroom-to-offer-demos-customer-support/503675/.
VeriFone Systems Inc. (NYSE: PAY) recently announced it has been selected by Shufersal for a full-scale payment as-a-service (PaaS) relationship. Shufersal will be the first merchant in the country to implement Verifone’s suite of commerce-enabled payment solutions that include a complete upgrade to local EMV requirements, access to third-party apps in the Merchant Marketplace, and state-of-the-art gateway services for an omni-channel view of consumer transactions both online and instore.
NCR Corporation (NYSE: NCR) closed Monday up slightly at $35.84 on over 800,000 shares traded by the market close. The company recently announced it has entered into a strategic referral relationship with Performance Food Group Company (NYSE: PFGC) to bring NCR SilverTM, the cloud-based point-of-sale (POS) solution, to more restaurants throughout the United States. PFG will introduce NCR Silver to its 36 Performance Foodservice distribution centers nationwide, which deliver food and food-related products to regional and national restaurant operators. Restaurateurs will be able to purchase NCR Silver software and hardware under a subscription service model.
POS system can really help your business make it to the next level. Not just making it easier to manage but also helping you maximize the resources available to you thus giving you more value and helping you increase your overall revenue and profit. Much like the companies above, Singapore’s pioneer cloud-based POS system provider, InspirePOS (InspirePOS.com.sg), is taking its service to the next level by offering new tools for small-to-medium businesses across many industries. Its ERP Software and Invoicing software system for retail is worth checking out.