Moneris Solutions, InfoTouch and Merchant Partners Team to Deliver Integrated Touch Screen POS Syste

Thursday 13 January 2005 02:44 CET | News

Moneris Solutions, InfoTouch Corporation, and Merchant Partners are joining forces to integrate payment processing with touch screen technology and help the retail industry transition to a touch screen point-of-sale (POS) infrastructure.

The integrated offering consists of a Moneris Solutions merchant account, InfoTouchs Store Manager touch screen POS software, and Merchant Partners Virtual Point of Sale (VPOS). Historically believed to be a niche application, touch screen technology has recently gained significant momentum. Touch screens are now the interface of choice for new ATMs, self-checkout lanes, public pay phones, kiosks, gift registries, electronic voting equipment, and corporate training. Frost and Sullivan estimates that the growth of touch screen technology in the retail industry will reach $2.4 billion over the next three years. Moreover, half of the Top 100 retailers recently stated in a LakeWest Group report that touch screen at the point of sale is a high-priority item. As part of this joint solution, Moneris Solutions provides retailers with the merchant services account necessary to accept electronic payments. Moneris delivers, proprietary software, e-commerce solutions, web-based financial reporting, and the necessary services and support so that merchants can be equipped to accept credit and debit cards as well as paper and electronic checks, PIN debit, gift cards. Moneris payments solutions are integrated with InfoTouchs windows-based touch screen Store Manager POS software. The standard Store Manager module includes a graphical interface that helps cashiers ring up items quickly and accurately, real-time inventory record management, customizable customer relationship programs, purchase order aggregation, and advanced reporting. The Store Manager application is now a part of a much more robust software called the InfoTouch Retail Suite, that centrally manages all aspects of a multi-store retail operations The final component of this integrated solution is the Virtual POS (VPOS) offering from Merchant Partners, which allows retailers to process real-time credit card transactions using an existing computer with an Internet connection. An inexpensive credit card swipe reader attaches to the computer so that no software installation is required and no dedicated credit card terminal needs to be installed.

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Categories: Payments & Commerce | Payments General
Countries: World
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