As the payments industry has evolved over many years, the
market for in-person payments has grown increasingly fragmented and confusing.
That changed today, with several point of sale (POS) software vendors
announcing their planned support for the FaceCash mobile payment system in
their respective products.
FaceCash uses a barcode or NFC signal to facilitate
secure retail transactions, and is currently available as a mobile app for
iPhone, Android and BlackBerry.
By year-end 2011, POS offerings from Dinerware, POS Lavu,
Own Point of Sale, POSitouch, Posera Maitre’D, RPOWER, ERPLY, MI9, SalesVu, and
ShopKeep will integrate with the FaceCash API, which allows POS software to
work with the FaceCash payment network. Some of the software modules are
already in testing.
It’s great to see so much enthusiasm around FaceCash.
We’re making good progress toward our goal of making ‘FaceCash’ and ‘mobile
payments’ synonymous,” said Aaron Greenspan, CEO, Think.
With the FaceCash API, POS
software vendors can create a new tender type button for FaceCash mobile
payments. Since FaceCash relies on the ThinkLink payment system instead of the
traditional card interchange, merchants can save 50 percent to 80 percent on
per-transaction fees, while providing benefits to consumers that save time and
money, such as bill splitting and electronic receipts.
The POS Lavu iPad POS System with FaceCash will provide
the greatest payment technology available in the market today,” said Andy Lim,
CEO of Lavu, POS Lavu turns the popular iPad tablet into a cash register.
Having seen what mobile payments have done for brands
such as Starbucks, we’re excited to bring them to Maitre’D with FaceCash,” said
Michel Cote, President, Posera Software.
By Telecomlead.com Team
editor@telecomlead.com
