Business management via mobile, cloud-based applications is complementing and displacing the traditional point of sale
TORONTO, July 22, 2015 /CNW/ - Moneris Solutions Corporation ("Moneris"), one of North America's largest processors of debit and credit card payments, announced today it has accelerated its rollout of integrated mobile solutions. Moneris is using its national scope, suite of products and end-to-end customer experience know-how to help businesses adopt management solutions that take advantage of vertical applications and anywhere, everywhere payment acceptance.
The business marketplace is evolving and shifting to flexible and easy-to-use business solutions – specifically mobile ones that take advantage of cloud-based applications and are attractive for both the business and the consumer. Moneris began addressing this changing need in 2013 with the introduction of its PAYD family of mobile point-of-sale (mPOS) products. It's expected that mPOS solutions will increase five fold over the next five years making up more than 46 per cent of the market by 2019*.
"The market is moving toward mobile solutions and we're seeing it with every new customer that approaches us today," said Rob Cameron, Chief Product and Marketing Officer, Moneris. "We've experienced this first hand and based on our success to date with the first EMV-ready mPOS solution in Canada – PAYD Pro – and feedback from customers, we're increasing our focus on mobile. We're investing in people, products and strategic business relationships to help businesses take advantage of this technology shift."
One of the key drivers of mobile-led business is the growing acceptance and functionality of iPad solutions that offer familiar and intuitive interfaces that both consumers and businesses understand. Mobile business transformation via the intuitive iOS platform fundamentally changes the POS landscape.
On Apple's July 21, Q3 2015 conference call, the company's CFO Luca Maestri mentioned that Apple is working with a variety of companies to increase iOS presence within business. In working together, Moneris, Apple and its solution providers are educating merchants about integrated mPOS solutions and how they can help improve business efficiency, mobilize payments and create better customer experiences.
Moneris and Apple have been hosting education sessions around mPOS solutions on the iPad with companies including Touch Bistro and Vend. Through these education sessions at Apple retail stores, merchants in the restaurant and general retail segments, for instance, have learned how solutions using iPads, specialized apps and integrated payment functionality can help improve business processes and, lower costs.
"Integrated, mobile solutions are game changers for businesses. We were an early adopter of mobile payment solutions thanks to Touch Bistro and Moneris," said Josh Hillinger, Retail Manager at Steam Whistle Brewery. "We need to provide a unique customer experience to the people that visit Steam Whistle. The fact that we can take an order quickly, get it right, and let guests pay at the table, the bar or in line adds to that experience while helping us sell more of our products."
Moneris is committed to the mPOS market not only through integrated third-party solutions, but with its own products and end-to-end support. In early July, Moneris announced the availability of its latest offering, PAYD Pro Plus, a solution that helps retailers manage sales, inventory and customer profiles from an intuitive, customizable iOS app. For PAYD Pro Plus and all other integrated mobile solutions, Moneris offers implementation advice and training, specialized peripherals and accessories, and on-site installations through Moneris Field Services for a variety of retail environments.
Helping merchants choose the right iOS mPOS solution for their business and making the setup process effortless and intuitive is Moneris' ultimate goal. Through the PAYD family of products and a growing ecosystem of integrated solutions for the iOS platform through vendors such as Aireus, Lavu, Lightspeed POS, Revel Systems iPAD POS, ShopKeep, Touch Bistro, Vend and others, Moneris will continue to be a leader of mobile business solutions in Canada.
As one of North America's largest providers of payment processing solutions, Moneris Solutions Corporation ("Moneris") offers credit, debit, wireless and online payment services for merchants in virtually every industry segment and processes more than three billion transactions, annually. Moneris also offers electronic loyalty and stored-value gift card programs. With more than 350,000 merchant locations, Moneris provides the hardware, software and systems needed to improve business efficiency and manage payments. For more information please visit www.moneris.com.
* ABI Research's Payment and Banking Cards & Contactless Technologies Market Research
Apple and iPad are trade-marks of Apple Inc., registered in the U.S. and other countries. MONERIS & Design, is a registered trademark of Moneris Solutions Corporation. Payd Pro and Payd Pro Plus are trade-marks of Moneris Solutions Corporation. All other marks and registered trade-marks are the property of their respective owners.
SOURCE Moneris Solutions