CHICAGO, IL, January 11, 2005 – 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, InfoTouch’s Store Manager touch screen POS software, and Merchant Partner’s 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 InfoTouch’s 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. “Touch screen technology at the POS is being readily accepted by specialty retailers because it saves 40-60 percent in training cost and time and its unique architecture reduces errors,” said Keith Neerman, CEO, InfoTouch. “At InfoTouch, the idea has always been to make POS easier, faster, and to offer better service - integrating payments processing as part of the POS software just makes sense and we are pleased to be working with Moneris and Merchant Partners to make this happen.”
“We are excited to be joining forces with InfoTouch and Moneris to help retailers experience the benefits of reduced processing fees, faster transactions, and better customer service,” said Doug Merryman, president, Merchant Partners. “We are dedicated to providing merchants with the tools they need to do business via an Internet connection efficiently and cost effectively. We are doing this by combining touch screen POS and payments processing to make their POS system decision even easier.”
“Moneris prides itself in spotting new industry trends so that our customers can stay ahead of the curve and we believe touch screen retail POS is a technology whose time has come,” said Larry Wine, president of Moneris Solutions U.S. Group. “We recognize the value we are bringing merchants with the delivery of an integrated POS/electronic payments solution. Moneris has selected InfoTouch as a best-of-breed provider because the company has been a pioneer in touch screen POS solutions since 1986 and brings a wealth of experience and expertise to its touch-screen POS software products.”
More information on this integrated payment processing solution is available at a special website: www.monerisinfotouch.com.
About InfoTouch Corporation
Headquartered in Atlanta, InfoTouch Corporation has been the leader in the touch-screen retail POS software industry for over 17 years. The Company has more than 8000 registers utilizing its InfoTouch®, touch-screen based POS software, operating in over 2000 locations. The Company’s Windows-based application, InfoTouch® Store Manager, is built from the ground up to leverage the company’s signature intuitive touch screen software into a complete, user and management friendly, retail POS solution.
About Merchant Partners
Merchant Partners ( www.merchantpartners.com), is an industry leader in leveraging the Internet to deliver retail solutions for credit card and electronic check payment processing since 1994. Facilitating two billion dollars in annual transaction volume, the Company’s suite of offerings provide retailers with everything they need to transact business efficiently and cost effectively. These solutions are sold as private label offerings through partnerships with small business aggregators that provide complimentary products and services.
About Moneris Solutions
Moneris Solutions ( www.monerisusa.com) has a 30-year history as one of North America’s largest electronic transaction processors, delivering advanced payment card processing capabilities through point-of-sale hardware, payment processing software, e-commerce solutions and a gift and loyalty program. Moneris provides transaction-processing services nationwide through numerous agent banks and serves the small to medium-sized business market through direct sales and strategic partnerships. A joint investment of the Royal Bank of Canada and the Bank of Montreal, which have assets in excess of $700 billion, Moneris Solutions serves more than 350,000 North American merchant locations and has a staff of over 1,100 employees. U.S. headquarters are located outside of Chicago, IL.
For more information, please contact:
| Marcie Cheney 202-296-2002 x103 mcheney@environics-usa.com |