By Naomi Szeben
PayFacto Payments Inc., a payment technology provider, launched its newest product, VelPay, a full-function mobile point-of-sale (POS) and payment solution on a single handheld device.
Following its recent acquisition of Maitre’D and Veloce, PayFacto integrated these two leading POS systems with PayFacto’s payment processing. With the new VelPay solution, coffee bars are now able to simplify their activities, speed processes and reduce costs, through the ability to send orders directly to the kitchen and take payments at the table, without compromising any POS functionality. PayFacto is committed to listening to merchants’ needs, developing state-of-the-art POS and payment solutions, and being the best payment and technology partner for the coffee service and convenience industry. VelPay is the most recent example of this commitment.
“We know it has been a very difficult last few months for the hospitality industry, and we have done our best to support the industry during this time, staying open during the pandemic to provide support to our customers and offering free modules for online ordering, delivery and curbside pickup and other financial assistance. I think the best support we can give to the industry though is innovation, innovation that makes restaurant owners lives easier and more efficient,” said Martin Leroux, CEO and President of PayFacto in a statement. “I am particularly proud of VelPay as it is our first innovation that brings together the POS and payments parts of our business, a testament to the integration of our payments and POS businesses, and a key element of our growth strategy.”
PayFacto has 50,000 merchants operating on its payment processing solutions. PayFacto will be introducing the VelPay all-in-one POS and payment solution to the US market in the coming weeks, and then will be pioneering POS and payments on a single handheld device in Europe later this year as part of PayFacto’sinternational growth strategy.