Revel integrates PayPal support into retailer POS solution for iPad
Revel Systems is bolstering its point-of-sale solution for Apple's iPad by adding support for PayPal's mobile commerce capabilities.
PayPal's flagship applications for Apple's iOS and Google's Android are now integrated directly into the Revel POS system. Brick-and-mortar retailers and restaurants may now offer consumers the same payment security features baked into PayPal's digital payments platform--customers may also access a mobile directory of nearby establishments that accept PayPal and order ahead through the app, cutting down on waiting times.
Revel Systems' cloud-based iPad POS system supports features like integrated payroll, inventory tracking and customer relationship management. Its Revel Marketplace apps portal enables businesses to directly integrate add-ons like mobile payments, online ordering, gift and reward cards and financial software suites.
The Revel deal signals PayPal's latest move into the brick-and-mortar payments segment. Just last week, the eBay-owned firm launched Payment Code--an in-store payments platform enabling consumers to complete purchases with their mobile phone by scanning a QR code or activating a four-digit code. Shoppers may also redeem special offers, gift cards and merchant rewards programs.
Payment Code allows merchants to capitalize on mobile commerce innovations while leveraging technologies already installed in their stores, PayPal said that more than 40 million Payment Code-ready POS terminals are active worldwide. PayPal expects to roll out Payment Code during the first quarter of 2014.
Last month, PayPal also introduced Beacon, an add-on technology enabling consumers to complete in-store mobile payments without removing their phone from their pocket.
PayPal is expected to handle around $20 billion in mobile transactions this year, up from $14 billion a year ago. Its mobile efforts additionally include PayPal Here, which enables small businesses and other users to process credit and debit transactions by swiping cards through a dongle that attaches to their smartphone or tablet. PayPal Here charges US merchants a flat rate of 2.7 percent per transaction, a .05 percent savings over rival Square's mobile payment offering.
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