Paydiant and Future POS Launch Integrated Mobile Wallet Solution

WELLESLEY, MA--(Marketwired - Sep 30, 2013) - Paydiant, provider of a cloud-based mobile wallet, cardless ATM access, offer redemption and loyalty platform, today announced it has integrated its mobile wallet solution with the Future POS restaurant and hospitality point-of-sale (POS) system. Nearly eight thousand Future POS customer locations can now offer mobile payments in a variety of checkout scenarios including pay-at-the-counter, pay-at-the-tablet/handheld and pay-at-the-table. The certified solution also enables Future POS customers to benefit from a number of other compelling capabilities including tender steering to lower cost payment instruments, distribution of offers to drive more frequent customer visits and higher average ticket size, and a more secure payment mechanism that leads to less card fraud and fewer charge backs.

"There is no denying the impact of mobile at the point of sale," said Steve Pritchard, Dealer Manager at Future POS. "It delivers higher service levels and drives deeper customer engagement in multiple ways. Part of that engagement involves new ways of marketing to consumers when and where restaurants and hospitality service providers can add the most value -- in the restaurant and at the point of sale. The integration with Paydiant provides our customers with all the benefits and promise of mobile wallets including increased customer loyalty, improved operational efficiency and reduced payment costs. And best of all, it's available today."

Consumers can use any iPhone® or Android™ smartphone to download the restaurant's or hospitality service provider's mobile wallet app and link their preferred payment cards to the wallet. Customers then simply scan a QR code presented to them at the point-of-sale or on a tablet running an instance of Future POS at the table. From there, customers use their mobile device to choose which offers to redeem and which card type to use to complete the transaction. Future POS restaurants can also accept payments from and distribute offers to customers using mobile wallets issued by Paydiant's bank and financial institution partners. Paydiant's cloud-based mobile payment process ensures security by eliminating the storage of any personal or account information on the phone itself or passing any of that information through the POS system.

"The mobile wallet is about much more than payments," said Chris Gardner, co-founder of Paydiant. "It strengthens customer loyalty by increasing convenience, personalization and value in the consumer relationship. Paydiant's software-only, cloud-based solution delivers these benefits to retailers and hospitality service providers using their existing POS infrastructure."

Paydiant will be demoing the integrated mobile wallet solution at the FuturePOS Annual Dealer Conference taking place October 4-6 in St. Petersburg, Florida. 

About Future POS
Future POS is distributed by Future POS Inc. in Butler, PA and writes point-of-sale software designed for the hospitality industry. Future POS is installed in restaurants around the world including fine dining, quick serve, retail, and other specialty applications. At Future POS we are firmly committed to providing our customers with the highest quality software available. Some of our innovative options include: Digital Signage, Surveillance, Tableside Ordering, IPADs for Handhelds, TabbedOut for Smartphones, Online Ordering and End-to-End Encryption.

About Paydiant
Paydiant is the provider of a cloud-based, white label mobile payment, cardless ATM access, offer redemption and loyalty platform that enables merchants, banks, and payment processors to deploy and manage their own mobile payment and ATM access solutions under their own brand and on their own terms. Based on an enterprise-class, cloud-based transaction processing platform, the Paydiant solution enables the key stakeholders in the payments value chain -- retailers, banks and payment processors -- to control the next generation of payment solutions. Visit www.paydiant.com for more information about the Paydiant solution and follow us on Twitter @Paydiant.