Cloud-based POS service company Kounta and electronic payments provider Tyro Payments have announced their partnership to speed up card payments for small and large retailers.
The partnership with Tyro will mean Kounta will become the first Australian-owned POS to support the full breadth of payment options, including cash, debit, credit and mobile payments.
Kounta founder and CEO Nick Cloete said the partnership will see Tyro Payments facilities wirelessly integrate with Kounta’s POS platform, which will be beneficial to both merchants and customers.
“We’ve already partnered with PayPal to connect their new mobile wallet to Kounta, which allows customers to pay and order without cards or cash, using their mobile phone. We’re excited to to add yet another payments solution like Tyro into the Kounta ecosystem,” he said.
“Kounta seamlessly connects directly with Tyro facilities, eliminating the need for merchants to rekey the amount payable when it comes to finalising the transaction. This is obviously great news for merchants, but just as good news for customers because it reduces friction and speeds up the entire transaction process. It also provides secure, real time, online reconciliation.
“Previously, such technology was only available to bigger merchants who could afford to invest heavily in such a solution. But the new integration means any size brick and mortar store that also uses Tyro Payments to process transactions will have the same advantage.”
Kounta enable retailers to run their entire sales process from iPads, Android Tablets, or even the existing POS equipment.
According to Andrew Rothwell, Tyro Payments co-founder and chief technology officer, Kounta's cloud based POS technology is a natural fit for Tyro's advanced Internet based integrated payment systems technology.
“Tyro has spent a long time researching and understanding consumer engagement behaviour when paying for goods and services with merchants, in different market segments, especially the hospitality sector,” he said.
“Codifying these behaviours into working systems that provide safe, enjoyable, reliable and friction free payment experiences for customers – in conjunction with world class POS vendors such as Kounta – is our core work.”