Verifone Launches Cloud-Based POS

Verifone has reached the cloud.

The payment technology company announced today that it is launching Verifone Cloud POS, an Android-based cloud point-of-sale solution for small-and-medium-sized businesses (SMBs).

When bundled with Verifone’s mobile terminals and software, the new platform offers merchants turnkey integration, open architecture, value added services, enhanced reporting capabilities and interoperability with any processor.

In its press release announcing the launch, Verifone adds that the Android-based system enables remote management that is not presently available in any existing iOS platform.

“SMBs need more than a payment solution, but until recently it was difficult to provide enterprise level capability to a small business,” said Thad Peterson, Senior Analyst at Aite Group. “Solutions like Verifone Cloud POS solve that problem, and when connected to a tablet based terminal, it provides a combination of functionality and portability that will meet the needs of a variety of different SMB categories.”

As part of Verifone Cloud POS, the company offers offline support, access to Verifone’s Commerce Enablement platform, 10.1” Android tablets with Wi-Fi and optional 4G connectivity, as well as optional peripherals like cash drawers, receipt printers and scanners.

Verifone also points out in the release that it is currently developing a consumer mobile app for the POS platform.

“This scalable cloud POS offering, as well as the new suite of mobile products we announced earlier this year, will address merchants’ requests for mobile terminals that are more flexible, future-proof, and operate at a lower cost of ownership,” said Vin D’Agostino, executive vice president of Commerce Enablement for Verifone. “Both developments are initial steps in a series of end-to-end mobile solutions that will package hardware, software, gateways, and other assets to fully address our clients’ and partners’ needs and enable them to add more value for consumers at the point of sale.”