14 DAY TRIAL // IP-based point-of-sale and payment processing are the future as cash registers and dial-up connections become obsolete. In this context, Microsoft has partnered with First Data and HP in order to deliver a point-of-sale solution to small businesses.
The POS Value ExchangeSM is the combined solution of the three companies and represents a concert between their respective core technologies. The POS Value Exchange will leverage First Data's payment processing solution, Microsoft DynamicsTM - Point of Sale 2.0 software and HP's hardware. The POS Value ExchangeSM is designed to function with all forms of payment.
"First Data is excited to team with Microsoft and HP to deliver a unique value to small and mid-sized merchants," said Barry McCarthy, president of Product Innovation at First Data Commercial Services, adding that the common point-of-sale solution will enable vendors to manage the inventory, keep track of and comprehend customer behavior.
"This new solution will revolutionize the way small retailers do business and process payments," said Mike Dickstein, general manager of Microsoft Dynamics at Microsoft. "Now small retailers using electronic cash registers and dial-up connections can easily convert to an affordable, integrated point-of-sale and payment processing system, and offer the same great customer service and payment options to their customers that the big-box stores do."
"Simply put, this solution gives small businesses a competitive edge," said Gayle Papadopoulos, managing director of Worldwide Distribution and Retail Industries at HP. "HP's retail-hardened, industry-standard rp5000 point-of-sale system adds the flexibility and affordability of a PC architecture with long life cycles and extended warranties to First Data's payment processing power and Microsoft's software."