Product: PayLo technology suite
Company: SignaPay Ltd.
SignaPay Ltd., a merchant services and payment technology provider, added the PayHub Plus Payment Gateway and PayLo Mynt POS System to its PayLo technology suite. The new solutions provide more hardware and software implementation choices to merchants using the patented, customized PayLo Cash Discount program, company representatives stated.
"PayLo has grown exponentially since February 2017, when our sales channel partners began rolling out the program nationwide," stated Matt Nern, Vice President of Sales at SignaPay. ISOs and merchant level salespeople have been educating merchants on the merits of cash discounts; their merchants are using PayLo to increase profits and improve margins, he added.
Cash discount programs were endorsed within the Durbin Amendment to the 2010 Dodd-Frank Act and enable merchants to discount transactions paid by check or cash. The PayLo Cash Discount program meets all federal guidelines and is approved by leading payment card brands and service providers, company representatives noted. Its patented software detects payment types, automatically applying eligible fees and discounts. Merchants can implement per-transaction- or percentage-based fee structures; they can also use an online savings calculator to evaluate the programs. Employing the PayHub Plus app, PayHub Plus Payment Gateway and PayLo Mynt POS System the program can operate across multiple merchant locations, devices and communications channels, SignaPay noted.
The PayHub Plus mobile app is available at the Apple App Store and Google Play. "In this service-based industry, merchants can travel freely without carrying terminals," Nern stated. "The app has all the bells and whistles of the PayLo Cash Discount program; merchants can manage invoices, bill payments and web checkout from smartphones and connected devices."
The PayHub Plus Payment Gateway, compatible with PayLo cash discount software, is designed to seamlessly integrate with in-store and online channels. The company stated the brandable, customizable gateway includes the following features:
The PayLo Cash Discount Program is certified on select Dejavoo and Pax terminals and PayLo Mynt, an integrated POS platform. The cloud-based, all-in-one POS system, with widescreen tablet, receipt printer and cash drawer, provides customized retail and hospitality solutions for bars, restaurants, retail stores, quick service restaurants, delivery services, salons and spas. Additional features cited by SignaPay include:
"PayLo cash discount software can be seamlessly integrated into the PayLo Mynt POS System," Nern stated. "The solution can be optimized for any business. Merchants who use the PayLo cash discount software and PayLo Mynt POS System can save money on every transaction."
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