Product: E500 Storefront ECR
Company: Sound Payments Inc.
Sound Payments Inc., a diversified technology company, has created the E500 Storefront Electronic Cash Register (ECR). Designed to help small and midsize merchants grow and scale their businesses, the solution combines POS and critical business functions within a small, cost-effective footprint, according to company representatives.
"The E500 system is an Android-based tablet that looks like a cash register but doesn't have the price point of a larger integrated system," said Bill Pittman, vice president of ECR and POS solutions at Sound Payments. "The POS and card reader can share information in the cloud while keeping payment card data out of PCI scope."
The E500 replaces standalone cash registers and countertop terminals with a fully integrated solution that leverages the company's Quantum Cloud Solutions. It also provides a repository of non-payment related information for merchants, enabling them to more efficiently manage their businesses, Pittman said.
The E500 makes enterprise-level services and support available to a previously underserved small merchant community, Pittman noted. Its subscription-based model includes payment terminal hardware, a semi-integrated payment application, continuous updates and 24/7 help desk support. Sound Payments' said its data consolidation capabilities give merchants a bird's eye view of retail and restaurant environments, as well as the following benefits:
Sound Payments provides a range of vertically focused products to a diverse group of channel partners, resellers and distributors. Its partnerships with original equipment manufacturers, such as Verifone, Ingenico Group and PAX Technology, facilitate secure, expedient electronic payments, according to company representatives.
"We have a culturally diverse management team with deep experiences in a multitude of industries," said Andrew P. Russell, president at Sound Payments. "We bring a culture of diversity and inclusion to payments, finance and healthcare."
Russell provided the following examples of how the company addresses unique requirements across multiple industry sectors:
"Sound Payments' technology suite and brandable solutions provide our partners with a point of differentiation while helping them increase customer retention," Russell said. "End-users appreciate the E500's ease-of-use and resellers derive recurring revenue streams through our revenue sharing model."
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