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Table of Contents

Lead Story

2018 - Year in review

Patti Murphy


Industry Update

News Briefs


Faster payments: What's slowing us down?

Dale S. Laszig
DSL Direct LLC

Jack Henry-ProfitStars 2018 conference: Learning from community banks

Brandes Elitch
CrossCheck Inc.


Street SmartsSM:
When it's time to say goodbye

Steve Norell
US Merchant Services Inc.

Data breach allocation of liability

Adam Atlas
Attorney at Law

Company Profile


New Products

All-in-one POS, business management solution

E500 Storefront ECR
Sound Payments Inc.


Blending old and new


Letter from the editors

Readers Speak

Resource Guide


A Bigger Thing

The Green Sheet Online Edition

December 24, 2018  •  Issue 18:12:02

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New Products

All-in-one POS, business management solution

Product: E500 Storefront ECR

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.

Improve efficiencies

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:

Partner-centric, vertically focused

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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