Verdict Food Service

Daily Newsletter

10 August 2023

Daily Newsletter

MicroSale and iPOS partner to streamline payments for restaurants

The partnership is expected to reduce operating cost for restaurants and boost their sales.

Fintech payment company iPOS Systems has collaborated with MicroSale, a developer of point-of-sale systems, to offer a comprehensive payment solution for restaurants.

This payment tool is claimed to help restaurants lower various types of operating costs and boost their sales.

Both companies provide payment processing technology. By integrating their systems, restaurants are said to benefit from quick and secure payment processes while cutting down on errors.

MicroSale offers complete, ‘affordable’ POS solutions such as mobile ordering, kitchen displays, menu boards, online reporting and remote management.

Established in 2006, iPOS offers hardware and integrated payment processing, including its payment gateway iPOSPays.

MicroSale POS Systems president Ben Dowdy said: “Our partnership with iPOS systems will help merchants best position themselves for today’s competitive environment, boosting employee productivity, reducing operating costs and increasing sales.”

iPOS founder, president and CEO Mony Zenou said: “iPOS Systems is proud to partner with MicroSale to provide a dynamic, future-ready payment system for all types of restaurants.”

Last month, iPOS rolled out POPUP, a new payment technology upgrade that integrates its Dejavoo P Line of Android terminals with the iPOSpays Gateway.

iPOS Systems is currently offering existing merchants discounted prices for the Dejavoo P series of terminals to encourage them to convert to POPUP.

Generative AI remains an untapped potential across the consumer industry

GlobalData estimates the total AI market will be worth $909 billion in 2030, growing at a CAGR of 35.2% between 2022 and 2030. The consumer goods, foodservice, and packaging sectors are undergoing digital transformation, accelerated by the COVID-19 pandemic and changing consumer preferences. AI can help companies operating in these sectors by significantly reducing costs and production times. In Nestlé's 2022 full-year results, the company announced a renewed focus on digitalization to drive growth. Financial and reputational pressures associated with supply chain disruptions and sustainability concerns are also driving interest in the digitalization of supply chains. Data science and ML are strong investments across all areas. However, the sectors cannot stop at AI-powered data analytics applications. They must also explore computer vision (CV), smart robots, AI sensors that automate manufacturing and distribution logistics, and generative AI tools that increase efficiency across corporate departments and customer service operations and enable innovation in product design. For the most part, the consumer goods, foodservice, and packaging sectors will not play a significant role in creating and developing AI hardware or platforms. Instead, these sectors will help scale up the adoption of AI technologies, such as CV, conversational platforms, and smart robots. This adoption will be driven by the financial benefits and potential cost savings AI automation delivers across global supply chains.