Posera and PAX Announce A Partnership that Brings the SecureTablePay Pay-at-the-Table Experience to Restaurant Merchants

JACKSONVILLE and TORONTO March 11, 2019 PAX Technology Inc. (HKSE stock code: 00327.HK), a leading international supplier of secure electronic payment terminal hardware and transactional software services, and Posera Ltd. (TSX: PAY), a leading provider of software solutions for the hospitality industry, announce today that PAX’s Android payment terminals will be available in the U.S. market with the SecureTablePay solution.

The PAX A920 is the world’s first tablet mobile terminal; it is an Android- powered device that is supported by the PAXSTORE open software distribution platform, which allows payment service providers to create and manage their own independent app marketplaces. SecureTablePay’s pay-at-the-table software is now integrated to the PAX A920.

SecureTablePay’s EMV-enabled pay-at-the-table solution gives customers the peace of mind of added security as the payment device is brought to them at the table. Customers can safely and easily use their chip cards, with either a PIN or signature, right from their seats. Ensuring security and faster more convenient checkouts makes paying at the table with wireless terminals the ideal approach to satisfy hospitality customers.

“By adding convenience, new payment options and better security to the payment experience, today’s modern restauranteurs will easily recognize value from utilizing Posera’s new SecureTablePay product,” said Patty Walters, SVP of Security and Services at PAX Technology. “By working together to integrate the SecureTablePay solution into the PAX A920, we have created a winning combination of function, ease of use and security; completely removing the POS software from PCI scope, an additional benefit critically important to every restaurant.”

The A920 comes with a 5-inch high definition tablet color display and a fast, thermal printer that is neatly hidden below to maximize screen usage for customer-facing transactions. Coupled with the SecureTablePay’s multichannel-ready capabilities with Bluetooth, wire, and 4G LTE, the integration takes every step to ensure a more user-friendly, versatile, yet more secure table restaurant experience.

“PAX Technology is a true innovator in the global electronic payments space, and we’re very excited to be partnering with them,” said Akash Sahai, EVP, Strategy and Business Development at Posera. “PAX A920 is a great combination of form and function, and its sleek design marries perfectly with SecureTablePay’s own contemporary graphic user interface. The combined technologies’ operational and security capabilities ensure the utmost convenience for merchants, servers, and guests.”

The PAX and SecureTablePay partnership brings to the merchant a wide range of advanced connectivity options, as well as inbuilt NFC contactless, electronic signature capture and massive amounts of memory to enable exceptionally fast processing of payments – creating the ideal pay-at-the-table solution for restaurants when it comes to security, efficiency, customer convenience and resulting profitability.

 

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About PAX Technology Inc.

PAX Technology is an innovative global provider of electronic payment solutions, offering world-class, cost-effective and superior quality products. Building on its service excellence and proven leadership position, PAX is one of the largest payment industry suppliers with state-of-the-art manufacturing facilities, excellent R&D capabilities and a worldwide network of sales and channel partners. PAX is listed on the Hong Kong stock exchange as PAX Global Technology Ltd. (00327.HK).

 

About Posera

Posera has been a leading provider of hospitality technology for more than 30 years. It manages merchant transactions with consumers and facilitates all aspects of the payment transaction.

Posera’s full service solutions include: SecureTablePay, an EMV compliant pay-at-the-table application; Maitre’D, a point of sale system which offers a robust and comprehensive solution including hardware integration services, merchant staff training, system installation services, post-sale software and hardware customer support; and KDS, a Kitchen Display System that is now available as a standalone product. Posera’s solutions are deployed globally across the full spectrum of restaurants, from large chains and independent table service restaurants to international quick service chains and its products have been translated into eight languages.

More information about Posera can be found on the Company’s website at www.posera.com or under the Company’s profile on SEDAR at www.sedar.com.

 

Heather Hatch, VP Business Development

1.904.900.3741 ext. 322

Heather.hatch@pax.us

www.pax.us

 

Kevin Mills, Chief Financial Officer

1.519.434.8017

ir@posera.com
www.posera.com

 

 

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