The platform is designed for merchants, Independent Sales Organisations (ISOs), and Independent Software Vendors (ISVs) that want to offer merchants in all sectors a fast, reliable, and easy to use in-person payments solution.

Part of the Cashflows Payment Platform, the in-person solution supports a range of Android and Linux terminal types. Connection to WiFi and 4G networks comes out of the box, as does easy integration with ePOS systems. The device-agnostic solution is secure and complies with all relevant PCI standards. The solution is simple to use, with a transparent, flat monthly rate per device.

Cashflows’ new partner rental model enables ISOs and ISVs to offer best-in-class Android devices to retailers without needing to purchase devices upfront. This opens up new revenue streams with minimal servicing, upgrade, and compliance responsibilities, enhancing Cashflows’ already strong partner proposition. All terminals are integrated with Cashflows’ smart reporting portal, so merchants can access real-time online and in-person payment sales data in a single dashboard. This holistic view of business performance empowers merchants to understand and take action on the insights provided.

Paul Clarke, Chief Product and Innovation Officer, Cashflows, comments: “Cashflows’ mission is to change the payments industry for the better, and our new in-person solution is designed to do just that. Despite the continued growth of eCommerce and mobile payments, in-person payments still account for 74% of all retail transactions in the UK. It’s clear that post Covid human interactions are valued more than ever by consumers and businesses, which is why we have developed an agnostic solution that delivers as seamlessly for financial services companies as it does for high-touch hospitality and retail businesses.”

“Accepting payments shouldn’t be complicated. We’ve developed a simple, flexible, and function-rich solution that partners and customers can use out-of-the-box, with no complicated setup. When combined with our omnichannel data portal and the expert human support of our teams, we’re enabling merchants and ISO and ISV partners to focus on what really matters - growing their business. This is payments, perfected by people.”

PIN pad POS devices, which integrate to a countertop or to an ePOS system through an API, and a proof of concept (POC) with card schemes for Tap on Phone functionality will be launched later in 2023. This will expand the flexibility offered to merchants by allowing users to employ their own devices as card terminals. Cashflows will be able to even further serve different types of businesses, including infrequent or seasonal sellers, small merchants, and large businesses that want a cost-effective way to expand their ability to take payments without spending on additional hardware. Further added-value functionality for the retail and hospitality sectors will be launched in 2024.