Cross-Distribution Partnership Will Enable Card Present, Card Not Present, Mobile, Peer-To-Peer, and Cryptocurrency Payments at Restaurants
Lavu, a major global restaurant software and payments solution provider built by restaurant people, and Verifone, a global FinTech leader and payment solution provider to the world’s best-known brands, announce a new cross-distribution partnership that will seamlessly integrate Lavu’s all-in-one restaurant software suite with Verifone’s FLEX payment solution, including its Advanced Payment Methods platform, benefiting Lavu and Verifone customers.
“There’s massive interest from dining establishments to expand their payment acceptance options as consumer trust in these popular digital wallets accelerates”
The strategic partnership helps better serve the restaurant industry, allowing both Verifone and Lavu to offer a high-quality, unified point of sale (POS) and payment experience to their customers. Lavu will now be able to expand its payments acceptance offering into new markets by leveraging Verifone’s breadth of payment connections. The first available product will be comprised of a Verifone Engage e285 device with Lavu’s tablet-based POS solutions.
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With access to Verifone’s Advanced Payment Methods platform, millions of restaurants will more easily meet rapidly evolving consumer behavior, most notably the accelerated shift to digital and split payments. Whether splitting a bill with a large party, paying using cryptocurrencies or spreading payments over time, the Verifone user experience is simple: customers select their desired advanced payment method on the Verifone terminal and use their mobile device to complete the transaction.
The following payment methods, and more, will become available to Lavu customers and Verifone customers: Alipay, Affirm, Cryptocurrency (including Bitcoin, Ethereum, Litecoin, Dogecoin, Shiba Inu, and several USD stablecoins) using prominent Crypto wallets, PayPal, Venmo, WeChat Pay, Klarna, Swish, and Vipps.
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“Our partnership with Verifone advances our mission to help even more restaurants reach new customer segments and remain profitable during an increasingly challenging time,” said Saleem S. Khatri, CEO of Lavu. “Especially over the past two years, consumers have acclimated to contactless, cardless and flexible payment methods, and we’re excited to call Verifone our ally in ensuring that restaurateurs meet these customer needs amidst inflationary pressures and staffing shortages.”
“There’s massive interest from dining establishments to expand their payment acceptance options as consumer trust in these popular digital wallets accelerates,” said Tim O’Loughlin President and EVP, Verifone. “We’re excited to partner with Lavu to provide an unparalleled end-to-end experience for restaurant merchants by joining the most adaptable restaurant POS system with our payment solutions and suite of Advanced Payments Methods.”