Lavu, a major global restaurant software and payments solution provider built by restaurant people, and Verifone, a global Fintech firm and payment solution provider to the world’s “best-known” brands, announced a 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.”
The 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.”
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.”
Saleem S. Khatri, CEO of Lavu, said:
“Our partnership with Verifone advances our mission to help even more restaurants reach new customer segments and remain profitable during an increasingly challenging time. 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.”
Tim O’Loughlin, President and EVP, Verifone, remarked:
“There’s massive interest from dining establishments to expand their payment acceptance options as consumer trust in these popular digital wallets accelerates. 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.”
As noted in the update, Lavu is “the world’s leading restaurant management platform for small and medium-sized restaurants.”
The company’s products include a mobile point-of-sale, online ordering, payment processing and accounts payable suite.
Embodying values of hospitality in its 24/7 support of restaurant partners in more than 65 countries, Lavu “helps businesses grow with solutions built for restaurants by restaurant people.”
Headquartered in Albuquerque, New Mexico, Lavu was “the first iPad point of sale in the Apple App Store and continues to offer the latest in restaurant features and functionalities. Learn more at Lavu.com.”
Verifone is “a FinTech leader providing valuable end-to-end payment and commerce solutions to the world’s best-known retail brands, major financial institutions, and directly to more than 600,000 merchants alike.”
The company’s global services platform “is built on a four-decade history of innovation and uncompromised security and handles 10.4B+ online and in-store transactions annually, totaling more than $440B.”
Trusted and recognized by consumers “for its growing footprint of 35 million devices in more than 150 countries, businesses choose Verifone for its global scale, local capabilities, omnichannel prowess and solution flexibility.”