POSDATA and Poynt Partner to Bring Connected Commerce to Merchants Across North America
GIG HARBOR, Wash. January 04, 2019 – POSDATA Group, Inc., the premier North American distributor of secure payment solutions, today announced a strategic distribution agreement with Poynt, Inc., to bring the Poynt all-in-one commerce platform to merchants across North America. POSDATA will utilize its logistics facility in Louisville, Ky., to distribute Poynt payment solutions and provide encryption key injection, technical support and other deployment services.
“Poynt is the type of organization we strive to work with, as they have deep expertise in point of sale and payments, with an innovative product line,” said Jeffrey Creighton, POSDATA president and chief executive officer. “This agreement provides our reseller community with access to products that are technologically advanced, cost-effective, and portable with strong wireless communications capabilities.”
“Thanks to smartphones, consumers have more technology power in their pockets than merchants have in the entire store. With an open commerce ecosystem, we can enable an amazing level of innovation and growth that hasn’t existed before, and merchants can finally match consumer expectations with ability,” said Osama Bedier, founder and CEO of Poynt. “POSDATA has the technical expertise and customer focus we look for in a partner, and this agreement is an important step to help facilitate our expansion in the North America market.”
POSDATA will distribute Poynt’s payment systems, including the Poynt Smart Terminal and Poynt 5, through its reseller network, enabling merchants to modernize their checkout experience and allowing their customers to pay however and wherever they prefer.
Poynt was founded in 2013 to help merchants regain control of the retail experience and provide customers with the same personalization, simplicity and choice in stores that they’ve come to expect online. The company has experienced rapid growth, shipping 150,000 devices in the last 16 months. Nearly 30 million customers have transacted on a Poynt terminal, and total payment volume is expected to exceed $25 billion by the end of the year. Today, approximately 8,000 developers build on Poynt, including Mindbody, Homebase, Boomtown, and talech.
About POSDATA Group, Inc.
POSDATA Group, Inc. is the premier payments systems distributor for the North American channel. We build lasting relationships with OEM vendors and channel partners based on integrity, expertise and service excellence. Our seasoned professionals have deep domain expertise which enables them to customize solutions to meet unique commercial requirements that drive real business results.
Founded in 1973, POSDATA is headquartered in Gig Harbor, Washington and is privately held. The company has a certified point-to-point (P2PE) key injection and distribution center in Louisville, Kentucky and sales offices around the country. In addition to offering leading payment equipment brands, POSDATA provides comprehensive, single-source deployment, configuration, installation and support services. For more information, please visit posdata.com.
About Poynt, Inc.
Poynt is a connected commerce platform empowering merchants with the technology to transform their businesses. In 2013, the company recognized the lack of smart terminals in the market, and it re-imagined the ubiquitous payment terminal into a connected, multi-purpose device that runs third-party apps. As smart terminals become mainstream, Poynt OS is an open operating system that can power any smart payment terminal worldwide, creating a new app economy for merchants and allowing developers to write once and distribute everywhere. Poynt is headquartered in Palo Alto, Calif., with international headquarters in Singapore, and is backed by Elavon, Google Ventures, Matrix Partners, National Australia Bank, NYCA Partners, Oak HC/FT Partners, Stanford-StartX Fund, and Webb Investment Network. Find out more at poynt.com.