DATA4 Product Highlights at Kiosk Summit 2018: Cash Desk K2 Slim; ATOS 15 ELEGANT; Open Standards-Based Hardware; Functional and Elegant Designs

DATA4 Brings Pioneering Payment Systems to Kiosk Summit 2018

TREVISO, Italy, 2018-Aug-27 — /EPR Retail News/ — DATA4, manufacturer of innovative self-service and automatic systems for the payment of goods and services in cash or electronically, will showcase its latest POS innovations at Kiosk Summit 2018 on stand 6. Kiosk Summit is Europe’s only dedicated event for organisations and individuals, who utilise self-service technology to interact with their clients, streamline their customer journey and gain increased efficiency by using cutting-edge interactivity. The event will take place on September 27h next in London.

This year, DATA4, RCH Group-member, will exhibit its innovative solutions integrated with RCH’s advanced point of sale systems for the retail, food and beverage, and the public administration sector:

“We are delighted to have the opportunity to return to Kiosk Summit this year and demonstrate to visitors how our revolutionary payment kiosks can be an additional Point of Sale,” said Michele Stecca, General Manager, DATA4 Srl. Cash Desk K2, in particular, is already proving its worth in helping to reduce queues and the need for people management in busy airport terminals, exhibitions, cinemas, museums and restaurants. In today’s rapid-paced world, the right tools and technology must be in place to streamline the customer journey and speed up the transactions process while at the same time ensuring the highest standard of service. DATA4’s state-of-the-art payment systems make this possible.”

Product Highlights at Kiosk Summit 2018

Cash Desk K2 Slim
Retaining all the features of a multi-payment kiosk for the issuance of receipts and/or tickets, Cash Desk K2 Slim is an automatic device specifically destined for electronic payments. Eliminating the task of handling cash transactions results in a product that’s thinner and smoother in the movements. The device boasts a fast and simple user interface, indicating each operation to be carried out step by step with the aid of visual indicators (LEDs). A multi-lingual and interactive menu allows customers to pay for their goods or services in three easy steps.

For the merchant, the self-service Cask Desk K2 Slim can significantly improve and streamline operations so that long queues are avoided, cash handling is eliminated, and staffing requirements and labour cost are reduced. For the catering industry, hygiene can be improved as the person responsible for preparing foods no longer needs to handle physical money.

ATOS 15 ELEGANT
ATOS 15 Elegant combines pure elegance with high-end technology and comes with a 16:9 fully adjustable monitor that is supported by the stability of a solid chrome-effect base. Efficient hardware coupled with intelligent software makes ATOS 15 Elegant the ideal tool for any Point of Sale. The unit comes with an optional rear customer display that completes its maximum expression of functional elegance. This customer display is available in two different sizes, allowing the merchant to either present the customer with a list of purchased items or alternatively to display its own graphics visualising the consumptions on sale. This back graphic display can be cleverly used as an advertising tool to broadcast the latest news and in-store promotions, giving added value to any POS.

Multiple connections including Ethernet, USB and Micro SD allowing the ATOS 15 Elegant to pair with printers, tablets and scanners are all standard. An NFC reader, an MFC magnetic card and an I-Button are additional options with this innovative and eye-catching POS system.

Open Standards-Based Hardware
All of DATA4’s and RCH’s innovative solutions are based on open source technology and can be easily integrated with various third-party applications and systems. Each system is designed in-house by the company’s Research and Development teams, delivering efficient and streamlined technical support so that the payment terminals fully communicate with third-party systems. The result is a secure, reliable product for every system requirement.

Functional and Elegant Designs
Highly intelligent on the inside, elegant and compact on the outside, each product has a distinguished and modern design made in Italy. A DATA4 and an RCH product is characterised by its perfect combination of elegance with the simplicity of functionality.

More information about DATA4 and its products is available at http://www.data4.it/?lang=en

SOURCE: EuropaWire

Visa study: relying more on electronic payments could yield net benefit of U.S. $470 billion per year across major cities around the world

SAN FRANCISCO, 2017-Oct-13 — /EPR Retail News/ — Visa (NYSE: V) announced today (Oct. 11, 2017) the results of an independent study conducted by Roubini ThoughtLab and commissioned by Visa examining the economic impact of increasing the use of digital payments in major cities around the world. The study estimates that relying more on electronic payments, such as cards and mobile payments, could yield a net benefit of up to U.S. $470 billion per year across the 100 cities studied – roughly the equivalent to 3% of the average GDP for these cities.

“Cashless Cities: Realizing the Benefits of Digital Payments”, is a unique study that quantifies the potential net benefits experienced by cities which move to an “achievable level of cashlessness”—defined as the entire population of a city moving to digital payment usage equal to the top 10% of users in that city today. The study does not look at eliminating cash. Rather, it seeks to quantify the potential benefits and costs of significantly increasing the use of digital payments.

By reducing reliance on cash, the study estimates the immediate and long-term benefits for three main groups—consumers, businesses and governments. According to the study, these benefits could add up to combined direct net benefits of approximately U.S. $470 billion across the 100 cities that were analyzed:

  • Consumers across the 100 cities could achieve nearly $28 billion per year in estimated direct net benefits. This impact would be derived from factors including up to 3.2 billion hours in time savings conducting banking, retail and transit transactions, in addition to a reduction in cash-related crime.
  • Businesses across the 100 cities could achieve more than $312 billion per year in estimated direct benefits. This impact would derived from factors including up to 3.1 billion hours in time savings processing incoming and outgoing payments and increased sales revenues stemming from extended online and in-store customer bases. The study also found that accepting cash and checks costs businesses 7.1 cents of every dollar received compared to 5 cents of every dollar collected from digital sources.
  • Governments across the 100 cities could achieve nearly $130 billion per year in estimated direct benefits. This impact would be derived from factors including increased tax revenues, increased economic growth, cost savings from administrative efficiencies and lower criminal justice costs due to reduced cash-related crime.

“This study demonstrates the substantial upside for consumers, businesses and governments as cities move toward greater adoption of digital payments,” said Ellen Richey, Visa’s vice chairman and chief risk officer. “Societies that substitute digital payments for cash see benefits from greater economic growth, less crime, more jobs, higher wages, and increased worker productivity.”

As cities increase use of digital payments, the positive impacts can extend beyond financial benefits to consumers, businesses, and government. The shift to digital payments also may have a catalytic effect on the city’s overall economic performance, including GDP, employment, wage, and productivity growth.

“The use of digital technologies—from smart phones and wearables to artificial intelligence and driverless cars—is rapidly transforming how city dwellers shop, travel, and live,” said Lou Celi, Head of Roubini ThoughtLab. “Without a firm foundation in electronic payments, cities will not be able to fully capture their digital future, according to our analysis.”

“Cashless Cities: Realizing the Benefits of Digital Payments” offers 61 recommendations for policymakers to help their cities become more efficient through greater adoption of digital payments. Recommendations include undertaking financial literacy programs to help move the unbanked into the banking system, implementing incentives to stimulate innovation focused on scaling new payment technologies, implementing secure open-loop payment systems across all transportation networks and more.

Visa and Roubini Thoughtlab created an online data visualization tool as a companion to “Cashless Cities: Realizing the Benefits of Digital Payments.”Using the data visualization tool, individuals can increase or decrease the level of digital usage in each of the 100 cities included in the study to better explore the benefits of a world, less dependent on cash. Visit the online data visualization tool and download the report at: www.visa.com/cashlesscities.

METHODOLOGY

Roubini Thoughtlab, a leading economics and evidence-based research firm, surveyed 3,000 consumers and 900 businesses in 2016 across six cities (Tokyo, Chicago, Stockholm, Sao Paolo, Bangkok and Lagos) that represent different levels of digital payments maturity. These surveys examined the use, acceptance, and cost-benefit impact of physical and digital money. Researchers then extrapolated these survey results based on specific demographic and economic data to another 94 cities around the world to determine the net impact of moving toward a cashless economy on consumers and businesses in each location. Through other sources, the research was also able to identify expected impacts on government. Researchers used World Bank, Organisation for Economic Co-operation and Development, and other well-respected secondary data sources to augment the survey results and build the overall findings. An econometric model used by various central banks and other institutions – the National Institute Global Econometric Model (NiGEM) – was used to estimate the “catalytic” impacts (economic growth, productivity, employment and wages) that a move toward digital payments would have on each of the 100 cities analyzed. Visa commissioned the study. Roubini Thoughtlab independently conducted the surveys, managed the research and developed the analysis.

About Visa

Visa Inc. (NYSE: V) is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network – enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of connected commerce on any device, and a driving force behind the dream of a cashless future for everyone, everywhere. As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information, visit usa.visa.com/aboutvisavisacorporate.tumblr.com and @VisaNews.

Contact:
Hugh Norton
globalmedia@visa.com

Source: Visa Inc.