Clover aims to do for the point of sale what smartphones did for the mobile consumer, by providing a hardware-based platform where businesses can download apps to their countertop. “The best thing to do here is to take lessons from smartphone, and give merchants the ability to have a core register and also include apps they can integrate,” he explains. They need payroll integration, the ability for employees to clock in and out, the ability to track inventory and more. ![]() The reason for this, he says, is that merchants need a full-fledged POS that includes more than just credit card processing. Today, First Data is debuting its point of sale platform to small and medium-sized businesses, Clover.Īs Clover founder Leonard Speiser explains that when you visit most merchants, you still see traditional point of sale terminals despite some of the other iPad-based options on the market like Square and others. ![]() Last year, payments processing giant First Data quietly acquired Andreessen Horowitz-backed mobile payments startup Clover to help the company expand into point of sale for small businesses.
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