Pay at the Table is a total payment solution helps increase revenue at the point of sale. TablePAY allows your customers to pay right at their table, reducing steps-of-service and saving customer’s valuable time. We put together some marketing information to make restaurant owners aware of the savings and the security you will receive by having a “ TABLEPAY SOLUTION.”
There are a few solutions offered by Verifone or Ingenico to meet the needs of your restaurant. Below are some examples from Verifone and Ingenico so you will have an understanding of the features of each product.
While today’s restaurant patrons increasingly choose to pay for their meals with credit, debit and gift cards, the guest and wait staff process for completing these transactions has not changed. As a result, paying for a meal in a full-service restaurant is more complicated, slower and more susceptible to fraud than the same transaction in any other retail or restaurant environment.
Benefits at a Glance
• Increased revenues from faster table turns
• More convenient and secure (PCI Compliant)
• Expanded payment options improve customer satisfaction
• ON THE SPOT payment maximizes server efficiency and optimizes the payment workflow
• IP, GPRS , WiFi, and Bluetooth communication options process faster than using Dial
• Card stays in the customer’s sight increasing the customer sense of security and reducing the chance of fraud
Statistics and Your Return on Investment:
PIN-based Debit Versus Signature Debit Comparison
<
| Restaurant Impact | PIN-secured | Signature |
|---|---|---|
| Likelyhood of chargeback |
Lower
|
Higher
|
| Expedited fund availablity |
Yes
|
No
|
| Faster customer checkout |
Yes
|
No
|
| Virtually guranteed funds |
Yes
|
No
|
| Transaction expense* |
Lower
|
Higher
|
| Additional ID required |
No (PIN is used)
|
Yes
|
*Industry segment and average ticket may impact interchange.
Source: ATM and Debit News, 2005 EFT Data Book: 2005/2006 Star Consumer Payment Usage Study
ROI: Credit versus Pin Debit Transactions (2% Average and a $0.20 Per trans fee)
Average ticket size $50.00
Monthly Volume at $50,000
25% converted to Pin Debit Transactions
0.25 Pin Debit Fee
0.75% Pin Debit Network Fee
Savings: $143.75
Ingencio i7780, the ideal Pay@Table solution
Outstanding security features Supporting Pay@Table, the i7780 Bluetooth payment terminal enables you to pay wherever you are within your premises with all the security provided by Ingenico’s High Security Core and UNICAPTTM.
• The integrated High Security Core (HSC) has been developed from years of experience by Ingenico, the world leader in POS security. It offers different levels of security, meeting the most demanding requirements for payment transactions (PCI PED, ZKA…). It has a 32-bit processor to support powerful encryption (RSA, DES, 3DES…), thus ensuring confidential data is secure.
• Multi application security is provided by UNICAPTTM technology permitting several applications to run independently on the same device. An additional benefit is the portability of previously written applications for Ingenico terminals.
• For more details, click here.
Exceptional Performance and Functionality
• Powerful 32-bit ARM9 processor completes transactions in seconds
• Standard 1200 lithium-ion or optional 1800 lithium-ion batteries with ‘smart battery technology’ extend and protect the batteries’ life, and are quickly swapped with one hand
• Standard base for drop-and-go charging or optional full-featured base with spare battery charging, also contain USB ports for connection to supported USB
peripherals and dial back up
• Rounded corners and drop resistance to three feet on concrete floor to minimize breakage
• Sealed MSR blade locks out moisture for outstanding spill resistance
• Wi-Fi with 802.11g technology for increased transmission speed and compatibility
WHO IS ADDING PAY AT THE TABLE?
NEWS: Adding Pay at the Table Solution
CHICAGO (NRA Show 2008 – Booth #6179) – May 19, 2008 – VeriFone Holdings, Inc. (NYSE: PAY) announced today that Carrabba’s Italian
Grill has joined the roster of restaurants using its ON THE SPOT payment system. Carrabba’s expects to complete deployment by early summer with multiple devices in each of its 236 locations nationwide, integrated with its existing in-store restaurant management system.
Call us today for additional info 1-888-274-2323
Disclaimer: Requires a merchant account through BPI and and is subject to the specific terms in the merchant agreement. AMEX requires separate approval. Equipmen
