PAX Technology, the world’s leading provider of innovative electronic payment terminal solutions, held its fifth annual Worldwide Partner Conference, in Macau this year, during which it presented a product roadmap that will see many new products being brought to market during the next three quarters. Channel partners and customers from around the world, including Transaction Systems, one of Europe’s most reputable payment system integrators, were among the event’s attendees.
The prevailing topic of discussion was the shifting global trend toward the adoption of more modern Android payment terminal systems, and how incumbent acquiring banks are facing competition from versatile new payment service providers and non-bank organizations who are adopting new payment terminal technologies to win market share by delivering useful software applications to merchants.
Panos Chalkias, Managing Director of Transaction Systems, was invited to present at the conference and afterwards said: “The fact that PAX was the first payment terminal vendor to launch Android terminals in Central and Eastern Europe has provided Transaction Systems with great opportunities and momentum. However, being first on the market has had its challenges as well”. He added: “Customers across our region have been fast migrating to using Android terminals, and with PAX being the only vendor with a complete product portfolio and adequate software solution resources, we are looking forward to more years of accomplishments”.
Mark O’Flynn, VP Sales at PAX, added: “Partnering with reputable payment integrators such as Transaction Systems has enabled us to properly address the way forward for those first movers in the market who understand the huge impact that Android is creating for in-store solutions. Our combined efforts have been a catalyst for both companies’ success!”
First to market during the current Q2 is the E700, an Android-based SmartECR with an iPAD-like landscape display and integrated payment module and cameras. At the beginning of Q3, PAX will release the SK600 and SK800, new Android-based SmartKiosks with fully integrated payment which can be used in a wide range of market segments, from self-service ordering in quick service restaurant chains to ticketing and bill payment.
A new state-of-the-art compact mobile Linux payment terminal will be launched in Q3, as will much anticipated Android MiniPOS models and a new multilane Android terminal, all of which PAX showcased for the first time to its customer network at the Macau event this week.