Businesses Increasingly Leave Traditional Cash Registers Behind

Retriever Merchant Solutions is an established Chicago-area payment processing service with more than two decades of experience growing with the industry. A leader in e-commerce and omni-channel retailing, Retriever Merchant Solutions helps companies bring their points of sale into the 21st century.

While some may worry that the advent of online retail giants like Amazon will lead to the demise of brick-and-mortar retailers, the data shows otherwise. In fact, more than 90 percent of retail shopping still occurs in physical stores, according to retailcustomerexperience.com. However, businesses must adapt to the changing payment processing landscape in order to stay competitive and offer the best customer service experience.

Traditional cash registers are becoming a thing of the past. Mobile point of sale (MPOS) solutions not only make shopping easier for customers through quick payments and e-receipts, MPOS technology such as the Poynt countertop terminal allows business owners to have inventory and accounting information at their fingertips as well. Another big bonus of the system is included in the name. The mobile aspect allows retailers to sell to customers anywhere inside the store – and even outside the store at events like outdoor festivals. Please visit www.rmsnpc.com for more information about MPOS options.

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ShopKeep Raises $65 Million in Latest Funding Round

A noted payment-processing services company, Retriever Merchant Solutions serves over 30,000 clients nationwide and has catered to businesses in the wholesale, retail, restaurant, jewelry, and Internet industries since 1994. Among the technology solutions that Retriever Merchant Solutions offers is the tablet-based point-of-sale (POS) system ShopKeep, which recently held a successful funding round to further its operations. The December 2018 funding round amounted to a total of $65 million in debt and equity financing, which was procured from major FinTech and SaaS investment players Tribeca Venture Partners, First Data Corporation, and Salesforce Ventures. ORIX Growth Capital and Pacific Western Bank’s Square 1 Bank financed the debt portion of ShopKeep’s funding round. The $65 million will reportedly be used to expand the capabilities of ShopKeep’s tablet-to-cloud platform, which is used by over 25,000 restaurants and independent retailers. The company will also use the funding to...

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Retriever Merchant Solutions provides innovative modern payment processing solutions for businesses operating in various sectors. Based 30 minutes outside of Chicago, Illinois, Retriever Merchant Solutions maintains a foothold in the local community through its support of Restoration Ministries. Established in 1988, Restoration Ministries began as an organization that helped individuals overcome their drug addiction. Over the years, the ministry has continued this mission by establishing ongoing addiction recovery programming aimed at both men and women. Their endeavors are grounded in the Christian faith, using its doctrines to promote healing and rehabilitation among participants. Restoration Ministries initiated its addiction recovery programming with the Harvey House School of Ministry, which began serving the community out of a refurbished motel. Over the years, this program has grown substantially in helping men grow in their faith and turn their lives around. Over the ...

Businesses Embrace Benefits of Digital Payment Processing

A Chicago-based company that provides payment processing systems to clients nationwide, Retriever Merchant Solutions was ranked as one of the Top 10 Retail Payment Solution Providers by Retail CIO Outlook magazine. Committed to providing clients with high-quality payment processing solutions, Retriever Merchant Solutions (RMS) aims to help companies attract and retain loyal customers. As more payment-processing technologies become available, business owners are learning that they can use their points of sale to drive future sales. Some businesses have become creative in demonstrating how integrated payment processing can play a role in building customer loyalty and encouraging additional purchases. Payment processing solutions can be seamlessly integrated with point-of-sale systems to meet the needs of the retail and restaurant industries. For instance, department stores can provide mobile point-of-sale devices to enable customers to complete mobile wallet transactions. In additi...

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