Total System's (TSS) New Payment Options To Aid Merchants
Zacks Investment Research | Jan 10, 2019 10:17PM ET
Total System Services, Inc. (NYSE:TSS) has introduced Vital, a brand representing payment products to specifically help small and medium-sized businesses.
The brand would initially offer Vital POS, a fully featured, cloud-based point-of-sale solution. Notably, Vital POS includes three products – Vital Mobile, Vital Plus and Vital Select designed for different kinds of businesses with varied scales. All these products are built on the same back office software, allowing single access to all products.
Vital Mobile is meant for mobile merchants, who are constantly looking for a fast, convenient and reasonable payment acceptance platform. This new product works on an entrepreneur’s mobile phone or tablet via an inexpensive EMV card reader.
Vital Plus offers the best alternative to countertop payment terminals and electronic cash registers. It is aimed at helping merchants who are busier than the ones using personal mobile phones to do their tasks. Meanwhile, Vital Select offers robust, full-featured POS system and other peripherals to meet business needs.
All these features aim at assisting business owners to spend lesser time on administration and dedicate the focus and time to other aspects of their businesses. Business owners are expected to highly benefit from Vital as it allows them to run their entire business on the platform via a single user interface. This interface offers Vital POS users with an access to leading analytics and reporting.
The development of the Vital platform is built upon the technology achieved by the company’s recent purchase of iMobile3.
Total System’s Merchant Solutions Segment has been constantly growing over the past several years, which in turn, has bolstered its revenue growth. We believe that the segment’s potent distribution network, product set, channel diversification and rapidly-growing integrated channel poise the company well for growth.
Shares of this Zacks Rank #4 (Sell) company have gained 3.4%, underperforming its Zacks Investment Research
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