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I Love Velvet is a global provider of hardware and software for mobile point of sale (mPOS) transactions and value-added retail services. I Love Velvet manufactures and sells merchant-operated, consumer-facing and self-service mPOS systems to the entertainment, retail, hospitality, and automotive industries.
| Company type | Private |
|---|---|
| Founded | New York City, US (2009) |
| Founder | Patrick Bouaziz |
Area served | International |
Key people | Patrick Bouaziz, CEO |
| Products | mPOS |
| Divisions | South Korea, Bulgaria, China |
| Website | www |
History edit
Founded in 2009 by former SAP AG, Oracle Corporation and retailing executives.[1] The system was developed for enterprise retailers looking to process multiple forms of payments in multiple countries all housed in one single device called “The Brain”.[2]
In 2013, I Love Velvet purchased Wexpay, a French online wallet company.[3]
Product edit
I Love Velvet mobile POS is a cloud-based iPhone, iPad, Android, and Windows tablets, mobile point of sale (mPOS) or checkout system. I Love Velvet mPOS has several large business customers such as German vehicle inspection company, Dekra. The system allows merchants to ring up sales, print or email receipts, open a wireless cash drawer, accept credit and debit card, EMV (for international Credit Cards) smart card, and NFC/RFID transactions, as well as print remotely from compatible hardware devices using the Velvet Store application. The back-end, web-based Velvet Cloud allows inventory, employee, and customer management, with analytics and reporting. The dashboard interface allows merchants to view real-time store sales and other data remotely.
International edit
I Love Velvet is headquartered in New York, New York with global design, hardware/software development and security support facilities in South Korea, China and Bulgaria.
See also edit
References edit
- ^ "I Love Velvet Enters Asia Market to Offer Retailers Industry's Most Secure MPOS Solution" (Press release). 23 May 2013.
- ^ http://patent.ipexl.com/inventor/Patrick_Bouaziz_1.html
- ^ "I Love Velvet acquires e-wallet provider WeXpay". www.telecompaper.com. Retrieved 2020-01-30.
External links edit
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