TSYS (NYSE: TSS) today announced the launch of Vital® , a new brand of payment products designed to help small and medium-sized businesses run more easily and efficiently. Vital is also available to be white-labeled by TSYS partners.
The Vital brand’s initial offering includes Vital POS, a full-featured, cloud-based point-of-sale solution. Vital POS is made up of three products designed with various functions for businesses of different sizes – all built on the same back office software, enabling a single access point across all products.
• Vital Mobile is for mobile merchants seeking a fast, affordable and easy-to-set-up payment acceptance platform. The product runs on a business owner’s mobile phone or tablet with an inexpensive EMV card reader.
• Vital Plus offers an ideal replacement for countertop payment terminals and electronic cash registers. This product is intended for merchants that are busier and bigger than those using their personal mobile devices – and desire more control and reporting than their existing terminal offers.
• Vital Select provides business owners who have one or more brick-and-mortar locations with a powerful, full-featured POS system, as well as peripherals to address additional business needs. Vital Select includes more robust functionality in such areas as discounts, pricing and inventory management.
All three products feature tools that free up business owners to spend less time on administration and focus more on what they love about their business. These back-office features include: robust analytics and reporting, inventory management, taxes, time-clock and employee management, discounts and pricing functionality and more.
Philip McHugh, senior executive vice president and president, Merchant Solutions, TSYS, said Vital POS goes above and beyond point-of-sale efficiency.
“Business owners are looking for more than just payment acceptance, and that’s what Vital delivers,” McHugh said. “It allows them to run their whole business on the platform through a single user interface — making short work of tasks like inventory, time and attendance and reporting.”
This interface provides Vital POS users with access to market-leading analytics and reporting. Merchants can evaluate employee performance, which inventory items are selling, which days are the busiest and many other data points from their business’ operations.