Payment Methods

Bank Of America Merchant Services And Bypass Create A New Digital Commerce Offering

Bank of America Merchant Services announced Wednesday (May 3) that it is teaming up with Bypass, the developer of cloud-based restaurant and multi-site food management systems, to help arenas, sporting venues, corporate and college campuses, hospital cafeterias and other contract food and beverage operators run their concessions more efficiently through a new unified, digital commerce solution.

In a press release, Bank of America Merchant Services said it processed more than 15.2 billion transactions at approximately 660,000 merchant locations in 2016.

“Businesses in the food and beverage industry will enhance their operations and customer experience with our innovative point-of-sale solution,” said Bank of America Merchant Services CEO Tim Tynan in the press release covered by Finextra. “With Bank of America Merchant Services and Bypass behind them, these businesses can network Clover point-of-sale terminals, better manage inventory and staff and tap into valuable customer insights.”

According to the companies, customers will benefit by getting cloud-based connectivity offering point-of-sale mobility, a fast and secure checkout experience for their customers, the ability to accept virtually all payment methods, greater agility through real-time menu inventory management and customized sales, employee and customer reporting.

“With Bypass’ focus on the multi-site food and beverage industry and Bank of America Merchant Services’ scale and strength, we can offer businesses the cutting-edge tools they need to be more efficient and competitive,” Bypass CEO Brandon Lloyd said in the same release.

The companies noted the combined solution already powers more than 10,000 point-of-sale locations across the United States, including concessions at a collegiate football stadium that seats more than 100,000 fans and the café at one of the nation’s largest credit bureaus.

——————————

PYMNTS STUDY: THE CROSS-BORDER MERCHANT FRICTION INDEX – JUNE 2020

The PYMNTS Cross-Border Merchant Friction Index analyzes the key friction points experienced by consumers browsing, shopping and paying for purchases on international eCommerce sites. PYMNTS examined the checkout processes of 266 B2B and B2C eCommerce sites across 12 industries and operating from locations across Europe and the United States to provide a comprehensive overview of their checkout offerings.

Click to comment

TRENDING RIGHT NOW