Verifone and Lavu Partner to Offer Unified Payments to Restaurants
LavuThe a global leader in restaurant software and payments solutions, was founded by restaurant professionals. Verifone, a global FinTech leader and payment solution provider to the world’s best-known brands, today announce a new cross-distribution partnership that will seamlessly integrate Lavu’s all-in-one restaurant software suite with Verifone’s FLEX payment solution, including its Advanced Payment Methods platform, benefiting Lavu and Verifone customers. This partnership allows both Verifone (and Lavu) to better serve the restaurant business by allowing them to offer a high quality, unified point-of-sale (POS), as well as a payment experience to customers. Lavu will now be able to expand its payments acceptance offering into new markets by leveraging Verifone’s breadth of payment connections. The first available product will be comprised of a Verifone Engage e285 device with Lavu’s tablet-based POS solutions. With access to Verifone’s Advanced Payment Methods platform, millions of restaurants will more easily meet rapidly evolving consumer behavior, most notably the accelerated shift to digital and split payments. Verifone users can choose their preferred advanced payment method and use their mobile devices to complete the transaction. Customers of Lavu and Verifone will have access to the following payment options: Alipay, Affirm and Cryptocurrency (including Bitcoin and Ethereum, Litecoin and Dogecoin), as well as several USD stablecoins) via prominent Crypto wallets like PayPal, Venmo and WeChat Pay. Klarna, Swish and Vipps. “Our partnership with Verifone advances our mission to help even more restaurants reach new customer segments and remain profitable during an increasingly challenging time,” Saleem S. Khatri CEO of Lavu. “Especially over the past two years, consumers have acclimated to contactless, cardless and flexible payment methods, and we’re excited to call Verifone our ally in ensuring that restaurateurs meet this customer needs amidst inflationary pressures and staffing shortages.” “There’s massive interest from dining establishments to expand their payment acceptance options as consumer trust in these popular digital wallets accelerates,” said Tim O’Loughlin President and EVP, Verifone. “We’re excited to partner with Lavu to provide an unparalleled end-to-end experience for restaurant merchants by joining the most adaptable restaurant POS system with our payment solutions and suite of Advanced Payments Methods.” Lavu.com provides information to existing and new restaurant merchants.