Cross-Distribution Partnership Will Enable Card Present, Card Not Present, Mobile, Peer-To-Peer, and Cryptocurrency Payments at Restaurants
Albuquerque, NM (May 19, 2022) — Lavu, a major global restaurant software and payments
solution provider built by restaurant people, and 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.
The strategic partnership helps better serve the restaurant industry, allowing both Verifone and
Lavu to offer a high-quality, unified point of sale (POS) and payment experience to their
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. Whether splitting a bill with a large party, paying using
cryptocurrencies or spreading payments over time, the Verifone user experience is simple:
Customers select their desired advanced payment method on the Verifone terminal and use
their mobile device to complete the transaction.
The following payment methods, and more, will become available to Lavu customers and
Verifone customers: Alipay, Affirm, Cryptocurrency (including Bitcoin, Ethereum, Litecoin
Dogecoin, Shiba Inu, and several USD stablecoins) using prominent Crypto wallets, PayPal,
Venmo, 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,” said 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 these 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.”
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About Lavu
Lavu is the world’s leading restaurant management platform for small and medium-sized
restaurants. The company’s products include an award-winning mobile point-of-sale, online
ordering, payment processing and accounts payable suite. Embodying values of hospitality in its
24/7 support of restaurant partners in more than 65 countries, Lavu helps businesses grow with
solutions built for restaurants by restaurant people. Headquartered in Albuquerque, New
Mexico, Lavu was the first iPad point of sale in the Apple App Store and continues to offer the
latest in restaurant features and functionalities. Learn more at Lavu.com.
About Verifone
Verifone is a FinTech leader providing valuable end-to-end payment and commerce solutions to
the world’s best-known retail brands, major financial institutions, and directly to more than
600,000 merchants alike. The company’s global services platform is built on a four-decade
history of innovation and uncompromised security and handles 10.4B+ online and in-store
transactions annually, totaling more than $440B. Trusted and recognized by consumers for its
growing footprint of 35 million devices in more than 150 countries, businesses choose Verifone
for its global scale, local capabilities, omnichannel prowess and solution flexibility. Learn more
at Verifone.com.
CONTACT:
Caroline Pruett, Lavu Media Relations
caroline.pruett@lavu.com