Posera's Pay-at-the-Table Solution, SecureTablePay, Has Completed Certification with First Data

TORONTO, Dec. 14, 2017 /CNW/ - Posera Ltd. (TSX: PAY), a leading provider of software solutions for the hospitality industry, announced today the completion of certification with First Data, a global leader in commerce-enabling technology, for Posera's pay-at-the-table solution, SecureTablePay^®.

SecureTablePay is a middleware software solution that allows customers to pay-at-the-table in an easy, efficient, secure, and EMV compliant manner. With SecureTablePay, the server only needs to go to the POS workstation once ? to place the order. Pulling up the check, accepting and authorizing payment, and closing the table with full reconciliation to the POS is done directly at the table. This allows the server to spend more time on the floor with customers. It also means the credit or debit card never leaves the customer's hands, increasing security and reducing opportunity for fraud. These capabilities create the perfect balance of greater security and increased efficiency.

"We are very excited about our certification with First Data. As it is the largest payment processor worldwide, and given their great distribution network and so many different channels, First Data has the ability to make SecureTablePay easily accessible to merchants big and small across the U.S.," said Akash Sahai, EVP, Strategy and Business Development for Posera.

The first SecureTablePay deployment on the First Data network was installed on October 23^rd, 2017 in a North Carolina restaurant through their local dealer, Cabaret Systems, Inc.  "Cabaret Systems Inc, has been waiting on an easy and efficient pay-at-the-table solution for the U.S. market. We are very happy with how the SecureTablePay application has worked, and we plan on implementing it with many of our restaurant customers in the coming months," said Jeff Henry, President, Cabaret Systems, Inc.

With certification now complete, merchants on the First Data network who are looking to acquire pay-at-the-table functionality, or who need to adopt EMV, can do so with SecureTablePay, as SecureTablePay integrates with all leading POS systems.

About Posera

Posera has been a leading provider of hospitality technology for more than 30 years. It manages merchant transactions with consumers and facilitates all aspects of the payment transaction.

Posera's full service solutions include: SecureTablePay^®, an EMV compliant pay-at-the-table application; Maitre'D^®, a point of sale system which offers a robust and comprehensive solution including hardware integration services, merchant staff training, system installation services, post-sale software and hardware customer support; and KDS, a Kitchen Display System that is now available as a standalone product. Posera's solutions are deployed globally across the full spectrum of restaurants, from large chains and independent table service restaurants to international quick service chains and its products have been translated into eight languages.

More information about Posera can be found on the Company's website at www.posera.com or under the Company's profile on SEDAR at www.sedar.com.

SOURCE Posera Ltd.