PAR Technology Announces the Release of PAR Payment Services
October 06 2020 - 7:30AM
Business Wire
The new solution provides simplicity, transparency, and
hardware funding with a single point of support for both point of
sale and payment technologies.
ParTech, Inc. (PAR), a wholly owned subsidiary of PAR Technology
Corporation (NYSE: PAR) and a leading global provider of point of
sale (POS) software and integrated technical solutions to the
restaurant industry, today introduced PAR Payment Services to
provide an all-in-one payment processing solution for
restaurants.
Many restaurants rely on payment processors to handle customer
payment transactions, leading to a complicated and frustrating
experience fraught with complex pricing models, hidden fees, and
poor support. Payment processors further complicate the matter with
complex statements, leaving restaurants guessing as to what is and
is not included.
PAR Payment Services takes a different approach to payment
processing—one that is simple, fast, secure, and allows restaurants
choice. Restaurants pay just one simple fee in which PAR clearly
indicates what is included and what is not, rather than restaurants
paying multiple fees, sometimes hidden in fine print or buried
within complex statements. PAR’s world class technical support team
addresses customer issues in a single call, rather than having
operators calling multiple parties pointing fingers at each other,
leaving the operator frustrated. Also, PCI and PA-DSS compliance
ensures frictionless and reliable payment processing to protect
customer data with fraud and chargeback monitoring.
PAR Technology CEO, Savneet Singh, commented on the news, “PAR
is proud to launch, PAR Payment Services, our all-in-one payment
processing solution. Restaurant operators have long been misled to
sign opaque and complicated payment partnerships, PAR Payment
Services was created to become the transparent and fair solution.
Our launch will give our operators the opportunity to take
advantage of fantastic rates, a streamlined process and the ability
to offset hardware costs.”
Capabilities of PAR Payment Services
- Hardware Payment Plan – eliminate upfront costs by paying for
PAR hardware and services on a monthly basis
- Freedom to Choose Your Own Payment Device – our open platform
allows you to select PAR Pay or from a variety of pre-approved
payment gateways and devices
- Single Monthly Fee – covers fees such as monthly statement
fees, batch fees, fraud & chargeback monitoring, portal access,
and probably the ones you do not even know about
- Comprehensive Technical Support – PAR Customer Support has a
unified view of the entire restaurant payment process, so you only
need to reach out once
About PAR Technology Corporation
PAR Technology Corporation through its wholly owned subsidiary
ParTech, Inc., is a customer success-driven, global restaurant and
retail technology company with over 100,000 restaurants in more
than 110 countries using its point of sale hardware and software.
ParTech’s Brink POS integration ecosystem enables quick service,
fast casual, table service, and cloud restaurants to improve their
operational efficiency by combining its cloud-based POS software
with the world’s leading restaurant technology platforms. PAR
Technology Corporation’s stock is traded on the New York Stock
Exchange under the symbol PAR. For more information,
visit www.partech.com or connect with PAR on Facebook or
Twitter.
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version on businesswire.com: https://www.businesswire.com/news/home/20201006005255/en/
Christopher R. Byrnes 315-743-8376 chris_byrnes@partech.com,
www.partech.com
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