Widening the Footprint of Modern Payments Infrastructure to Accommodate Small Businesses

Human beings do have their fair share of shortcomings, but one thing they can do without any problem is growing on a consistent basis. This progressive approach, on our part, has already got the world to hit upon some huge milestones, with technology appearing as a major member of the stated group. The reason why technology enjoys such an esteemed stature among people is, by and large, predicated upon its skill-set, which ushered us towards a reality that nobody could have ever imagined otherwise. Nevertheless, if we look up close for a second, it will become clear how the whole runner was also very much inspired from the way we applied those skills across a real world environment. The latter component was, in fact, what gave the creation a spectrum-wide presence, and consequentially, kickstarted a tech revolution. Of course, this revolution then went on to scale up the human experience through some outright unique avenues, but even after achieving such a monumental feat, technology will somehow continue to produce the right goods. The same has grown increasingly evident over the recent past, and assuming one new fintech-themed development shakes out just like we envision, it will only make that trend bigger and better moving forward.

Elavon, a wholly owned subsidiary of U.S. Bank, is officially set to launch the next generation of its talech software to help small business owners more efficiently run their payment operations, doing so without mandating any large upfront investment which is often required to implement a new payments system. Talk about the software in question, it is a powerful point-of-sale system that allows business owners to accept payments anywhere, anytime with multiple various hardware options, including mobile/fixed hardware and in-store terminals. Not just that, but talech also makes it possible for stated business to conduct their entire operation in a quicker manner, all while enjoying flexible payment transactions and a more robust business management structure. As for what the update will likely carry to the table, the headline here includes an even broader set of payment options, alongside plenty other performance enhancements.

“Our goal is to enable small business owners to focus on what they do best, eliminating the burden of managing customer payments,” said Pari Sawant, chief product officer for Elavon. “This solution is a perfect option for business owners who value their privacy and prefer not to mix their personal mobile phones for customer transactions.”

Delivering its value proposition using what is an intuitive and easy to use interface, talech also has on the offer features like seamless product organization, access to comprehensive reporting, credit card surcharge, inventory management capabilities, and if that doesn’t sound attractive enough to you, then it might be worth acknowledging how the solution also offers dedicated employee support.

Moving on to what makes Elavon an ideal candidate to bring forth such a concept, the answer resides within the way it has helped more than 1.3 million customers in regards to accessing end-to-end payments processing solutions. The company’s excellence in what it does can also be validated by the fact that it is currently a top five payment provider in the hospitality, healthcare, retail, and public sector/education space.

Adding significance to this development is the backing of US Bank and its own parent company US Bancorp, which has an estimated 77,000 employees and $681 billion in assets at the moment. To give you a gist about the company’s stature, US Bancorp has also been recognized as one of the 2023 World’s Most Ethical Companies and Fortune’s most admired superregional bank.

“talech Terminal is a continuation of our multi-year strategy to deliver integrated hardware and software payment experiences for our small business customers following the successful launches of talech mobile in 2020 and talech Register in 2022. Terminal goes beyond basic payment acceptance and allows businesses to run their business in a simple, elegant form factor,” said Joy Ghanekar, chief product officer of talech.