Feb. 6, 2013
Viableware, developer of the RAIL payment platform for full-service restaurants, has formalized a mobile wallet (m-wallet) strategy involving undisclosed companies in the mobile payments industry.
Viableware is not yet releasing the names of its strategic m-wallet partners. A full rollout is expected this quarter.
"In the coming weeks we'll be able to announce the strategic partnerships we have in place that position our payment technology at the forefront of the full-service restaurant industry," said Joe Snell, CEO of Viableware. "From its origin, the RAIL platform was designed with m-wallet providers in mind — so we couldn't be more pleased that the payments industry has taken notice and shown great interest in our rollout later this quarter."
A number of full-service restaurants are currently piloting Viableware's RAIL payment platform in an effort to securely accept payments at the table. The platform utilizes a fleet of handheld devices designed to replicate the look and feel of the typical leather folder that is the industry standard for bill presentation at full-service restaurants.
RAIL devices can split the bill, calculate the tip and email a receipt through a smartphone device. It also allows the guest to self-swipe their own card and retain possession of it throughout the transaction, mitigating card information theft.
"With these relationships now in place, restaurant guests will have the option to choose NFC and cloud-based payments, in addition to cash, debit or credit card when using the RAIL devices," Snell said. "Meanwhile, full-service restaurant operators will be able to enhance their dining experience by providing a higher level of service and convenience."
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