SignaPay, a US-based merchant services and payment solutions provider, has launched a compliant cash discount point-of-sale (POS) technology dubbed as PayLo POS.

The newly launched technology integrates with PayLo cash discount software, enabling merchants to eliminate up to 100% of processing fees without impacting their current sales volume.

PayLo POS adds the necessary service fees and discounts, and displays it on the customer’s receipt which reduces back-end accounting and complex statements. It can be used in different markets including retail, restaurants and professional services as it compatible with all credit card types, mobile wallets and EMV chip cards.

The software has a different set of tools which can be used for multiple-locations, business intelligence, employee management, inventory management as well as customer marketing.

SignaPay CEO John Martillo said: “PayLo POS is a state-of-the-art solution that is transforming the payments industry. With a full range of features and customization, businesses will be able to manage day-to-day operations more effectively while increasing their bottom line with the PayLo cash discount software.”

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