News | May 8, 2008

AccuPOS And Cynergy Team Up For Low-Cost Merchant Services For Small Retailers

AccuPOS, Inc., a leading provider of Point of Sale (POS), inventory management and time clock software for the retail and hospitality industries, recenly announced it has teamed up with electronic payment processing leader Cynergy Data for its Merchant Services. This development partnership means small businesses now have the opportunity for low-cost merchant services, allowing them to compete with large businesses.

Using AccuPOS Point of Sale, along with Cynergy Data's LUCY Gateway integrated payment processing system, small businesses can boost sales to current customers, and reach new customers by taking payments via credit, debit and gift cards that were too costly for them to justify in the past.

Zion Shina, CEO of AccuPOS, Inc., commented, "Our AccuPOS Merchant Service enables small businesses to act as big businesses by allowing them to buy merchant services the way large businesses do and to get the best discount rate possible. Other leading Point of Sale software controls such services without giving small businesses a choice."

Voted best by Inc Magazine, AccuPOS Merchant Services Interchange Plus is a way to pass the low cost from credit card companies to small business retailers with an up front low margin. This low margin is equivalent to only a few dollars for every $10,000 processed. The per-transaction fee varies by type of credit card processed.

"The LUCY Gateway-AccuPOS relationship is more than ideal and enables retailers to take advantage of leading-edge Point of Sale technology to boost sales and gain customers," said Don Hartley, national sales director for LUCY Gateway. "It is the future of customer-to-business and business-to-customer partnerships."

About Cynergy Data
Since its inception in 1995, Cynergy Data has expanded from a two-person operation to an industry leader with nearly 250 innovative, service-oriented employees. Cynergy Data is the last acquirer you'll ever need: it offers superior customer service, a patient and available tech support team, and industry expertise.

With four metropolitan locations across the United States, Cynergy continues its pioneering development of technology and integrated payment systems. Cynergy not only forges new directions for the electronic payments industry, but cultivates and maintains enduring client relationships. Providing tools and support that enhance business management and boost profitability is Cynergy's foremost priority. Headquartered in New York City, Cynergy Data currently processes more than $12B annually in credit, debit, check conversion, and numerous other forms of electronic payment transactions. For more information, visit www.cynergydata.com.

About AccuPOS
AccuPOS is a leading provider of Point of Sale (POS), inventory management and time clock software for the retail and hospitality industries. The AccuPOS family of products, designed to be faster and easier than a cash register, offers unmatched ease of use, security and cost-effectiveness to streamline the sales process. AccuPOS products, based on open standards, expand the capabilities of an existing accounting program and allow users to grow and change, without being locked into proprietary vendor products. AccuPOS products are integrated with the most widely used accounting packages, including QuickBooks, Peachtree Simply Accounting Line 50, and MAS 90/200.

Founded in 1997, AccuPOS is headquartered in Los Angeles with regional offices throughout the United States as well as in Europe. For more information visit www.accupos.com.

SOURCE: AccuPOS, Inc.