Veras Retail & Aurus Inc. Announce Partnership to Deliver Innovative Omni-Commerce Payment & eWallet Solutions
A unified payments platform leader, Aurus offers proven global solutions that address the entire payments ecosystem.
Veras and Aurus integration offers retailers alternative payment methods and transparent experiences as non-cash and contactless payment options surge.
April 6, 2021 – PHOENIX – Veras Retail, a leading global provider of omnichannel technology to deliver enhanced retail customer experiences, today is excited to announce its strategic partnership with Aurus Inc. A unified payments platform leader, Aurus offers proven global solutions that address the entire payments ecosystem.
“We are thrilled to enter into this partnership with Aurus to provide retailers with more flexible, efficient, and innovative omnichannel and digital payment options along the entire customer journey,” said Rohit Vir, CEO of Veras Retail. “From how customers prefer to shop, engage, and pay, Veras solutions enable digital transformation and a new level of personalization that is centered around the customer.”
Capgemini research from April 2020 showed that 64 percent of consumers say they use contactless payments often and 48 percent use digital wallets, including QR code-based payments. Additionally, 38 percent of consumers say they discovered a new payment provider during the lockdown period and may consider switching. The pandemic is clearly fueling the demand for new digital payment options, along with purchases made by a younger demographic, who are moving away from credit cards.
The Aurus omni-commerce payment platform accepts myriad payment types, including all leading credit card brands, private-label credit cards, and gift cards. In addition to ACH payment services and digital wallets, the versatile platform supports Buy Now, Pay Later (BNPL) payments, crypto-currency, Text2Pay, and social payments. The Aurus platform also supports industry-specific payment options such as Fleet, FSA, and EBT for food stamps and/or cash benefits.
“As a leader in global payment standards and payment software development, we understand the security and always-on operational needs of omni-commerce payments to drive success on a global scale,” said Rahul Mutha, CEO of Aurus Inc. “We’re excited to offer Veras Retail clients tremendous efficiencies and cost savings through a unified payment framework, while unlocking new and alternative payment options for their customers.”
Like all Veras’ suite of in-store, mobile, and remote selling solutions, AurusPay® takes the point-of-sale out of PCI scope to mitigate risk and provide the highest level of security.
Through this partnership, Veras will benefit from Aurus’ payment innovation to help retailers centralize their sales with unified commerce and secure payment methods regardless of channel. Veras will be even better positioned to serve its core retail customers and growth markets in Asia Pacific where mobile wallets and QR payments are essential for business.
About Veras Retail
Veras Retail builds innovative omnichannel solutions to connect with consumers at every point of decision. It starts at the store, providing fixed and mobile point-of-sale, retail CRM, omnichannel inventory, mobile selling tools, and seamless cross-channel execution. Headquartered in Phoenix, Ariz., Veras is focused on using technology to rapidly implement new solutions to foster positive, meaningful, and profitable omnichannel interactions between retailers and consumers. Veras powers more than 160,000 lanes in over 50 retailers around the world. Top clients include Office Depot, Kirkland’s, Floor & Decor, DKNY, Best & Less, and MEC. To learn more, visit verasretail.com and follow us on LinkedIn or Twitter.
About Aurus Inc.
Aurus provides an omni-commerce payment acceptance platform, AurusPay® to retailers in more than 25 plus countries across the globe for many industry verticals including specialty retail, apparel, grocery, c-store, restaurant, hospitality, beauty and wellness, etc. AurusPay® is a PCI-DSS, PA-DSS, P2PE certified processing platform which protects retailers card data against malware attacks using its innovative and patented security solution, AurusShield®.
Aurus partners with retailers to help them achieve measurable benefits and competitive advantage by providing PaaS (Platform as a Service) to deliver business objectives, and limit their initial investment (CAPEX), curtail ongoing expense (OPEX) and accelerate time to market for payment technology deployment. Aurus also provides a comprehensive set of services, tools and reporting to streamline operations and provide actionable insights. To learn more, please visit: www.aurusinc.com and follow us on LinkedIn | Facebook | Twitter | YouTube.