January 31, 2015 11:39 PM ET

Internet Software and Services

Company Overview of ShopKeep POS Inc

Company Overview

ShopKeep POS Inc. provides cloud-based iPad point-of-sale (POS) solutions for retailers. The company’s POS products enable merchants to run and analyze their businesses in a cloud-based interface; and to generate analysis of inventory, sales, and customer relationship management. Its cloud-based POS software also allows full-service bars and restaurants to accept payments and manage their operations. The company also offers Apple Pay and chip card reader, a device that allows merchants to accept Apple Pay, along with magnetic swipe credit card payments. ShopKeep POS Inc. was founded in 2008 and is based in New York, New York.

143 Varick Street

New York, NY 10013

United States

Founded in 2008

Phone:

800-820-9814

Key Executives for ShopKeep POS Inc

Co-Founder and Chief Executive Officer
Compensation as of Fiscal Year 2014.

ShopKeep POS Inc Key Developments

ShopKeep Releases its New Apple Pay and Chip Card Reader

ShopKeep has released its new Apple Pay and chip card reader. This reader allows merchants to accept Apple Pay, along with traditional magnetic swipe credit card payments; chip card capabilities will be available next year well ahead of October's liability transition deadline. ShopKeep's new reader offers independent business owners the latest in payment technology and additional security features for each credit card transaction. The device, powered by Ingenico Mobile Solutions, the mobile commerce platform provider, connects to the ShopKeep register app via Bluetooth. It retails for $249, and for a limited time, new customers will receive a free reader upon signing up for a ShopKeep account. The Apple Pay and chip card reader is an ideal solution for brick and mortar business owners who want to use the latest payment technology and satisfy customer demand. ShopKeep's merchants are already using the ShopKeep platform to run their businesses, send email receipts and implement marketing campaigns, and having this new reader will allow them to continue developing and engaging with their customer base as technology changes. Several ShopKeep businesses have already had the opportunity to use the new reader and accept payments using Apple Pay, universally praising its ease of use and rapid transaction times.

ShopKeep Introduces the ShopKeep Gift Card

ShopKeep announced that it is expanding its product offering to include the ShopKeep gift card. Not only will this card provide a new payment option for customers as the holiday season approaches, but it is also fully customizable and merchants can leverage this offering to increase overall revenue, build brand awareness and establish customer loyalty. The ShopKeep gift card will be available for ordering on November 1, 2014.

ShopKeep Adds Additional Security Features with Apple Pay and EMV Enabled Device

ShopKeep announced that it is strengthening the security of it's product with the release of an NFC for Apple Pay enabled card reader. This new card reader brings the latest advancement in US payment technology to thousands of merchants. It also provides merchants and consumers with an added layer of security because of the two-factor authentication needed for EMV smart card payments (chip and pin) and contactless payments, such as Apple Pay (biometrics and tokenization). This new card reader will be available for purchase beginning in November 2014.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
April 24, 2014
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