Posera Announces the Distribution of SecureTablePay through Vantiv, now Worldpay's Integrated Payments POS Reseller Channels in the U.S.

TORONTO, March 1, 2018 /CNW/ - Posera Ltd. (TSX: PAY), a leading provider of software solutions for the hospitality industry, announced today that SecureTablePay, its new pay-at-the-table solution for the hospitality sector, is available through Vantiv, now Worldpay's Integrated Payments POS reseller channels in the U.S.

SecureTablePay makes it possible for customers to pay their restaurant bill directly at the table via easy, efficient, secure, and EMV-compliant transactions, while enhancing the customer experience by giving servers more time to spend with customers. This solution allows the server to perform all functions of completing the payment transaction directly at the table – including pulling up the check, accepting and authorizing payment, and closing the table with full reconciliation to the point-of-sale (POS). As customers' credit and debit cards never leave their possession, SecureTablePay also improves security and fraud protection. Together, these capabilities achieve an optimal balance between higher efficiency and enhanced security.

"With our open architecture model and wide presence in the U.S., we are able to deliver adaptable payment options through innovations like SecureTablePay," said Matt Downs, head of channel and business development at Worldpay. "As new technologies are developed, we're there to bring the future of payments to our merchant's fingertips."

Merchants on the Worldpay network in the U.S. who need an EMV solution will now be able to obtain SecureTablePay to increase their security and efficiency. Regardless of the POS system they use, merchants can easily implement SecureTablePay into their current systems, as SecureTablePay is essentially a universal solution, already integrated with many of the leading POS systems available in the market.

"Posera is proud to provide Worldpay with a pay-at-the-table solution for their merchants as we share Worldpay's commitment to delivering innovative technology to hospitality clients," said Akash Sahai, EVP, Strategy and Business Development, Posera. "Experience in other markets affirms that once customers and merchants experience the simplicity and efficiency of paying directly at the table, this will become the standard that customers will demand and Worldpay will be there to meet that demand with SecureTablePay," added Sahai.

About Posera

Posera has been a leading provider of hospitality technology for more than 30 years. It manages merchant transactions with consumers and facilitates all aspects of the payment transaction.

Posera's full service solutions include: SecureTablePay^®, an EMV compliant pay-at-the-table application; Maitre'D^®, a point of sale system which offers a robust and comprehensive solution including hardware integration services, merchant staff training, system installation services, post-sale software and hardware customer support; and KDS, a Kitchen Display System that is now available as a standalone product. Posera's solutions are deployed globally across the full spectrum of restaurants, from large chains and independent table service restaurants to international quick service chains and its products have been translated into eight languages.

More information about Posera can be found on the Company's website at www.posera.com or under the Company's profile on SEDAR at www.sedar.com.

SOURCE Posera Ltd.