Arcos Dorados, manager of the McDonald’s brand in Latin America, has chosen VeriFone Systems Inc. to supply its PAYware Merchant card payment and settlement hosted service.
PAYware Merchant will be integrated with a proprietary point-of-sale system to accommodate card payment processing.
Arcos Dorados also has contracted to lease VeriFone card acceptance systems and will offer individual restaurants either the VX 810 PINpad or MX 870 multimedia payment system.
When implemented, customers will swipe their cards on a VeriFone acceptance device connected to a cash register. The cash register POS then passes the transaction to PAYware Merchant, which handles payment processing authorization and settlement between the acquirer and the restaurant system.
“We were looking for payments and security expertise, and VeriFone provided the knowledge and technology to support our efforts,” said Pablo Corona, Arcos Dorados systems director, south division of Latin America. “We found the perfect match for PCI DSS compliant hardware and software while increasing transaction reliability.”
PAYware Merchant, part of the PAYware suite of software products, is ideal for medium-to-large sized merchants and retailers who need to process a high volume of electronic payments. The solution, which also supports EMV chip & PIN, provides rapid payment processing that can be integrated with any front-end POS system to increase revenue, reduce costs, and improve customer satisfaction.
The rollout will begin with 220 McDonald’s units in Argentina and Uruguay. The agreement provides the opportunity for broader rollout to other countries, as well.
Arcos Dorados operates more than 1,850 McDonald's restaurants, as well as other McDonald’s-branded points of sale throughout 19 countries, including Argentina, Aruba, Brazil, Chile, Colombia, Costa Rica, Curacao, Ecuador, Guadeloupe, French Guyana, Martinique, Mexico, Panama, Peru, Puerto Rico, Saint Thomas, Saint Croix, Uruguay and Venezuela.
