AllTrust Networks has launched Retail Connect, a web-based Point-of-Sale (POS) service. It provides retailers an all-in-one front-end that consolidates management of financial service offerings. Typical services offered by retailers include check cashing, walk-in bill payment, money transfer, prepaid services and money orders.
Retail Connect also works in conjunction with Paycheck Secure®, AllTrust’s check cashing service, so that check cashing and POS purchases can be completed in one transaction, logged and reconciled at the end of the day. During the next phase of development, integrations with top financial service brands will be added, including bill payment, money transfer and prepaid cards.
The Retail Connect POS is easily customizable, and service offerings can be assigned by store level or clerk type. The product will be offered to customers and partners with a Software as a Service (SaaS) subscription model.
“Retail Connect POS revolutionizes retail financial services;” says AllTrust CEO Jon Dorsey. “Consolidating multiple hardware systems onto one platform means significant savings on many levels. Retailers will immediately benefit from the streamlined service counter and improved back office efficiency, as well as appreciate the expanded service offering and fee revenue opportunities.”
AllTrust’s Retail Connect POS also is available with private labeling, enabling large retailers and service providers to extend their brands while expanding their financial services offering.
Thousands of retailers nationwide use AllTrust’s check cashing solution Paycheck Secure for risk management and check processing, and benefit from AllTrust’s exclusive check casher and maker networks. AllTrust manages the country’s largest commercial biometric database with more than seven million enrolled customers. The company has processed $39 billion through its network.