Teya unveils new payments card machine

Teya has launched a high-speed payment terminal designed to solve the two biggest headaches for small retailers: slow checkout lines and delayed access to funds. The new hardware processes most transactions in just 1.7 seconds. For merchants, the most significant feature is the instant settlement functionality, which moves money into the seller's account immediately after a sale rather than waiting for standard settlement cycles. This technology matters for operators because it directly improves cash flow management. Instead of having capital locked in transit for days, businesses can reinvest their daily earnings immediately into inventory or overhead. The device also features a 6-inch touchscreen and is designed for high-volume environments where speed is a competitive advantage. While the launch focuses on European markets, it represents a growing trend in the merchant services industry toward 'instant liquidity.' Retailers should look at this as a benchmark for what their payment processors should be providing: speed at the point of sale and immediate access to their own money.

Source: Finextra

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