HP has announced a new all-in-one POS system partnership, expanding its SMB offerings, with PayPal to utilise its payment processing services.
The company has not targeted the SMB market in the past but is now looking to leverage its success in retail and hospitality to deliver solutions that address the needs of SMB retailers and hospitality operators.
HP is releasing a new Android-based POS system called the Engage One Prime which has been optimised for SMBs in retail and hospitality. The device comes equipped with an integrated magnetic strip reader, NFC and a camera-based barcode scanner.
Customers will be able to choose the speed of their CPU, memory and storage with a number of peripherals available to add to their systems.
When it comes to EMV processing, HP is relying on companies such as PayPal to provide the necessary hardware.
By partnering with PayPal, the two companies will offer joint customers a suite of hardware, POS software and payment processing along with out-of-the-box setup and maintenance.
HP will also work with additional payment provider partners and selected independent software vendors to include POS software with the HP Engage One Prime.
“We saw an opportunity with this product to create a partnership with a key player in this space in payments, and that’s with PayPal,” explains Aaron Weiss, VP and GM of Retail Solutions, HP.
“It’s an opportunity for us to leverage their leadership with payment services, and their experience and reach with the SMB market. They are also a trusted and recognised brand and they have fantastic customer support as well.”