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New Terminal Could Bring Mobile Pay Platforms to More Restaurant Tables

3/26/2017

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A new payments terminal, E la Carte's PrestoPrime EMV, could potentially bring Apple Pay and other mobile payment systems to more restaurants, and let people pay for food and drinks without either a card or interacting with a waiter.

The terminal sports dual processors with one dedicated to payments, E la Carte said, and can even temporarily save some data locally in case of a power failure, forwarding it later once an internet connection is back. In addition to Apple Pay, it also supports Android Pay and Samsung Pay, plus less direct mobile payment methods by way of a camera and QR code reader.

For card-based transactions, the device supports both chips and magnetic stripes, with a PIN pad and signatures. Before or during a meal it can provide entertainment like games and video.

The PrestoPrime EMV's predecessor is said to be in use at over 1,800 U.S. restaurants, including chains like Applebee's. While restaurants are unlikely to upgrade en masse, a gradual changeover during the next few years could see mobile payment systems become more prominent.

Traditionally, mobile payment systems were limited to fixed point-of-sale terminals or handheld readers like those from Square. At restaurants, waiters may sometimes have to bring a reader to a table for people to pay.
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Platforms like Apple Pay and PayPal so far appear to be winning out over QR-based options. Recently MCX sold off assets from CurrentC, a failed QR-based challenger, to JPMorgan Chase. The latter company is working on a system called Chase Pay.

1 Comment
MckinneyVia link
3/31/2022 12:16:58 am

I very much appreciate it. Thank you for this excellent article. Keep posting!

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    Rick Richardson, CPA, CITP, CGMA

    Rick is the editor of the weekly newsletter, Technology This Week. You can subscribe to it by visiting the website.

    Rick is also the Managing Partner of Richardson Media & Technologies, LLC. Prior to forming his current company, he had a 28-year career in technology with Ernst & Young, the last twelve years of which he served as National Director of Technology.

    Mr. Richardson has been named to the "Technology 100"- the annual honors list of the 100 key achievers in technology in America. He has also been honored by the American Institute of CPAs with two Lifetime Achievement awards and a Special Career Recognition Award for his contributions to the profession in the field of technology.

    In 2012, Rick was inducted into the Accounting Hall of Fame by CPA Practice Advisor Magazine. He has also been named to the 100 most influential individuals in the accounting profession in America by Accounting Today magazine.

    In 2017, Rick was inducted as a Marquis Who’s Who Lifetime Achiever, a registry of professionals who have excelled in their fields for many years and achieved greatness in their industry.

    He is a sought after speaker around the world, providing his annual forecast of future technology trends to thousands of business executives, professionals, community leaders, educators and students.

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