Hypercom said that the technology integrates with electronic point-of-sale systems and saves retailers the cost and burden of storing hard copy receipts by providing secure online file backup. The system provides a separate central site for consumers to retain and organize receipts, which automatically updates and stores new incoming receipts.
Lloyd Baylard, VP of multilane products at Hypercom, said: “With TransactionTree’s application on the L4150, we are enabling major retailers to switch to electronic receipts, reduce the use and cost of paper and save our natural resources. This is innovative, go green technology that’s a win-win innovation for retailers and consumers that serves the common good.”
Jason Shapiro, CEO of TransactionTree, said: “Retailers spend millions of dollars annually on ink and paper receipts, almost all of which inevitably wind up tossed in the trash and destroying countless trees in the process. Hypercom’s L4150 with our solution gives consumers the option of paper or paperless, reduces the cost to retailers and protects our natural resources.”
Hypercom Corporation offers a suite of high security, end-to-end electronic payment products and services.
TransactionTree is an event driven digital receipt and marketing delivery system.
