Paydiant and Menusoft Systems Launch Integrated Mobile Wallet and Pay-at-the-Table Offering for Restaurants

WELLESLEY, MA, Feb 25, 2013 (MARKETWIRE via COMTEX) -- Paydiant, a provider of a cloud-based mobile wallet and offer redemption platform, today announced that Menusoft has integrated the Paydiant mobile wallet solution into its Digital Dining restaurant management and point-of-sale (POS) software system. Menusoft's 50,000 Digital Dining customers -- from independents to large chains, from quick service to table service -- can now enable pay-at-the-counter, pay-at-the-tablet/handheld and pay-at-the-table mobile wallet capabilities, along with targeted mobile offers and offer redemption, branded and configured to meet the needs of each restaurant customer.

Using the integrated solution, Digital Dining customers can offer a number of compelling mobile wallet capabilities including payments of any tender type, offer creation and redemption, and digital receipts.

Once end-customers use their smartphones to download a restaurant's branded mobile wallet app and their payment cards are linked to the wallet, restaurant customers will simply scan a QR code presented to them on a payment terminal or on a receipt at the table. From there, customers use their mobile device to choose which offers to redeem and which card type to use to complete the transaction. Paydiant's cloud-based mobile payment process ensures security by eliminating the storage of any personal or account information on the phone itself or passing any of that information through the POS system.

"Our customers' businesses are increasingly mobile, so meaningful mobile innovation is one of our most important areas of focus and investment," said Andre Nataf, senior business development manager, Menusoft. "Pay-at-the-table, for example, reduces the number of trips required to the table to settle a check. That differentiating experience improves operational efficiencies through quicker "table-turn," and consequently increases customer convenience and loyalty. That's just one of the ways we're leveraging our integration with Paydiant's solution to improve the way our Digital Dining customers do business." "Mobile wallet capabilities add tremendous value in speed, convenience and security for restaurateurs and retailers, as well as for their guests," said Chris Gardner, co-founder of Paydiant. "With Paydiant's solution, that value is delivered without creating new complexities in the payment process. Because Paydiant's mobile wallet and offer redemption platform is a software-only, cloud-based solution, restaurateurs and retailers can accept Paydiant mobile payments and offers using their existing POS infrastructure, and consumers can install and use the mobile wallets on their existing iPhone(R) and Android(TM) smartphones." About Paydiant Paydiant is the provider of a cloud-based, white label mobile payment and offer redemption platform that enables merchants, banks, and payment processors to deploy and manage their own mobile payment, offer management and offer redemption solution, under their own brand and on their own terms. Based on an enterprise-class, cloud-based transaction processing platform, the Paydiant solution enables the key stakeholders in the payments value chain -- retailers, banks and payment processors -- to control the next generation of payment solutions. Visit www.paydiant.com for more information about the Paydiant solution.

About Menusoft Systems Corporation and Digital Dining Digital Dining is now in its 26th year of production and development. An original innovator in the PC-based POS hospitality market, they continue to lead the industry with extremely innovative functionality and features. Digital Dining has over 35,000 installed users in North America. Menusoft Systems Corporation (developers of Digital Dining) is a privately held Virginia corporation and operates its business in office facilities in the city of Springfield right outside of Washington, D.C. Since 1984, Menusoft has increased sales and profitability in almost every year of operation. Digital Dining is exclusively distributed through its channel of POS resellers throughout North America.

For more information please visit www.menusoft.com or contact Andre Nataf at anataf@menusoft.com.

Contact: Tim Walsh for Paydiant 617-512-1641 Email Contact SOURCE: Paydiant http://www2.marketwire.com/mw/emailprcntct id=00FCB2E1F06B5889

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