Small Business News
Elavon Launches Latest Talech Terminal for Small Businesses
U.S. Bank subsidiary Elavon has unveiled the newest addition to its Talech ecosystem for small businesses.
About the new terminal:
Meant to serve as an extension of its Talech Register which it launched in 2022, the new Talech Terminal (stylized as “talech Terminal”) is an Android-based point-of-sale system that will further enable small business owners to accept payments anywhere. As the company notes, the device features a built-in card reader and a printer. In terms of payments types, it supports EMV (chip), swipe, contactless cards, mobile wallets, and QR codes. The Talech Terminal can connect via WiFi or 4G and the Elavon says the battery has been optimized for longevity.
Another capability mentioned by Elavon is the ability to assess credit card surcharges. Plus, the Talech Terminal has inventory management capabilities as well as employee management support. While Elavon’s site states that the Talech Terminal can provide small businesses with “Full point-of-sale functionality… at a fraction of the cost,” pricing for the device is not readily available.
Other recent options:
The launch of the Talech Terminal comes as these types of devices have become increasingly common. For example, last year, PayPal brought its Zettle Terminal to the United States. Elsewhere, Square began rolling out its Terminal in 2018.
What they’re saying:
In a press release announcing the Talech Terminal, Elavon’s chief product officer Pari Sawant said, “Our goal is to enable small business owners to focus on what they do best, eliminating the burden of managing customer payments. This solution is a perfect option for business owners who value their privacy and prefer not to mix their personal mobile phones for customer transactions.”
Additionally, Talech’s chief product officer Joy Ghanekar said of the offering, “Talech Terminal is a continuation of our multi-year strategy to deliver integrated hardware and software payment experiences for our small business customers following the successful launches of Talech mobile in 2020 and Talech Register in 2022. Terminal goes beyond basic payment acceptance and allows businesses to run their business in a simple, elegant form factor.”
My thoughts:
When it comes to these new POS devices, the truth is that the ecosystem is often far more important to small businesses than the device itself. Therefore, the launch of the Talech Terminal may be great news for those who already use Elavon’s services but it may not singlehandedly cause entrepreneurs to defect from their current setup. Despite this, it’s always awesome to see payment technology continuing to advance and giving small business owners more opportunities to make a sale.
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