Elavon Launches Latest Talech Terminal for Small Businesses
Taltech POS device

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.

Author

Kyle Burbank

Head Writer ~ Fioney
Kyle is the head writer for Fioney. He is a personal finance nerd, constantly looking for new apps and services to test and incorporate into his own financial game plan. In addition to his role at Fioney, he's written for other publications including Born2Invest, Lifehack, and Laughing Place, as well as his own site Money@30. He also creates personal finance and travel-related videos for Fioney's YouTube channel, which has garnered more than 2 million views. Currently, Kyle resides in Springfield, Missouri with his wife of 10 years. Together, they enjoy traveling (including visiting Disney Parks around the world), dining, and playing with their dog Rigby.

Other Articles by Kyle Burbank

American Express to Acquire Tock from Squarespace

American Express is expanding its dining platform with not one but two acquisitions. About the acquisitions: Today, Amex announced that it will be acquiring the restaurant reservation service Tock from Squarespace (who purchased the company in 2021). The purchase is expected to be for $400 million in cash but is subject to closing conditions, customary adjustments, and regulatory approval. Amex also notes that, as part of the deal with Squarespace,...
Gynger financing options

Technology Financing Company Gynger Raises $20 Million

A FinTech that helps tech-buying businesses finance their purchases has closed a new round of funding. About the round: This week, Gynger announced that it had raised $20 million. The Series A was led by PayPal Ventures, while Gradient Ventures, Velvet Sea Ventures, BAG Ventures, and Deciens Capital also participated. In addition to the equity round, the company secured a debt facility of $100 million from Community Investment Management. Previously,...
carry on travel bag and a Starbucks coffee

Starbucks and Marriott Bonvoy Announce Rewards Partnership

Two popular loyalty programs are joining forces to reward travelers (and keep them caffeinated). About the partnership: Starting this week, Starbucks Rewards and Marriott Bonvoy members will be able to link their accounts and earn bonus rewards. First, those with linked accounts will earn Double Stars during stays at participating Marriott Bonvoy properties. If a regular Starbucks Double Stars Day falls during one of these stays, members can earn Triple...
The "Email" field is empty, you must enter some text to proceed.The text you entered in the "Email" field appears to be invalid, please edit it and try again
Get the Latest News Delivered to Your Inbox

A Guide to Building Credit and Increasing Your Credit Scores

When it comes to credit, there’s some good news. The average credit score in the United States has been steadily rising in recent years, coming in at 715 in 2023. That may be because, today, consumers not only have more ways to access their credit reports and scores than ever before but also because there are an increasing number of options that Americans have for building credit in the first...

2024 SoFi Checking and Savings Review

Ever since I started taking an interest in the FinTech sector, one company whose name I’ve seen pop up over and over again is SoFi. Lately it seems as though that theme has been sent into overdrive as the company has not only become a household name thanks to its stadium naming rights deal but also because of the company’s continued product expansions. The most interesting development in my mind...
Brim logo

Brim Financial Raises $85 Million as It Eyes Global Expansion

Toronto-based FinTech infrastructure startup Brim Financial has announced a new funding round. About the round: Brim has revealed an $85 million round. The Series C was led by EDC Investments while new investor Vistara Growth and returning investors White Owl Group, Epic Ventures, and Zions Bank also participated. To date, the company has now raised $110 million including a Series B in 2021. According to Brim, the latest funding will...
Chase Freedom Flex card

Chase Reveals Q2 2024 Freedom 5%(+) Bonus Categories

Chase has announced its bonus category picks for the second quarter of 2024 — including some interesting twists. About the categories: As April approaches, Chase has revealed what categories Freedom and Freedom Flex cardholders can earn bonuses on. From April 1st through June 30th, customers can earn 5% (or more) in three categories: Amazon.com, Hotels, and Restaurants. Similar to how Chase embraced a "New Year, New Me" theme last quarter,...
Rent Day

Bilt Announces Home Collection Deal for May 2024 Rent Day

For May's Rent Day, Bilt is offering a deal that will allow members to decrease their rent bill while also adding to their home decor. About the Home Collection offer: Bilt has crafted a unique Rent Day offer for May 2024. Through the 1st, when Bilt members redeem their points toward rent payments, they'll receive the same number of points to be used toward Bilt Home Collection items. To take...