New West Technologies Releases Bitcoin Integration for POS with BitPay
Atlanta, GA – Business Wire – January 28, 2014 – BitPay, the world leader in business solutions for virtual currencies, announced that New West Technologies, Inc. has released a Bitcoin integration for Microsoft Dynamics Retail Management Systems (RMS).
Bitcoin for RMS is a progressive extension that allows Microsoft RMS to receive and process Bitcoin payments for goods and services. Using cryptography to control the creation and transfer of money, Bitcoin eliminates opportunity for fraud and identity theft. Because the Bitcoin system doesn’t allow payment cancellations, chargebacks are impossible. The RMS Bitcoin extension extends the powerful POS software package RMS and automates POS processes.
“Merchants are seeing tremendous value in accepting bitcoin payments and New West makes it easier than ever,” states Tony Gallippi, BitPay Co-founder and CEO. “We are building the most powerful, reliable, and scalable tools for businesses to accept bitcoin.”
Users send payments by broadcasting digitally signed messages to the network; however the process of ringing up a sale does not change. The seller tenders the Bitcoin, the consumer scans the QR code and approves the payment. Upon approval, the exchange rate is locked in through BitPay and the transaction is made. All action is accomplished through RMS and the internet.
Microsoft Dynamics Retail Management System (RMS) offers small and midsize retailers a complete point of sale (POS) solution that can be adapted to meet unique requirements. With RMS Bitcoin, retailers can expand their customer’s options now and get ahead of the crowd on the newest payment technology!
About BitPay
BitPay is a Payment Service Provider (PSP) specializing in eCommerce and B2B solutions for virtual currencies. For more information, please visit bitpay.com.
