I Love Velvet, Inc. - is an international provider of hardware and software for mobile POS-terminals (mPOS). I Love Velvet manufactures and distributes mobile payment terminal systems for trading in the areas of entertainment, leisure, retail and engineering.
| I Love Velvet, Inc. | |
|---|---|
| Type of | Public company |
| Base | 2009 |
| Founders | Patrick Boisez |
| Location |  USA : New York City , NY |
| Key figures | Patrick Boisez ( CEO ) |
| Products | Mobile POS Terminals (mPOS) |
| Divisions | North Korea , Bulgaria , China |
| Site | ilovevelvet.com |
Content
History
The company was founded in 2009 by former leaders of SAP AG , Oracle Corporation and retail chains. A payment terminal system has been developed for retail outlets around the world. It allows different payment methods, all payments pass through one device called “The Brain” [1] .
In 2011, The Walt Disney Company ordered I Love Velvet devices to equip its amusement park located near the city of Orlando (Florida), which were subsequently integrated with the Disney MyMagic + program. [2]
In 2013, I Love Velvet acquired the French company Vekspay (WEXpay), specializing in the production of electronic wallet.
Product
I Love Velvet mobile payment terminals are based on the cloud system for iPhone , iPad , Android and Windows tablets, mobile POS-terminals (mPOS) or electronic payment systems. I Love Velvet's mobile POS terminal serves major customers such as The Walt Disney Company and the German automobile inspection company Deckra (DEKRA eV). The system of mobile payment terminals allows merchants to conduct transactions, print or send checks to customers' email, use a wireless cash register, accept credit or debit cards, PIN smart cards (EMV, for international credit cards) and RFID / NRC - transactions, as well as remotely print from any terminal-compatible device using the Velvet Store app. The back-end database and Velvet Cloud web base allow you to carry out inventory, accounting and analytics of employees, creating reports. A convenient screen interface allows sellers to remotely and real-time view sales and other information.
International Position
The head office of I Love Velvet is located in New York, USA. Hardware and software manufacturing as well as security support are located in North Korea, China and Bulgaria.