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I Love Velvet is a global provider of hardware and software for mobile point of sale (mPOS) transactions and value-added retail services. I Love Velvet manufactures and sells merchant-operated, consumer-facing and self-service mPOS systems to the entertainment, retail, hospitality, and automotive industries.

History

Founded in 2009 by former SAP AG, Oracle Corporation and retailing executives. The system was developed for enterprise retailers looking to process multiple forms of payments in multiple countries all housed in one single device called "The Brain".

In 2013, I Love Velvet purchased Wexpay, a French online wallet company.

Product

I Love Velvet mobile POS is a cloud-based iPhone, iPad, Android, and Windows tablets, mobile point of sale (mPOS) or checkout system. I Love Velvet mPOS has several large business customers such as German vehicle inspection company, Dekra. The system allows merchants to ring up sales, print or email receipts, open a wireless cash drawer, accept credit and debit card, EMV (for international Credit Cards) smart card, and NFC/RFID transactions, as well as print remotely from compatible hardware devices using the Velvet Store application. The back-end, web-based Velvet Cloud allows inventory, employee, and customer management, with analytics and reporting. The dashboard interface allows merchants to view real-time store sales and other data remotely.

International

I Love Velvet is headquartered in New York, New York with global design, hardware/software development and security support facilities in South Korea, China and Bulgaria.

See also

• Point-of-sale malware
• Cyber security standards
• List of cyber attack threat trends
• Malware
• Point of sale

References

1. "I Love Velvet Enters Asia Market to Offer Retailers Industry's Most Secure MPOS Solution" (Press release). 23 May 2013.
2. "Patrick Bouaziz - Inventor Patent Directory, Page 1". patent.ipexl.com. Archived from the original on 2014-02-23.
3. "I Love Velvet acquires e-wallet provider WeXpay". www.telecompaper.com. Retrieved 2020-01-30.

External links

• Official ILV site
• glassdoor.com | Company Review
• Businesswire.com
• Bloomberg.com

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