Amid the global movement toward mobile transactions, the U.S. is starting to make strides. New York-based ShopKeep.com Inc. recently raised $2.2 million to finance its foray into the growing market for mobile payment software. The company developed a type of iPad cash register – a point-of-sale app that processes credit card payments and connects with a cash drawer.
ShopKeep currently has about 1,000 customers, and, according to marketing coordinator Hadley Deming, the company expects to be doing business with close to 100,000 merchants in the next year.
“It’s extremely convenient, it works well and it’s a great user interface,” said Stefan Hersh of Chicago’s Buzz Killer Espresso. The Wicker Park coffee shop switched to ShopKeep’s iPad cash register about five months ago and hasn’t looked back. “It takes a little while to understand, but once you figure it out it’s not bad,” Hersh said. “And people like to see it; customer support has been good.”