Banyan Hills Technologies and Ingenico Group US announce partnership to offer merchants seamless payment solutions for IoT projects
New partnership will allow Canopy to provide unattended retail and kiosk solutions using Ingenico’s payment technology.
ATLANTA, September 13, 2018 – Canopy (formerly Banyan Hills Technologies), an IoT company and provider of innovative software solutions, today announced that it has joined the Unattended Partner Program from Ingenico Group, a global leader in seamless payment solutions. The relationship allows merchants deploying unattended retail technology to use Canopy’s enterprise-level IoT (Internet of Things) platform along with the very latest payment solutions from Ingenico Group.
It’s a combination that lets businesses modernize their payment options through a cloud-based solution that provides automation, data analysis and cost reductions capabilities.
Unattended retail is rapidly becoming a way of life for much of the United States, according to a 2018 report on the PYMNTS.com website. The U.S. market grew from $533 million in 2013 to $717 million in 2016. It is expected to reach $1.07 billion in 2020.
Merchants looking to provide customers with a more convenient way to pay and shop can enable automation through Canopy. Canopy was named to the Connected World 2018 IoT Innovations list. It provides a centralized view and visibility into payments and transactions to help merchants maximize profitability and reduce costs.
“We’re thrilled to join the Unattended Partner program from Ingenico, a world-class leader in payment solutions,” said Steve Latham, CEO and founder of Canopy.
“Modernizing payments through IoT implementations extends how and when customers pay for goods and services. Our collaboration with Ingenico will allow Canopy to deliver merchants an end-to-end value for their payment and IoT strategy.”
Ingenico runs the world’s largest payment acceptance network, delivering secure payment solutions with local, national and international scope. The company has been recognized as a trusted world-class partner for financial institutions and retailers, including some of the world’s best-known global brands.
“The retail landscape is continuing to shift as more merchants focus on delivering a better customer experience – one that allows consumers to shop or make purchases how they want, where they want – and we see self-service playing a big role in this evolution,” said Bruce Rasmussen, director of sales, strategic verticals for Ingenico Group. “The data that Canopy provides merchants who deploy unattended retail solutions is critical to maximizing their profitability, which is why we’re excited to have them join our Unattended Partner Program.”
About Canopy, formerly Banyan Hills Technologies: Canopy is an Internet of Things (IoT) company and a trusted partner for innovative software solutions. Canopy’s IoT platform is the most advanced solution for monitoring and managing any network of connected endpoints including but not limited to self-serve kiosks, intelligent vending, digital signs and smart lockers. Canopy’s team of highly skilled engineers, talented UX/UI designers and industry experts help customers launch, scale and secure successful IoT implementations. Canopy’s deep industry knowledge and strong capabilities in machine learning, transaction management, communication protocols, payments, and predictive analytics help companies realize the full potential of their technology strategies. In 2018, the company ranked 1,203 on the Inc. 5000 list of the fastest growing private companies in the United States.