Partnership Extends TCS’ OmniStore™ POS Unified Commerce Platform Payment Capabilities
NEW YORK|MUMBAI, January 16, 2017: Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a leading IT services, consulting and business solutions organization, today announced with Aurus, Inc., a global leader in innovative payments technology, to deliver payment solutions for retailers using TCS OmniStore™, a first of its kind Unified Store Commerce Platform. The omnichannel payment solution facilitates transactions across channels and delivers unmatched convenience and security to both end consumers and retailers.
TCS OmniStore™ is a micro-services based modern unified store commerce platform that replaces legacy POS platforms and helps retailers seamlessly orchestrate omnichannel journeys for consumers, while reducing total cost of ownership and simplifying cross-channel processes. AurusPay® drives unmatched payments innovation including the ability to handle seamless omnichannel payments workflows such as combining online orders for pick up in store with in-store transactions and cross-channel fullfillment through a single cross channel token.
Through this partnership with Aurus, retailers using TCS OmniStore™ will be able to easily process multiple payments across channels. Managing payments innovation, security and regulatory bottlenecks was typically a huge inhibitor for change, however, the AurusPay® partnership enables payments simplification while enhancing security.
“We are thrilled to partner with TCS OmniStore™ as it alignes with our vision to drive innovation for forward thinking retailers,” said Mustafa Shehabi, Chief Business Development Officer at Aurus. “AurusPay® and OmniStore™ together solve the age old problem of innovation at POS without getting tangled into the complexity of payments. Aurus brings over 15 years of payments experience within retail to deliver a single platform solution for secure omnichannel payments.”
“As a strategic vendor to many of the world’s leading retail brands, TCS has a unique vantage point with a ringside view to the challenges faced by retailers in enabling an omnichannel experience,” said Pratik Pal, President of Retail and CPG at TCS. “Acting on our intimate understanding of challenges in the stores, TCS built OmniStore™ to transform store experiences and enable unified store commerce. Our partnership with Aurus will help ensure retailers have a consistent approach to omnichannel payments.”
OmniStore™ alleviates retailers’ current challenges with traditional Point of Sale (POS) platforms that are incapable of delivering an omnichannel customer experience. OmniStore™ is easily customizable and features an open standards aligned architecture and industry leading ARTS data models. Retailers using OmniStore™ are enabled to seamlessly orchestrate omni-channel journeys for their customers in store by unifying the cart, wish-lists and catalogs across channels and combining store and online orders. OmniStore™ is hardware agnostic and offers multiple deployment models (including cloud) without disrupting upgrades and support for all devices, including tablets, phones and registers.
TCS will be showcasing the OmniStore™ – AurusPay® solution at booth #2635 during the NRF Big Show (January 15-17, at the Jacob K. Javits Convention Center in New York City).