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New West Technologies Releases Bitcoin Integration for POS with BitPay

January 28, 2014

ATLANTA --(BUSINESS WIRE)-- BitPay , the world leader in business solutions for virtual currencies, announces that New West Technologies, Inc. has released a Bitcoin integration for Microsoft Dynamics Retail Management Systems (RMS). Bitcoin for RMS is a progressive extension that allows Microsoft RMS to receive and process Bitcoin payments for goods and services. Using cryptography to control the creation and transfer of money, Bitcoin eliminates opportunity for fraud and identity theft. Because the Bitcoin system doesn’t allow payment cancellations, chargebacks are impossible. The RMS Bitcoin extension extends the powerful POS software package RMS and automates POS processes. "Merchants are seeing tremendous value in accepting bitcoin payments and New West makes it easier than ever,” states Tony Gallippi , BitPay Co-founder and CEO. “We are building the most powerful, reliable, and scalable tools for businesses to accept bitcoin.” Users send payments by broadcasting digitally signed messages to the network; however the process of ringing up a sale does not change. The seller tenders the Bitcoin, the consumer scans the QR code and approves the payment. Upon approval, the exchange rate is locked in through BitPay and the transaction is made. All action is accomplished through RMS and the internet. Microsoft Dynamics Retail Management System (RMS) offers small and midsize retailers a complete point of sale (POS) solution that can be adapted to meet unique requirements. With RMS Bitcoin, retailers can expand their customer’s options now and get ahead of the crowd on the newest payment technology! About BitPay BitPay is a Payment Service Provider (PSP) specializing in eCommerce and B2B solutions for virtual currencies. Visit https://bitpay.com . About Microsoft Dynamics Microsoft Dynamics is a line of financial, customer relationship and supply chain management solutions that help businesses work more effectively. Delivered through a network of channel partners providing specialized services, these integrated and adaptable business management solutions work with familiar Microsoft software to streamline processes across an entire business. About New West Founded in 1992 in Portland, Oregon , New West Technologies is a leading integrator of retail POS and customized software solutions. As a full-service technology provider with extensive experience in small business computer networking and retail software development and installation, we deliver easy-to-use, practical solutions that dramatically improve your profitability and workflow management. www.newestech.com BitPay Jan Jahosky , 407-331-4699 jan@bitpay.com Source: BitPay


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