ATLANTA — January 28, 2014 — New West Technologies, Inc. has released the first Bitcoin integration for Microsoft Dynamics Retail Management Systems (RMS). In partnership with BitPay, the world leader in business solutions for virtual currencies, New West will deliver a streamlined approach to allow businesses to process Bitcoin payments.
Bitcoin provides a progressive extension to RMS, allowing Microsoft RMS to receive and process Bitcoin payments for goods and services. Bitcoin eliminates opportunity for fraud and identity theft by using cryptography to control the creation and transfer of money. For business, the Bitcoin network does not allow payment cancellations, making chargebacks impossible. New West’s introduction of RMS Bitcoin extends the powerful POS software package and increases automation of POS processes.
“New West makes accepting Bitcoin payments easier than ever and through our implementation of RMS Bitcoin, merchants will see tremendous value in accepting this additional payment method,” states Dale Fowleri, New West Technologies Marketing Director. “Our integration is 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 completing the transaction does not change. The merchant tenders the Bitcoin, the consumer scans the QR code and approves the payment. Upon approval, the exchange rate is established through BitPay, the transaction is made, and receipt is printed. All action is accomplished through RMS and the internet, making the process effortless for consumers and retailers.
Microsoft Dynamics Retail Management System (RMS) offers small and midsize retailers a complete point of sale (POS) solution that is fast and easy, adaptable to meet unique system requirements. With RMS Bitcoin, retailers can expand their customers’ payment options and establish a foothold using the most secure payment network.
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 is a Payment Service Provider (PSP) specializing in eCommerce and B2B solutions for virtual currencies. Visit https://bitpay.com.