ForumPay, the global cryptocurrency payments technology provider has today announced a partnership with Human Touch, that enables crypto acceptance across the hospitality industry payments solution provider’s comprehensive product range.
Human Touch's integration of ForumPay’s industry leading cryptocurrency payment processing technology is now available for its clients, including the users of Oracle Opera PMS and Simphony POS, which is used by many popular hotels and food and beverage venues across the globe.
As a result of the partnership, hotels, resorts, cruise ships, restaurants and many other hospitality and leisure operators can now easily accept crypto payments, from any of the 350 million plus crypto wallet holders, through their existing systems without requiring additional integrations or new payment devices.
ForumPay’s next generation crypto payment processing technology shields the merchant from any risk of volatility with instant confirmations delivering fast payments at the Point of Sale (POS). The entire process is automated from end to end with the crypto instantly converted to the merchants preferred traditional fiat currency and settled to their preferred bank account on the next business day.
Josh Tate, CEO, and co-founder of ForumPay said, “We are honored to have been selected by Human Touch System to introduce crypto payments into their innovative payment solutions. This partnership marks significant expansion of the utility of cryptocurrency and digital assets in the hospitality industry.”
Morris Soued, CEO and co-founder of Human Touch said: "After months of research among crypto payment processors, we finally found the best partner. The seamless integration with ForumPay allows properties to attract new customer segments and increase their revenues, and thanks to their instant confirmation technology, the transactions made by the staff during their daily operations (pay at table, check-out...) will see no difference with the traditional payment methods (cash, credit card...), guaranteeing the same efficiency."
ForumPay is a complete cryptocurrency-to-fiat payment technology firm; its core crypto payment gateway processing technology helps businesses attract new customers, optimize customers’ ability to spend, and increase revenue. ForumPay’s wallet-agnostic solution enables crypto consumers to spend their preferred cryptocurrency, from any wallet for everyday goods and services to luxury goods, automobiles, real estate, and private jets. ForumPay eliminates merchant exposure or risk by processing transactions with instant crypto-to-cash conversion. ForumPay merchants receive payments in the currency of their choice directly into their bank account. The transactional experience is similar to accepting other popular payment methods, including cash, credit cards, and bank transfers, but simpler, faster, and more secure.
In today’s competitive environment, ForumPay is an excellent tool for businesses to gain a serious competitive advantage with the fastest-growing consumer segment in the world. Studies show that 40% of crypto-spending consumers are new customers and spend twice as much as a typical credit card consumer.
Human Touch is a fintech startup company focused on the Hospitality Industry.
Its mission is to help tourism facilities to save time, reduce costs, and transform daily operational problems in opportunities to increase revenues and enhance guest experience, through innovative services integrated to a property management system (PMS) and Food and Beverage Points of Sale (F&B) of a property (hotel, resort, restaurant, cruise ships, etc...).
The proprietary software and solution, called EasyCharge, offers an "all in one" multichannel system that includes the below daily operations:
- Pre-Check-In / Self-Check-In
- Pre-Check-Out / Self-Check-Out
- F&B Management (open and close guests' orders from any endpoint)
- In-House payments (e.g., room charge) and external payments (e.g., credit card, crypto currency)
It manages all the extra charges (such as bar, restaurant, room service, wellness, sports, activities, etc.) in the most efficient and innovative way. allowing a guest of a property to use a strong authentication token such as biometrics, QR code, a 4-digits pin or even the NFC room card, to automatically validate, post, and process a transaction on a guest room account during her/his stay.
The solution is currently integrated and certified with Opera PMS and Simphony F&B (both owned by Oracle).