Press Release - For Immediate Release
Exatouch Point of Sale Adds Support for State of Ohio Liquor Modernization Project and Philadelphia Beverage Tax
Calverton, New York – March 21, 2017 – Electronic Payments today announced the completion of Exatouch® Point of Sale’s certification into the State of Ohio Liquor Modernization Project and new support for the Philadelphia Beverage Tax. With these features, Exatouch clients remain compliant with both the Ohio LMP program as well as Philadelphia beverage tax requirements. Furthermore, Exatouch fulfills the specialty tax requirements of Cuyahoga County, Ohio, in the taxation of beer, wine, liquor, cider and cigarettes for retail and restaurant locations.
As the Ohio Department of Commerce Division of Liquor Control explains on its website, “The Liquor Modernization Project (LMP) will bring up to date the long-outdated processes used in Ohio's liquor business. Current business processes are more than 40 years old, and need to be modernized to meet today's business challenges and to prepare for future growth.”1
Per the Philadelphia Beverage Tax website, “Starting January 1, 2017, the City of Philadelphia will impose a 1.5 cents per ounce tax on the supply of sweetened beverages to retail dealers (example: regular and diet sodas, teas). The tax is also levied on syrups and concentrates used to make sweetened drinks.”2 This tax is now supported in Exatouch POS to simplify the collection and reporting requirements of the City of Philadelphia.
To the benefit of the liquor store, grocery, and convenience markets, Exatouch brings lightning fast SKU lookups, a myriad of reporting features, Cloud backup and software updates, and support for gift/loyalty cards. Additionally, with the new tax features and integrations, Exatouch maintains tax and reporting compliance with one seamless software solution. Exatouch supports all major credit, debit and EBT cards in addition to EMV and NFC capabilities, removing the liability shift from merchants formerly using dated non-EMV technology.
“As we continue to develop Exatouch, we look to explore additional opportunities within other major markets such as the State of Ohio LMP and the City of Philadelphia where our client base are in need of these updated and compliant solutions,” commented Michael Nardy, Founder and CEO of Electronic Payments. “The need for enterprise level POS systems with a well-developed feature set, and those strong enough to scale for larger organizations, is what Exatouch is made for. We intend to continue bringing our services to chains, multi-location, and government organizations across the country as the modernization of the payments infrastructure continues.”
Exatouch recently completed its re-validation with the PA-DSS 3.2 Standard and maintains its compliance for new and existing deployments. For additional information on Exatouch Point of Sale, visit www.exatouch.com.
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1 Liquor Modernization Project,” Ohio Department of Commerce, Division of Liquor Control, accessed March 13, 2017, https://liqagency.com.ohio.gov/LMP2/.
2 Philadelphia Beverage Tax,” City of Philadelphia, Division of Business Taxes, accessed March 13, 2017, https://beta.phila.gov/services/payments-assistance-taxes/business-taxes/philadelphia-beverage-tax/.
About Electronic Payments
With "Innovation through every transaction™", Electronic Payments has distinguished itself as one of the fastest growing and highly regarded privately held payment and transaction processing companies in the United States. Electronic Payments currently serves businesses in all industry types and acquires new businesses through a network of agent banks, sales agents and independent sales offices (ISOs). Visit www.electronicpayments.com for additional information or visit www.bankcardprogram.com to learn more about our ISO and MLS programs.