Steven Hoffmann Chairman/Founder of Newt Corporation

To improve your company's business results, using a Point of Sale (POS) control is essential. In general, the presence of the POS helps to make organizational gains, such as managing inventory, opening and closing cash and controlling exchanges and returns in a more simplified and autonomous way. What is a POS? The Point of Sale (POS) describes the retail area where products are exposed and the client makes the purchase. Technology has changed the way professionals interact at work, including with partners and customers. Therefore, using an ERP system that automates processes and still has POS control is functional and indispensable for those who want to have greater authority over their own business. Steven Hoffmann  is Chairman and CEO of Newt Corporation – the company that provides Digital Wallet, POS and Prepaid Products on a white label platform. What is the importance of using a POS? The cash front appears as an ally to any type of business, for large, medium and s...

The development of  smartphones has led to a real revolution in payment methods. Smartphones have been a turning point in this change in dynamics and have served as a lever for innovation and to pay more attention to the user experience; As a result of these new dynamics, methods such as mobile payment, electronic wallets, or virtual cards have been born. The development of smartphones and the entry of third parties into the sector is now forcing entities to rethink their role, to promote innovation and to take advantage of their most important asset: the relationship of trust with their customers , now more demanding than ever, and for those who no longer only matter what, but how. Steve Hoffmann’s payment solutions company Newt, has products tailored specifically for smartphones. “The future of payments will be in the impulse of a new complete shopping experience, and not only in the act of paying” said Steve Hoffmann , Chairman and CEO of Newt Corporation. About Newt: ...

Under the terms of the contract, management teams of PagoFácil and Newt will collaborate in providing Newt’s SaaS software combined with Bank Processing Services in Latin America, as part of Newt’s Digital SaaS Offering. Thanks to this agreement, Newt will enable its customers in Latin America and Mexico with seamless online processing capabilities of Visa and Mastercard, embedded in the software. In addition, new methods of acceptance of debit cards, additional locations for cash payments, and SPEI Transfer capabilities have been added. The parties shall also jointly market the expanded service offering to Newt’s and PagoFácil’s client base, in order to increase the overall number of transactions processed. This agreement will further position Newt for the increase in digital payment services requested by the B2B market. PagoFácil is a Mexican company with extensive experience in Credit Card Payment Processing in Mexico. The Company is backed by a group of investors with several partn...

Far from being better used, traditional payment methods are increasingly in disuse, and this new technology promises to revolutionize the financial market. The road is still long, but the most important is being done: without a first step, nobody moves! Since the Covid-19 pandemic arrived in country, quarantine and social isolation are measures enacted by the World Health Organization (WHO) to prevent the spread of the disease and reduce the curve of infected people in the country. We may not have had enough time yet to understand that our lives have changed profoundly in the past few months and that the new consumption habits that we are learning to deal with will probably remain forever in the post-coronavirus world.   During the quarantine, dozens of digital shows were broadcast live on YouTube in order to bring entertainment to the homes and collect donations in kind, tons of food and items for hospitals and charities in fighting the pandemic. Lives, as they are popu...

One of the most talked about initiatives in recent weeks, instant payment, promises to facilitate financial transactions between people, companies, government and self-employed / self-employed professionals. The big question is: how? We can understand “instant payment” as a project conducted by the Central Bank, scheduled to go into operation in 2020, which aims to ensure the interoperability of means of payment through instant transfers, available 24 hours a day, seven days a week. Thus, the expectation is that the money will flow more quickly to the recipient / seller and with a low transfer cost (the expectation is around a few cents), making it possible to pay, for example, a cup of coffee without the cost associated with the fees. Steve Hoffman , proud founder of next generation payment transfer solution Newt that focuses on using new methods for money transfers. Far from being better used, traditional payment methods are increasingly in disuse, and this new techno...

Without money, payments happen electronically. Instead of using paper and coins to exchange values, you authorize the transfer of funds to another person or company. Logistics is still under development, but we have some tips on how a cashless society can evolve. Credit cards and debit cards are among the most popular cash alternatives in use today. But cards alone are not enough. Mobile devices are likely to become a primary payment tool. Electronic payment applications, such as Zelle, PayPal and Venmo, are useful for P2P payments. Mobile payment services and mobile wallets, such as Apple Pay, provide secure, cashless payments. In developing and developed countries that use money sparingly, mobile devices are the most common tools for payments. Cryptocurrencies are also part of the discussion: they are already used for money transfers and introduce competition and innovation that can help keep costs low. But they currently have regulatory risks and obstacles that make them impractical...

In addition to paying bills, the user can easily transfer amounts of money to other people. However, the greatest facility is to carry out payment transactions without the need for inter-mediation by a financial institution. A cashless society may seem like something out of science fiction, but we are already on our way. Several powerful forces are behind the move to a cashless world, including governments and large financial services companies. Even critics of the dominant financial system and the coins issued by the government contribute to the elimination of money. But we are not there yet. In addition to logistical challenges, we need to address several social issues before giving up money entirely. The benefits and drawbacks below can give you an idea of ​​ the myriad effects that cashless can have on money and banking, as you know it. Benefits of cashless society Less crime  : With money, it is easy to steal money, whether the amount is large ...