POS Velocity Ltd. — Toronto, Canada
The day has to add up.
We build the systems that take money at the counter, move it between banks, and pay it out at the end of the shift. That work doesn’t get a second attempt. A terminal that hesitates at the front of a queue, a payout run that lands a day late, a transfer nobody can account for — those aren’t inconveniences. They’re somebody’s revenue, somebody’s payroll, somebody’s Friday night.
How we got here
We started at the terminal, not at the slide deck.
POS VELOCITY began with payment hardware and grew into the software around it. That order matters more than it sounds. Hardware teaches a discipline software does not: it has to work in one shot, in someone's hand, in front of a paying customer, with no chance to explain.
The first problem we solved end to end was a fleet's payout run. Hundreds of fares a day across dozens of drivers, taken in cash, card, prepaid and voucher. At period end someone had to work out what each driver had earned, subtract their dues, settle the tips and the surcharges, and move the money into their accounts — and it had to balance to the cent before anybody went home.
Everything since has been held to that standard.
- 01
Payment hardware
Where it started, and still the only thing that touches the card.
- 02
The software around it
Written to the rule the hardware taught: work in one shot, in someone's hand.
- 03
A fleet's payout run
The first problem taken end to end — and the one that had to balance to the cent.
- 04
Everything since
Same standard, or it doesn't ship — which is why that ring is still open.
How we picture the work
Every line is a route money takes.
The counter to the bank. The bank to the person who earned it. A payment is never one hop — it is a path, and every hop on it is somewhere the money can stall, split, or quietly go missing. Most days nothing on this picture should surprise anyone. The whole job is making sure that stays true on the night it would hurt.
Who we work with
No two of our customers have the same day.
A cab and limo fleet splitting fares between drivers. A café at the counter and a store online sharing one catalogue. A field crew closing work orders in someone's driveway. A distributor invoicing on account. An operator with sites in three provinces and three sets of tax rules.
Five different businesses, five different definitions of a busy day, and the same question at the end of each one: did the money arrive, and can I prove it. What they have in common is not their industry. It is that money moving correctly is not a back-office detail for them. It is the business.
- Cab & limo fleetFirst shift outAirport runNight rateLast fare
- Café & online storeDoors openLunchPickup slotsCash-up
- Field crewFirst jobSignatureInvoice sent
- Distributor on accountOrders inStatement run
- Three-province operatorSite oneSite twoSite threeThree tax rules
Did the money arrive, and can I prove it?
Why businesses stay
Everyone says reliable. Here’s ours, in specifics.
Not a promise about what will never happen — a description of how the thing is built, which you can check.
- States
Approved and settled are two different words
Most systems let them blur into one. Here each is its own state with its own timestamp, so “has the money actually landed” has an answer rather than an opinion.
- Retries
The terminal refuses to move money without an idempotency key
Connections drop mid-sale. The design decision was to make a repeated command resolve to the original transaction instead of assuming the network behaves.
- Exit
Nothing here is a closed box
You can drive the products from your own software, and your records come out in a format your own tools read. Staying should be a decision you keep making, not one you can't reverse.
- Scale
The numbers, stated honestly
Across our merchant base we average 5,000+ transactions a day, more than $10M processed a month, and 700+ terminals in the field. Those are averages across the businesses we serve, and the volume is theirs — not our revenue.
How we operate
The discipline under every product.
Six things we decided early and have not traded away since. They are why the products behave the same way even though they do different jobs.
Payment-hardware discipline
The card is read by the terminal, not by the software around it. That line is where the hardware earns its place, and we have never moved it to make an integration easier.
Each principle applies identically across Payments, EFT and Payouts.
Talk to us
Bring us the part that fails at close.
Show us where the money starts, where it should land, and the step that keeps breaking. We’ll tell you what we’d change, what it costs, and which parts we wouldn’t take on.
- Legal namePOS Velocity Ltd.
- Head office177-1881 Steeles Ave. W., Toronto, ON M3H 0A1
- Emaildemo@posvelocity.com