Elavon, a wholly owned subsidiary of US Bank, has introduced the new version of Talech software, which enables small business owners to run their businesses effectively.

The new-generation Talech software, dubbed Talech Terminal, eliminates the need for large upfront investment by small business owners to purchase a new payment system.

It allows business owners to accept payments anywhere, anytime with several hardware options, including mobile or fixed hardware and in-store terminals.

Talech Terminal is a point-of-sale payment solution, developed based on the success of Talech Register, and offers more payment options for business owners.

Launched by US Bank and Elavon in 2022, Talech Register is a payments and business analytics platform that enables small business owners to better manage their operations.

Elavon chief product officer Pari Sawant said: “Our goal is to enable small business owners to focus on what they do best, eliminating the burden of managing customer payments.

“This solution is a perfect option for business owners who value their privacy and prefer not to mix their personal mobile phones for customer transactions.”

Elavon said that the Talech Terminal is the latest addition to a growing suite of simple and intuitive products that integrate payments and banking solutions for small business owners.

It is an all-in-one payments and business analytic platform that empowers small business owners to better manage their operations.

The upgraded payment solution enhances the offerings, flexibility for basic payment transactions and more robust business management options.

It offers an intuitive interface, simple product organisation and access to basic reporting features, along with inventory management capabilities, and employee management support.

Talech chief product officer Joy Ghanekar said: “Talech Terminal is a continuation of our multi-year strategy to deliver integrated hardware and software payment experiences for our small business customers following the successful launches of Talech Mobile in 2020 and Talech Register in 2022.

“Terminal goes beyond basic payment acceptance and allows businesses to run their business in a simple, elegant form factor.”