National Merchants Association (NMA) announces new brand, LOLA™, a Fintech product line with innovative solutions to increase businesses’ competitive advantage

As the future of FinTech, LOLA™ solutions support merchants through labor shortages, increased consumer demand for modernization and more

LAS VEGAS, March 22, 2023 /PRNewswire-PRWeb/ — Today, the National Merchants Association (NMA), an innovative fintech company, pro-business advocate and payment acquirer transforming the financial services industry, announced its newest brand, LOLA™, a revolutionary fintech product line for the modern Merchant. The products, LOLA™ Kiosk 210, LOLA™ Station 500 and LOLA™ Point, are available at no cost to the merchant and will support organizations through an ever-changing business climate that includes labor shortages, changing consumer demands, technology adoption, inflation and more.

LOLA™’s robust product line currently offers three solutions, each addressing organizations’ unique business needs, with more solutions in the works. See below for a description of each:

• LOLA™ Kiosk 210: A stand-alone, touchscreen, customer-facing kiosk POS system that enables customers to self-order and make payments without the assistance of waiters or cashiers.
• LOLA™ Station 500: A touchscreen kiosk and POS system merged into a true all-in-one, compact product.
• LOLA™ Point: A portable device that can be used as a stand-alone terminal or a portable POS device.

“We put advocacy at the forefront of everything we do, which is why we made LOLA™ products available and accessible to merchants of all sizes,” said Heather Altepeter, founder, president and CEO of NMA. “We’re leading the charge to make this free, so we can move forward with both merchants and consumers faster, as cost is the main driver of resistance to modernization for small businesses.”

Unlike traditional kiosk solutions that are often associated with prohibitive lead times caused by complex, expensive installations, LOLA™ reduces all of this by coming ready to use straight out of the box, including the range of pin pads that provide increased payment flexibility. The remote management system also allows restaurants to access display information from all Wi-Fi-enabled devices, check the status of remote devices and resolve errors quickly. LOLA™ helps businesses of all types increase revenue, increase operating margins and improve the customer journey by ensuring a simple experience where customers can browse, order and pay seamlessly in one place. Businesses also win, as LOLA™ increases upsell opportunities, showing all available options to customers in a friendly and easy-to-use user interface.

“The pandemic ushered in new consumer expectations and never-before-seen complications that have led to much-needed revitalization across many different sectors, and these behavioral changes look like they’re here to stay,” said Travis Everett, COO of NMA. “Today, customers are much more accustomed to the flexibility of contactless self-service, so innovative fintech solutions, such as LOLA™, address changing business needs.”

For an exclusive look at LOLA™ products, visit booth #71 at the Northeast Acquirers Association Annual Conference in Boston from 29 March – 30 March. Visitors will have a chance to experience LOLA™ products in person, and next month NMA will unveil one of their most sought-after and important products in the company’s history. For an exclusive look, join NMA at ETA Transact in Atlanta from April 24-26. For more information about the National Merchants Association, visit NationalMerchants.com.

About the National Merchants Association (NMA)
The National Merchants Association (NMA) is an innovative FinTech company, pro-business advocate and payment acquirer transforming the financial services industry. Through both advocacy work and its own innovative product and service offerings, NMA ensures that merchants at all risk levels receive fair and affordable electronic payment options for businesses of all sizes. NMA has revolutionized the payment processing space by creating a reliable and user-friendly payment experience for merchants, agents, referral partners and consumers, through its premier card-not-present services, electronic payment options for physical payment methods. businesses and free payment kiosks. Since its inception in 2004, NMA has achieved remarkable success – securing four recognitions from Inc. Magazine’s awards programs, including America’s Fastest Growing Companies and Rocky Mountain’s Fastest Growing Companies. For more information about the NMA, visit NationalMerchants.com.

About LOLA™
LOLA™ is a revolutionary fintech product line designed for the modern merchant and features state-of-the-art POS systems and self-service kiosks. As a National Merchants Association (NMA) brand, LOLA™ was created to strengthen merchant advocacy and to make technological advancements and modernization achievable for all businesses, regardless of size. Current flagship products, LOLA™ Kiosk 210, LOLA™ Station 500 and LOLA™ Point, support organizations through an ever-changing business climate by addressing labor shortages, evolving consumer demands, technology adoption, inflation and more.

Media contact

Lilly CarrionNational Merchants Association, 1 954-600-8860, [email protected]

SOURCE National Merchants Association