TD Bank Launches Clover Suite for Small Businesses

TD Bank, one of the 10 biggest banks in the US, has rolled out the Clover product portfolio—offering all-in-one payment terminals designed to help manage the operations of small businesses through custom hardware, software and merchant services.

The launch of Clover is in line with the bank’s strategy to meet the changing needs of small businesses and marks the expansion of its existing small business services portfolio, which already includes Payeezy and TransArmor.

Powered by global payment technology solutions company First Data, the Clover Suite provides tools that empower small businesses to accept payments, manage inventory, track employee time, schedules and transactions and recognize marketing opportunities.

The Clover product portfolio comes with extensive payment options that include traditional credit or debit cards, contactless payments, gift cards, and mobile payments, among others.

It offers customer loyalty programs and cloud-based management tools to streamline day-to-day processes such as reporting, scheduling and inventory tracking.

Clover also comes with customizable design with access to more than 150 apps to simplify business processes on a tablet, with a mobile device or at the sales counter.

To ensure data protection, the product suite uses tokenization and encryption for more secure payments.

Hardware includes Clover Station, a terminal for use at the sales counter; Clover Mobile, a solution for tablets on site; Clover Mini, a smaller, more conveniently-sized payments terminal; and Clover Go – a device for mobile sales in the field.

Julie Pukas, head of U.S. Bankcard and Merchant Solutions, commented, “At TD Bank, we appreciate that small business owners require solutions that are time-efficient and cost-effective. By offering the Clover product line we’re able to provide customized solutions that go well beyond what many small business owners have today, including metrics, scheduling, inventory, cash flow and sales, and even management of customer loyalty programs. These advantages are invaluable to small business owners.”