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I Love Velvet is a global provider of hardware and software for mobile point of sale (mPOS) transactions and value-added retail services. I Love Velvet manufactures and sells merchant-operated, consumer-facing and self-service mPOS systems to the entertainment, retail, hospitality, and automotive industries.

Founded in 2009 by former SAP AG, Oracle Corporation and retailing executives.^[1] The system was developed for enterprise retailers looking to process multiple forms of payments in multiple countries all housed in one single device called "The Brain".^[2]

In 2013, I Love Velvet purchased Wexpay, a French online wallet company.^[3]

I Love Velvet mobile POS is a cloud-based iPhone, iPad, Android, and Windows tablets, mobile point of sale (mPOS) or checkout system. I Love Velvet mPOS has several large business customers such as German vehicle inspection company, Dekra. The system allows merchants to ring up sales, print or email receipts, open a wireless cash drawer, accept credit and debit card, EMV (for international Credit Cards) smart card, and NFC/RFID transactions, as well as print remotely from compatible hardware devices using the Velvet Store application. The back-end, web-based Velvet Cloud allows inventory, employee, and customer management, with analytics and reporting. The dashboard interface allows merchants to view real-time store sales and other data remotely.

I Love Velvet is headquartered in New York, New York with global design, hardware/software development and security support facilities in South Korea, China and Bulgaria.

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