Vend’s technology integrates with existing systems like printers, cash drawers, and barcode scanners. It collects data and stores it in the cloud, and it’s accessible on Macs, PCs, and iPads. Business can manage their inventory, monitor and track sales, and look at real-time reporting.

Traditional POS systems are not connected to the Internet, difficult to manage, and expensive. A host of startups have cropped up over the past few years building on developments in mobile technology, cloud computing, and the growth of digital payments to give the POS industry an overhaul.

The most well-known of these startups is Square which pioneered a small piece of hardware known as a dongle that is plugged into an iPhone or iPad to accept credit cards payments. The dongle is accompanied by a suite of software called Square Register that includes checkout customization features, management tools, and data analytics. PayPal and a host of clones such as iZettle and Payleven have similar solutions.

Vend is like Square (or PayPal or iZettle or Payleven) without the dongle.

Vend’s funding news comes on the heels of announcements by Square and PayPal yesterday that could sound the death knell for cash registers. PayPal announced that it would offer free credit, debit, check, and PayPal processing to U.S. businesses that adopt its PayPal Here solution, and Square released a new piece of hardware called the Square Stand that provides a more “elegant” alternative to the cash register.

However, businesses that already have POS hardware may not want to throw them out and start fresh, which is why Vend’s solution is appealing. Vend launched in 2010 and now powers payments in 6,500 stores in 100 countries. Customers include businesses in fashion, sports, tourism, food and drink, and healthy and beauty who pay a monthly subscription fee for the software.

Vend is based in Auckland, New Zealand. Half of the funds came from new investors in New Zealand and Australia, including the Milford Active Growth Fund, and entrepreneurs Craig Winkler, Paul Bassett, and Matt Rockman. Existing Berlin-based investor Point Nine Capital also contributed. This brings Vend’s total capital raised to just under $10 million.

Payleven is a payments startup based in Germany that turns mobile devices into point-of-sale terminals through the use of a dongle. A dongle, for those of you who may be out of the lingo loop, is a small piece of hardware that plugs into a device, and Payleven’s enable credit card transactions.

Square is the most well-known first startup to send the dongle to the soaring heights of popularity it now enjoys. Payleven is applying similar technology and business models to the European market. A statement issued by the company claims it is the first company in Continental Europe to fulfill the high security standards required for this type of product and service. Payleven has worked closely with Visa to ensure the standards are appropriate and up to snuff.

For this, it has raised a vague “high single-digit USD million funding” from a mysterious, new, unnamed investor. Previous investors New Enterprise Associates, Holtzbrinck Ventures, ru-Net, and Rocket Internet also contributed to this round. It will contribute to growing Payleven’s merchant base. Most of the clients are small and independent businesses that need an easy way to accept credit card payments. Payleven takes a small percentage of every transaction and there is no minimum turnover or fixed fee.

Payleven is currenty available in Germany, the Netherlands, Italy, Great Britain, Poland, and Brazil. It has 70 employees, with headquarters in Berlin and an office in London.