Billfold POS specializes in providing RFID-based cashless payment systems designed to streamline transactions and enhance security for high-volume events such as festivals, concerts, and large gatherings. The company serves event organizers, venue operators, and service industry professionals who benefit from faster transaction times, reduced labor costs, and increased security. Operating in the event management and payment solutions market, Billfold POS employs a business model that includes selling and leasing RFID wristbands and POS systems, along with offering transaction processing services. Revenue is generated through the sale of hardware, service fees, and transaction commissions. By eliminating the need for cash and traditional credit card transactions, Billfold POS minimizes the risk of theft, counterfeiting, and chargebacks, while also improving the overall customer experience and increasing tip percentages for service staff.

Keywords: RFID, cashless payments, event management, POS systems, transaction speed, security, high-volume events, festivals, concerts, service industry.