New Point of Sale Technology
As technology emerges yet again into another world we as retailers are under the thumb of the patron. Many times we think that upgrading will cause problems with our current systems and it can be costly, although the benefits seem to outweigh the expensive costs when it comes to new advancements in technology.
Emerging with the POS systems are the new VeriFones that will be able to us POS systems in place of credit cards, checks and other means of payments. The problem is that it would need to be widely accepted by retailers for it to work. The VeriFone would work in place of the physical credit card for easier and faster check out. This may be the new wave of the future for payments.
This may only work if there are already retailers on board with the capabilities of using the verifone. It also may help if there were a “rewards” card or some type of incentive to get our patrons to use this new way of paying. All of the glitches need to be worked out because with peoples credit information they are not so willing to just use it for anyone. They need the confidence that their information is secure and safe. This can all happen with the new POS systems.
1. Keeping tabs: Restaurant corporation integrates video with POS system – Information regarding the ease and capabilities of the POS systems used in restaurants, according to David Starmer this is a great way to help with loss prevention, integrating the POS system has helped with time, loss prevention, surveillance, as well as ordering and a lot of help with extra “eyes” to watch the cash flow in the business.
2. VeriFone puts money near mouth, says it’ll include NFC in all new POS terminals – Continue to upgrade your business to keep up with the changing times. This VeriFone idea could very well be the lead of the next best thing. Keep your business in the running by changing your system to accept this type of sale, allow patrons to pay with ease and stay ahead of the changing technology to better succeed in your business.
Company Website:
The first two features in this weeks roundup are announcements from two major point of sale hardware brands introducing their POS thermal printers. We are featuring both announcements due to the wide range of differences, one caters to high-volume point of sale applications and one is a new low cost solution. The third article this week is an interesting concept on how to deal with the popularity of mobile coupons without having to spend a fortune to upgrade your current POS system. Small retail branding is an important part of building customer relationships and it’s essential to competing with large retail establishments. Our fourth feature this week is a short article giving retailers a few tips on what not to do while building your brand. We saved the best for last…featuring a truly inspiring story of a brick and mortar small retailer that’s promoting American Made products.
Don’t let the short title fool you. This weeks roundup will include five featured POS and Retail News Articles of the week but they mesh into the same general categories. Everyone has been talking about the debut of the iPad but do you really know what that means for the future of small retail businesses? From what I read this week it’s forecasted to be a huge boost to small retailers particularly with the announcement of integration with the Square. The first two articles in the roundup with give you valuable background information on how the iPad may influence your small retail establishment. The third article in this weeks round up has some incredibly sound tips for which types of interactive digital media each small retail industry should be using. That leads us into the last two featured news stories this week which involve loyalty programs. One small business owner took the chance on a disloyalty program, you’ll be surprised at the attempt and the results he’s had. Then, a very informative article on what really works with loyalty programs form a consumer perspective.
What could be more exciting than starting a new year with new goals and expectations? This drives almost every human to make some type of change for the upcoming year. This weeks round up features some ways you can change your small retail business in order to attain those goals of success. First Panasonic has unveiled a new POS workstation that will enhance the overall point of sale experience for the consumer. The next article is about the importance and new innovative ways to gather and analyze customer data. The last three articles that are featured are about the future of small retail including a cities perspective on what lies ahead, keys to a great customer experience in 2010 and the top small business ideas for the upcoming year. Start planning your goals for 2010 today to help provide an advantage for your retail location.