Ways A Point Of Sale Terminal Is Advancing To Make Business More Efficient
It’s no secret that the POS (Point of Sale) system is a businessman’s best friend. And since the first version of POS system was used in the late 19th century to track store transactions, the POS terminal is continuously evolving by incorporating new features and technologies and also simplifying the entire checkout method for both the cashier and the customer.
Read more as we are going to talk about the ways a point of sale terminal is advancing to make a business more efficient by implementing cutting-edge POS technologies.
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Mobile POS
Since most customers nowadays are now making their transactions with their mobile phones, more and more businesses are also allowing sales to be made through mobile payments.
Mobile POS systems are now applied to process credit card payments. And your business doesn’t have to secure heavy equipment or complex staff training just to integrate this system into their operations. All they need is a card reader to be attached to a mobile phone or tablet so that customers can pay using their smartphones.
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Shared Commerce
Another way a point of sale terminal is advancing is by shared commerce. To be specific, most POS systems today can now track both online & offline transactions to avoid the hassle of managing 2 sets of payment systems and inventories.
This way, the business owner can now have quick access to real-time data and also customer insights without going through the hassles of initiating reports on various systems.
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Big Data For Small And Medium Enterprise
Small and medium business can now have access to big data as current versions of POS systems can now obtain valuable information from past POS transactions so that you can make smarter decisions to help your business scale even further.
And the good thing is that this technology is not only limited to retail as food businesses like restaurants can also take advantage of this innovation.
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POS Systems Now Work Hand In Hand With CRM
New point of sale systems can now integrate immediate transactions with customer relationship management (CRM) solutions to boost business revenue and sales. And by combining these 2 areas, your business can easily collect and synchronize customer data and use to enhance customer acquisition and experience even more.
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A Move To Fortify POS Security
And last but not the least, the US-CERT has now issued a recommendation to protect businesses from point of sale terminal breaches. This is issued so that POS system providers will always provide proper security with compliance to the service-level agreement that you have made with them.
In addition, this recommendation also ensures your business (and any other business for that matter) will be protected cybercriminals who have been attacking POS systems to hack customer information and compromise the integrity of your business.
