Point Of Sale And Payment Processing News From October 2013
Each month, Business Solutions reports news on business in the channel. This month in Point of Sale and Payment Processing news, companies announce new partnerships, a customizable tax calculation function for POS, and research that shows mobile adoption among SMBs is high.
Archelon Enclosures, ScanSource Sign Distribution Agreement
Archelon Enclosures, a manufacturer of iPad and tablet enclosures, has signed a distribution agreement with ScanSource POS & Barcode. Through this partnership, channel partners will be able to purchase Archelon products from ScanSource. Archelon’s solutions provide protection for Apple iPads and other tablet devices, and their patented technologies secure tablets to prevent theft.
e-Nabler, Retail Pro Team To Offer Mobile POS Option
e-Nabler announced a development partnership with Retail Pro International that will allow customers to add the e-Nabler eMobilePOS solution to their existing Retail Pro retail management platform. Through the partnership, customers can use the eMobilePOS software to turn Apple iOS and Android handheld devices into mobile cash registers. eMobilePOS has a modular interface and is offered as an easy-to-install plug-in. A selection of certified peripherals — such as payment sleds and mobile printers — is also available.
Lavu iPad POS Simplifies Tax Calculations
Lavu now provides completely customizable tax calculation for all customers of its POS Lavu restaurant point of sale system. Business owners and managers can create tax profiles with itemized tax information and multiple tax rates, multiple tax exemptions, and have taxes included in item price — all features that were found previously only in high-end legacy point of sale systems.
Mercury Research Reveals Mobile Payment Adoption Interest High
Mercury research reveals mobile payment technology adoption is growing among small businesses. Mercury surveyed approximately 400 small business merchants in two surveys across a variety of industries on the topic of the adoption of mobile payments. Survey questions focused on the merchants’ current payments processes, payment-related priorities, timelines for adoption, knowledge of mobile technologies, and POS systems.
The surveys revealed mobile payment technology among SMBs is expected to achieve 50 percent penetration within five years. A key finding from the research is that merchants want to adopt mobile payments but prefer minimal or no point of sale (POS) system upgrades. A majority of merchants (65 percent) plan to adopt mobile payments within the next two to three years, and most respondents indicated they would rely on their technology or payment provider to implement a mobile solution. Additionally, nearly 40 percent of merchants find value-added services very important, and most respondents are already using value-added services or have interest in deploying them.
Additional findings from survey respondents:
- Nearly all (99 percent) respondents accept credit and debit cards.
- Unified technical integrations with POS (no additional hardware needed) is a key functionality requirement with 71 percent ranking this most important.
- 47 percent report the POS developer or dealer influenced their decision most when choosing a processor.
- A full 71 percent of respondents would rely on their technology or payment provider to implement a mobile solution.
- 46 percent prefer to adopt technology only once it’s been tested and proven to work.
- 64 percent evaluated two to three payment processors before deciding on their current processor.
- POS system financing is the most important payment processing feature respondents considered when purchasing a POS system.
- Overall, 70 percent of merchants are already using or are interested in using value-added services.