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Too Many Payment Options Causes Lost Sales
Too Many Payment Options Causes Lost Sales

A blog post on the Internet Merchants Association website notes, “I have to ask myself — is there such a thing as too many payment options? When a buyer comes to my site, what are they looking for as far as payment options? Currently I offer Paypal, Google Checkout, and a merchant account. Would I not be shooting myself in the foot by adding another payment option?”

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POS & PAYMENT PROCESSING MAGAZINE ARTICLES

  • How To Conquer The Hospitality Market
    How To Conquer The Hospitality Market

    StayNTouch is new on the scene, but its timely blend of mobile and cloud is taking the hospitality PMS (property management system) market by storm.

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POS & PAYMENT PROCESSING EXECUTIVE COMMENTARY

  • How To Keep The Best Staffers
    How To Keep The Best Staffers

    How to keep great teammates. We’ve all had it happen, great people that we love to work with come in to your office with a nervous look on their face: “can I uh….can I talk to you for a second?”.

  • Beyond EMV: What’s Next?
    Beyond EMV: What’s Next?

    Merchants across the U.S. have gone through the expense and pains of adopting EMV, expecting it to be the one-stop solution to fraud. As the majority of merchants are implementing EMV, fraudsters are looking for any points of entry. Unfortunately, even EMV has its vulnerabilities.

  • Get Ready For Retail Deployment As A Service
    Get Ready For Retail Deployment As A Service

    No longer an isolated, occasional event, technology deployment occurs almost continuously now, and retailers should be thinking about changing the way they plan, budget, manage, and support deployment cycles in this new world.

  • The Problems (And Solutions!) With EMV And NFC
    The Problems (And Solutions!) With EMV And NFC

    NAB Velocity, based in Denver CO, provides software developers and businesses with secure and customizable payment solutions, including credit and debit card processing, ACH processing, and gift/loyalty card programs from an ecosystem of payment service providers. As a division of North American Bancard Holdings, LLC (NAB), an industry partner with over 20 years of experience and knowledge servicing merchants, enabling agents, and supporting partners, NAB Velocity is the omnichannel platform to an integrated system of payment and merchant services.

  • In Pursuit Of A Single Version Of Business Truth
    In Pursuit Of A Single Version Of Business Truth

    There’s a line about truth from the Rob Reiner film A Few Good Men that’s become iconic. In what’s arguably the courtroom drama’s most memorable scene, upstart Navy lawyer Lt. Daniel Kaffee (played by Tom Cruise) presses decorated Marine Colonel Nathan Jessup (played by Jack Nicholson) for answers.

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RETAIL-FOCUSED WHITE PAPERS & CASE STUDIES

  • Next Gen Pharmaceutical POS Systems Focus On The Customer
    Next Gen Pharmaceutical POS Systems Focus On The Customer Now more than ever, businesses are discovering the importance of customer service as a revenue driver. Consumers have numerous options locally and at the touch of their fingers online. Especially in the pharmaceutical industry, it is essential to have a system in place that ensures customer retention and satisfaction. In today’s busy society, the key to customer satisfaction according to research is an effortless customer experience.
  • Charity Aid Foundation Streamlines Donation Process With Payment Solution

    As the world moves from cash to “cashless” digital transactions, every industry is affected, even those that wouldn’t immediately come to mind. Take for instance, charity organizations that rely on volunteers to raise money on the streets. With fewer people carrying cash, many charities that employee the use of donation buckets have found their contribution numbers dropping. It’s not that citizens care less about the charities involved, it’s that many people simply aren’t carrying cash these days.

  • APG Partner Toast Cures Popular Food Truck’s POS Woes

    Erik Metzdorf knows what it’s like to be a victim of your own success. When his food truck, Metzy’s Taqueria, rolled onto the streets of Newburyport, MA, in spring 2014, a line of customers wanting to buy tacos and burritos wrapped around the block. While it shouldn’t take more than a few minutes to fulfill an order, customers were forced to wait much longer.

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POS EVENTS

SYNNEX Spring VARNEX April 10 - 15 Dallas
ETA Transact 16 April 19 - 21 Las Vegas
Retail IT VAR Of The Future May 17 - 18, 2016 Chicago
RetailNOW 2016 July 31 - August 3 Grapevine, Texas
Mobile Payments Conference August 29 - 31 Chicago
ISV IQ Live! East October 6 Philadelphia

ABOUT POINT OF SALE (POS) AND PAYMENT PROCESSING

Point of sale (POS) is the place where retail transactions are completed; where payment is exchanged for goods or services. POS is used in many retail industries and many require unique customizations to the hardware and software in order to accommodate their transactions. POS features include scanners, manual and electronic cash drawers, scales, EFTPOS terminals, handheld scanners, touch screens, and many other options. Modern POS systems often act as more than just a system to process transactions by providing inventory management, warehousing, CRM, financials, and more.

In addition to standard on-premise POS systems, modern POS software can be delivered from the cloud in the software as a service (SaaS) model. Cloud-based POS systems can be compatible with traditional POS hardware in addition to mobile devices such as iPads, iPhones, Android devices, and more. Cloud-based POS offers the ability to access data from anywhere there is an internet connection and normally offers faster setup due to it being run remotely.

Payment processing is done by payment processors which are often third party companies hired by a merchant to handle credit card transactions. Payment processors are broken down into two types: front-end and back-end. The front-end processors perform card associations, authorizations, and settlement services while back-end processors accept settlements from front-end processes and move money from issuing banks to merchant banks.

Modern payment processing is usually provided in the software as a service (SaaS) model, giving merchants a single simple electronic portal that allows them to process payments in various forms including recurring payments, web payments, checks, and more all in the same place.

FEATURED POS & PAYMENT PROCESSING PRODUCTS

  • Intel® Atom™ N2600 Based Ultra Slim Digital Signage Platform With Mini-PCIe Slot
    Intel® Atom™ N2600 Based Ultra Slim Digital Signage Platform With Mini-PCIe Slot

    Measuring a mere 19 mm thick, DS-060 is undoubtedly the world’s slimmest digital signage player powered by a 3rd generation Intel ® Core™ i7 processor (up to 45 watts TDP). This thin-and-powerful media player is equipped with 1x digital, plus 1x analog display outputs, and simultaneous dual 1080P(FHD) capability delivers a premium visual experience when graphics performance really matters. Windows ® Embedded OS, Linux are supported, with iManager preloaded, and SUSIAccess for Signage is also on offer. We’ve designed the DS-060 series in the smallest possible form factor, for optimized performance.

  • SB9095 Quad-Core All-in-One Point-of-Sale Terminal
    SB9095 Quad-Core All-in-One Point-of-Sale Terminal

    The Bematech SB9095 AIO terminal packs great features, versatility and value into a sleek and neat design.  It enhances the atmosphere of any business while providing excellent performance and reliability.  With unique and easy detach design, the SB9095 minimizes use of screws and internal cable connections.  The unit has options for integrated magnetic stripe reader, fingerprint reader, RFID/NFC reader and VFD/LCD customer display.

  • onePOS Restaurant Point of Sale Version 2.5
    onePOS Restaurant Point of Sale Version 2.5 onePOS is a truly different Point-of-Sale system... With 15 years experience in thousands of restaurants, onePOS has created a system that is amazingly easy to use, finely tuned for high-volume operations, secure to protect your profit margin, rock-solid so you can depend on it everyday, and flexible enough to meet an incredible range of needs.
  • Honeywell Hyperion 1300g Linear-Imaging Scanner
    Honeywell Hyperion 1300g Linear-Imaging Scanner Featuring an ideal balance of performance, durability, and ergonomics, the Hyperion 1300g provides years of hassle-free scanning, especially in scan-intensive or light industrial applications.
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POS & PAYMENT PROCESSING MULTIMEDIA

  • E-Myth Author Gerber Sounds Wake-Up Call For VAR, MSP Owners
    E-Myth Author Gerber Sounds Wake-Up Call For VAR, MSP Owners

    In addition to being recognized worldwide as a small business guru, Michael Gerber is known for his straight talk. And he’s eager for solution provider owners to be candid with themselves and embrace their reality as well. In a recent interview with Business Solutions President Jim Roddy, Gerber said, “Until the straight talk happens, until somebody pulls the chain, until somebody says something that strikes (VARs and MSPs) so deeply that they can't avoid it or ignore it any longer, nothing's going to change for them.

  • INSPIRE Preview: Seeking — Actually, Obsessing About — The Competitive Advantage
    INSPIRE Preview: Seeking — Actually, Obsessing About — The Competitive Advantage

    Dr. Robert J. Bies, professor of management at the McDonough School of Business at Georgetown University, is the keynote speaker for Retail Solutions Providers Association (RSPA) INSPIRE 2016. In this exclusive interview, Jim Roddy, president of Business Solutions, asks Bies to share a preview of his presentation he plans for the event scheduled January 31 through February 3 at Park Hyatt Aviara Resort in San Diego.

  • VARs And Payment Solutions: Stronger Client Relationships, Recurring Revenue
    VARs And Payment Solutions: Stronger Client Relationships, Recurring Revenue

    In this Business Solutions podcast, Gary Staub, chief sales and marketing officer at Sterling Payment Technologies, discusses how retail IT VARs can capitalize on payment solutions.

  • TSYS: Semi-Integrated Solutions Can Help Your Clients Be EMV-Capable By The Liability Shift
    TSYS: Semi-Integrated Solutions Can Help Your Clients Be EMV-Capable By The Liability Shift

    In this Business Solutions podcast, Bill Lodes, director of development partnerships at TSYS Merchant Solutions, explains semi-integrated EVM solutions. There are two options to achieve EMV certification. One option involves a solutions provider programming EMV-capable transactions into its own software, a process that can take 6 to 8 months.

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