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VARs: Enable Small Retailers To Act Big

In many cases, it’s large retailers who drive the adoption of the latest technology innovations. After all, they’ve got deeper pockets and the capability (i.e. personnel and expertise) to tinker with things. That said, smaller retailers have some things going for them as well. While many are short on IT budget, free time, and in-house expertise, there’s a willingness to gamble on something without fear of how shareholders will react or how competitive retailers will respond.

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POS & PAYMENT PROCESSING MAGAZINE ARTICLES

  • Why RMM Is Right For Retail
    Why RMM Is Right For Retail

    While it requires a different mindset for retail VARs who aren’t used to selling annuity services, remote monitoring and management (RMM) is a service that retail customers need.

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POS & PAYMENT PROCESSING EXECUTIVE COMMENTARY

  • 3 Ways Payment Methods Can Make An Impact On Customer Experience
    3 Ways Payment Methods Can Make An Impact On Customer Experience

    It wasn’t that long ago when merchants would dictate the form of payment by simply asking, “cash or credit?” as you prepared to make a purchase. Many merchants wouldn’t even take checks because they took too long to process and would often “bounce” or be returned.

  • PCI Compliance Is Just One Piece Of The Puzzle
    PCI Compliance Is Just One Piece Of The Puzzle

    You don’t have to look far to find evidence supporting the necessity of a comprehensive and thorough cybersecurity system for your clients. From the infamous Sony hack to cybercriminals infiltrating Target’s network that absconded with personal information from some 110 million accounts, it’s clear that protecting customers’ data is something to be taken seriously.

  • The Role Receipt Printers Play In A Solution That Enhances Customer Experience
    The Role Receipt Printers Play In A Solution That Enhances Customer Experience

    Generally, one would not expect a receipt printer to fulfill more than the obvious — print receipts. However, a closer look reveals that with some ingenuity, receipt printers can serve a number of roles to maximize a customer’s experience: deploying them at key locations to speed up customer throughput, ensuring accurate plus timely order processing, and keeping clients informed on current transactions or future deals.

  • Retail And RFID: How Improved Inventory Visibility Is Redefining An Industry
    Retail And RFID: How Improved Inventory Visibility Is Redefining An Industry

    Inventory accuracy has become every retailer’s battle cry; a defining priority critical to achieving the omnichannel fulfillment promise. RFID makes it possible. RFID technology allows retailers to implement real-time inventory solutions that provide accurate and efficient inventory tracking, faster product replenishment and the SKU-level locationing required to deliver exceptional shopping experiences wherever they occur.

  • 25 “Leadership Learnings” To Help You At The Helm Of Your IT Solutions Provider
    25 “Leadership Learnings” To Help You At The Helm Of Your IT Solutions Provider

    I am blessed to be able to spend a lot of time with leaders from all over the globe. Over the years, I’ve collected some observations about the disciplines and habits they live by. Here is a compilation of things I’ve observed and learned as I’ve watched these leaders do what they do.

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RETAIL-FOCUSED WHITE PAPERS & CASE STUDIES

  • Super Taco Super-Sizes Sales And Customer Engagement With Kiosk Solution

    Established in 1991, Super Taco Mexican Restaurants serves authentic, home-style Mexican food that has been recognized by local media as “the best in town.” In addition to preparing food from unique recipes and using only the freshest ingredients, the operator prides itself on valuing its customers and providing the highest caliber of services to patrons of its four locations in the Sacramento, California area.

  • POS Solution Helps Habitat For Humanity ReStore Build A Stronger Business

    Lexington Habitat for Humanity ReStore Builds a Stronger Business with UnifyPOS and Progress OpenEdge. Habitat for Humanity International’s vision is a world in which everyone has a safe place to live. With more than 1,400 local affiliates in the United States, and more than 70 national organizations around the world, Habitat for Humanity has helped build or repair more than 800,000 houses and serve more than four million people worldwide.

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POS EVENTS

ETA Transact 15 March 31-April 2 San Francisco

ISC West

Exhibit Hall:

SIA Education at ISC West:

 

April 15-17

April 14 – 16

Las Vegas
Retail Realm April 25-27
Las Vegas
Retail IT VAR Of The Future May 12-13

Las Vegas

NRA Show May 16-19 Chicago
2015 Mobile Payments Conference August 31 – September 2 Chicago
     
     

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.

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