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NRF Says Gramm-Leach-Bliley Data Security Regulations Are A Poor Fit For Your Merchant IT Clients

The Gramm-Leach-Bliley Act (GLBA) has governed data security in the banking industry for more than 15 years. Now, citing a new white paper by two former Federal Trade Commission (FTC) officials that asserts imposing data security rules designed for the banking industry on retailers, merchants, and other nonbank businesses would be a “poor fit,” the NRF has publicly urged the Senate to reject it.

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POS & PAYMENT PROCESSING MAGAZINE ARTICLES

  • Why Choose Sterling Payment Technologies?

    For more than a decade, Sterling has built strong relationships and invested heavily in POS businesses like yours through our Partner Program. We are committed to going above and beyond to help our reseller partners grow and prosper.

  • Searching For Security

    Lifting The Burden Of EMV Migration

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POS & PAYMENT PROCESSING EXECUTIVE COMMENTARY

  • How To Quickly Integrate A New Salesperson Into Your IT Company, Part 1
    How To Quickly Integrate A New Salesperson Into Your IT Company, Part 1

    I was asked by one of our peer group members to provide some advice as it related to the hiring and onboarding of a new salesperson. The potential hire did not have an IT industry background.  So my advice to him was twofold, focusing around how to get the non-IT person up to speed and how to quickly integrate the new hire into their company.

  • How To Quickly Integrate A New Salesperson Into Your IT Company, Part 2
    How To Quickly Integrate A New Salesperson Into Your IT Company, Part 2

    In the first part of this series, I shared some strategies around onboarding a salesperson into a new industry.  This article will focus on the second question of how to immerse a new hire in your company culture and expectations.

  • How IT Solutions Providers Can Strategically Plan A Benefits Package
    How IT Solutions Providers Can Strategically Plan A Benefits Package

    All IT companies are facing a shortage of qualified workers, and this is especially true for SMB owners.  It seems as though the “big boys” have the competitive edge when it comes to compensation packages, perks, and benefits. In addition, the changes brought about via the Affordable Care Act have frustrated many employers, forcing them to reevaluate their benefit packages by dropping some benefits, adding additional benefits, or modifying the plans themselves.

  • Stuck On Your IT Services Business Strategic Plan? How A Coach Can Help Jump Start Progress
    Stuck On Your IT Services Business Strategic Plan? How A Coach Can Help Jump Start Progress

    I heard Verne Harnish speak at a conference a few years ago.  He said many great things but the most impactful (to me at least) observation he shared was around coaching.  He shared how Tiger Woods, who at this point was at the pinnacle of his career, was impacted by a coach.

  • IT Solutions Providers: Which Lake Are You In?
    IT Solutions Providers: Which Lake Are You In?

    When I was in college, I spent my summers working at a YMCA camp. I was responsible to keep all the trails, playing fields, and general areas mowed. I also did some general maintenance stuff around the camp as well. Occasionally, I would get to do some work down by the lake. It was here that I would witness hundreds of kids get in a canoe, many of them for the first time.

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RETAIL-FOCUSED WHITE PAPERS & CASE STUDIES

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

  • The Merchant And EMV: What You Need To Know To Prepare For The Magstripe To EMV Transition

    The EMV standard was developed in the 1990s to mitigate card-present fraud in Europe and other markets where online, real-time connectivity to issuers’ authorization systems was not widely available. The unique data provided by the EMV chip embedded in payment cards with this standard makes it nearly impossible for fraudsters to produce counterfeit cards. Fraud related to counterfeit cards has essentially been eliminated in countries where EMV was widely adopted.

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POS EVENTS

ScanSource Partner Conference March 16-18 Greenville, S.C.
HP Global Partner Conference March 16-18 Las Vegas
MURTEC March 17-18 Las Vegas
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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FEATURED POS & PAYMENT PROCESSING PRODUCTS

  • PowaPIN
    PowaPIN

    The market is on the move and as more and more customers buy from their mobile devices, PowaPIN helps businesses keep one step ahead of them. Small, stylish and perfectly formed, PowaPIN is the ideal companion to the T25, or with any mPOS smartphone or tablet.

  • Symbol DS9808 Hybrid Presentation Imager
    Symbol DS9808 Hybrid Presentation Imager

    Achieve a new level of productivity and throughput at the checkout stand — with the DS9808. Designed to deliver a new level of versatility, functionality and performance, the DS9808 features a one-of-a-kind hybrid form factor that provides superior comfort and ease of use in both handheld and hands-free scanning modes.

  • APG Cash Drawer Caddy System
    APG Cash Drawer Caddy System The Caddy System is the convenient and attractive solution for organizing POS components, and cleaning up the cable clutter of a POS workstation.
  • POS Elite
    POS Elite

    Harbortouch POS Elite combines state-of-the-art software with top-of-the-line hardware to deliver a high quality POS system that is unmatched in both reliability and usability.

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RETAIL-FOCUSED MULTIMEDIA

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