retail IT POS resource center retail IT POS resource center

Digital Transformation Tops Priority List For Merchants In 2017
Digital Transformation Tops Priority List For Merchants In 2017

Digital transformation tops the priority list for the vast majority of merchants in 2017, as almost seven in ten (69 percent) of retail executives report plans to increase their investment in emerging technologies, according to a survey from PwC and JDA Software.

More POS & Payment Processing Articles

POS & PAYMENT PROCESSING MAGAZINE ARTICLES

More Articles

POS & PAYMENT PROCESSING EXECUTIVE COMMENTARY

  • A Look At Restaurant POS Costs: In Either Language, ROI Is King
    A Look At Restaurant POS Costs: In Either Language, ROI Is King

    There are two languages of ROI, especially when it comes to restaurant POS. By Shannon Arnold, Posera

  • 10 Reasons Every POS EMV Integration Will Benefit From A Gateway Solution
    10 Reasons Every POS EMV Integration Will Benefit From A Gateway Solution

    Point of Sale EMV integrations are becoming more advanced by the day. Software developers can now choose to integrate with a semi-integrated terminal solution which communicates directly with the bank without the need for an EMV-certified gateway. Sound great? It can be, but there are many benefits merchants would lose out on.

  • Retail Analytics Drive Operational Efficiency
    Retail Analytics Drive Operational Efficiency

    There’s certain obviousness to the relationship between business analytics and operational efficiency in retail and hospitality. It goes without saying, for instance, that the more data buyers have about the sell-through rate of a certain SKU, the more efficient their POs will be. Or that the more finite the finance department’s view into labor spend, the more accurate its labor forecasts and budgets will be.

  • Targeting Value: Bull’s-Eye On Value Added Resellers
    Targeting Value: Bull’s-Eye On Value Added Resellers

    Value added resellers (VARs) have long been sought after as high quality distribution channels for point-of-sale (POS) manufacturers. Their high-touch interaction with end-users and expertise in end-to-end business management solutions have made them rising stars and ideal partners within the POS industry. Over the past few years, software developers and payments processing companies have also seen the light as they, too, have come to appreciate VARs’ distribution value.

  • 5 Ways Your Point Of Sale System Can Boost Margins
    5 Ways Your Point Of Sale System Can Boost Margins

    There is a common misconception higher margins are one of the easiest ways to improve business performance. By Doug Smith, director, product marketing, retail and distribution, Epicor Software

More Executive Commentary

RETAIL-FOCUSED WHITE PAPERS & CASE STUDIES

  • How London Harness Keeps Customers Happier With 4-Second Chip Cards
    How London Harness Keeps Customers Happier With 4-Second Chip Cards

    Wellesley’s London Harness has been a town institution since 1951. The company specializes in leather goods, particularly luxury bags and luggage, and they also offer a wide array of other gifts and services including engraving and monogramming for customers and corporations.

  • Alaska Financial Wins Big With New POS Solution Offering

    Today, selling merchant services without any sort of value-add is a recipe for disaster. Those in this business suffer from shrinking margins and high attrition rates when competing on price alone. Some ISOs and agents, however, have adjusted their business model to address these trends.

  • Dig Into Selling POS To Garden Centers

    Dale Pinney of Olaf Solutions Inc. — celebrating over 30 years in the garden industry, helping small business owners with their store's needs — took time to dive deep into how and why servicing garden centers can prove fruitful. Read on to learn why a POS system is crucial for garden centers, how stores can improive their ROI, and much more.

More Retail-Focused White Papers & Case Studies

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

  • OKI Retail Solutions
    OKI Retail Solutions

    When you partner with OKI Printing Solutions, you get more than a print supplier. You get a printing solutions partner with a passion for retail. It's our 35 years of dedicated experience that enables us to understand the fast-moving business, the management of many locations and markets and the current retail environment and need to control or cut costs.

  • Cherry SPOS Biometric Keyboard
    Cherry SPOS Biometric Keyboard

    SPOS Biometric Keyboard by Cherry

  • LE1015 LCD 15″ True-Flat Touch Monitor
    LE1015 LCD 15″ True-Flat Touch Monitor

    The Bematech LE1015 true-flat, bezel-free touch monitor is designed and manufactured to meet the requirements of retail and restaurant operations with their Point-of-Sale system. The highly rugged touch monitor includes a solid base with extra wide hinge for maximum stability. The LE1015 also facilitates quick and professional mounting of integrated magnetic stripe reader and VFD/LCD customer display.

  • Posiflex KS Series Fan-Free POS Systems
    Posiflex KS Series Fan-Free POS Systems This fan-free system is designed for application in no noise environments and longevity of use in harsh climate areas. Housed with stylish aluminum case and textured on high-gloss polycarbonate front bezel, this series will add a fashionable spotlight to your counter while providing effective ventilation for quiet operation.
More Featured POS Products

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.

More Multimedia