5 Ways POS Is Changing (And Why It Matters) - 0 views
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Businesses have moved from traditional cash registers and stationary credit card readers to iPads and even mobile- or cloud-based POS systems.
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the Shopify POS synchronizes and streamlines your financial and product information in a centralized dashboard.
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Businesses should consider allowing mobile payments, as customers are shifting away from cash.
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Mobile credit card processing services (Square, PayPal Here, Flagship ROAMpay) simply require a credit card reader attached to a smartphone or tablet with the necessary mobile app, while mobile wallet providers (Google Wallet, Visa Checkout, Apple Pay) and loyalty mobile apps (Starbucks, Daily Deals) allow customers to pay directly from their smartphones or by using a POS scanner to read barcodes or QR codes on their screens.
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New POS systems integrate real-time transactions with CRM solutions to help businesses increase sales and boost revenue
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ability to extract valuable information from POS transactions to help business owners make smarter business decisions.
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Detailed reports include inventory and volume analysis, top-selling items, revenue and profit margin optimization, and staffing needs
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"restaurant operations by combining POS, front of house, back of house, and guest-facing technology on a single platform"
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"monitor restaurant sales, labor costs, food costs, and more in real time, at home, and on the go with powerful reporting capabilities."
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(IoT) – the interconnectivity and communication of devices, networks and physical objects over the internet
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US-CERT recommends protecting POS systems by using strong passwords, ensuring you have the latest POS software updates, installing a firewall, using antivirus programs, restricting unauthorized internet access (such as for purposes other than POS transactions) and disabling remote access to POS systems.
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This article sums up the ways in which POS is currently changing. These ways include by using shared commerce POS systems, mobile POS systems such as Square and PayPal, integrated real-time transactions with CRM solutions, and POS security.
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This article sums up the ways in which POS is currently changing. These ways include by using shared commerce POS systems, mobile POS systems such as Square and PayPal, integrated real-time transactions with CRM solutions, and POS security.