April 2018 POS Industry News

April 2018 – POS Industry News

A good bit of information coming out of the POS industry news in April 2018.  We have the usual hacking attacks, new product launches, market studies, and much more.

Choosing A Right POS System Is Essential For Business Success

Dazeinfo

Regardless of which industry you’re part of, some type of point-of-sale (POS) system is going to be a critical aspect of your daily business operations. And why not, the global point-of-sales terminal market is estimated worth $116.06 billion by 2025, scaling at 9.9% CAGR from 2017 to 2025. In addition to …

What to Look for When Choosing a Point-of-Sale Device

Business.com

The best point-of-sale devices do more than just read credit cards. Here are a few tips to help you choose the right POS system. More and more customers today are choosing to go cashless – in the local grocery or coffee shop, at the gas station and even at the hair dresser. The ability to accept in-person …

Does a High-Profile Hack Point to Systemic Cybersecurity Risks at Saks and Lord & Taylor?

Sourcing Journal Online

A Wall Street Journal article indicates that both Saks and Lord & Taylor stores had upgraded to EMV-compliant point-of-sale systems by fall 2016 and February 2017, respectively, ahead of when the breach it estimated to have begun. EMV or chip-and-pin, a standard that has been in effect in Europe for …

Saks, Lord & Taylor Payment Card Breach Affects 5 Million – Infosecurity Magazine

Up to 5M credit card numbers stolen in hack of Saks Fifth Avenue and Lord & Taylor – SiliconANGLE (blog)

Credit card info stolen from 5 million Lord & Taylor, Saks customers – New Jersey 101.5 FM Radio

Full Coverage

ScholarChip and SchoolPay Announce Seamless K12 POS Payment Integration

PR Newswire (press release)

ScholarChip and SchoolPay have developed an intuitive, easy-to-use interface that gives users an SSO (Single Sign On) between systems without the need for multiple registrations; the new SSO saves time with quicker access to ScholarChip’s and SchoolPay’s POS services. The companies expect …

Fattmerchant Partners with eConduit, Expanding Payment Integration Offerings for ISVs

GlobeNewswire (press release)

ORLANDO, Fla., April 04, 2018 (GLOBE NEWSWIRE) — Fattmerchant, a payment technology provider saving businesses thousands with its subscription-based model, today announces its partnership with eConduit, a provider of cloud-based single source global credit card terminal connection for POS …

Point-Of-Sale (Pos) Systems Market: Growth Rate, Consumer Buying Patterns, Demand and …

Facts of Week

Point-Of-Sale (Pos) Systems Market research is provided on all the vital factors such as consumer needs and trends those will create significant impact on the present and future market situations. Point-Of-Sale (Pos) Systems Market report will help buyer to minimize the decision associated risks and to …

POS Industry News, Part 2

Saks and Lord & Taylor have been hit with a massive data breach

Business Insider

They can lead consumers further away from spending in-store. This breach is another indication that large retailers struggle to ensure the security of their payment systems. Target suffered a breach that compromised 40 million cards in 2013, and Home Depot had 56 million card numbers stolen in 2014.

Saks and Lord & Taylor have been hit with a massive data breach – Business Insider

Canadian victims in huge Saks breach likely swiped payment cards, says expert – IT World Canada

Full Coverage

EMV POS Terminal Market in the US – Top Industry Insights by Technavio

WLNS

The upgraded research report on the EMV POS terminal market in the US is an integral part of Technavio?s portfolio. Technavio covers an extensive range of market research reports on the computing devices market, covering different regions and top industry segments. Some of the topics covered …

How Multi-Brand Franchises Can Crack Big Data

QSR magazine

Often, franchisees run different POS and reporting systems for each brand, but it’s also very difficult to compile that data. “If a franchise operation is running 200 locations with three different brands and three different POS systems, leaders can’t compare how each brand is doing without using different …

Point-of-sale (PoS) Systems Market Analysis And Forecast To 2022 By Recent Trends …

The Financial Analyst

Point-of-sale (PoS) Systems Market report provides key statistics available on the market status of the Point-of-sale (PoS) Systems Manufacturers and is a valuable supply of guidance and direction for companies and individuals thinking about the Point-of-sale (PoS) Systems Industry. The Point-of-sale …

Global Mobile POS Systems Market by Manufacturers: Intuit, Square, iZettle, Payleven, PayPal and …

Healthcare Journal

Global Mobile POS Systems research report gives the entire and exact perspective of the market amid the forecast frame from 2018-2023. The Mobile POS Systems market report enrolls the diverse elements which can help the perusers in changing their insight into fundamental business choices. Mobile …

Mobile POS Systems Market Globally 2018: Square, iZettle, Payleven, Intuit, Ingenico and PayPal

The Financial Analyst

The exploration of the latest research of global Mobile POS Systems market portrays a nitty-gritty principal review which is powered by profound research to familiarize the clients with most recent Mobile POS Systems patterns, current market outline and improvement status forecast from 2018-2023.

POS Industry News, Part 3

A Brief Note on Digital Payment Systems in Pakistan

IndraStra Global

“Digital Payments” in Pakistan is an evolving concept that intends to provide a basket of the solution to its citizen and in fact, it is rapidly gaining momentum in Pakistani market. More than half of its population do not have access to the conventional and mobile banking services and there is very little use …

Mobile POS Systems Market Research, Size, Share Analysis by Manufacturers, Regions, Type and …

Business Services

Mobile POS Systems Market report analyses the prospects in the market for several shareholders and aspirants by identifying the high-growth segments, main actions approved by them and Mobile POS Systems market recent progressions. The Mobile POS Systems market report is prepared after …

What Do Event Vendors Want From mPOS, Anyway?

PYMNTS.com

Farmers’ markets, craft fairs and holiday bazaars can be the lifeblood of small vendors — that is, if they have the right POS system to keep the sales flowing. In the latest mPOS Tracker, PYMNTS catches up with sellers from Boston’s SoWa events to find out why fairs and market sellers prefer a simple …

59% of POS Systems in the US — including at Small Businesses — Now Accept EMV Cards

Small Business Trends

When the deadline for the “liability shift” was almost up in October 1, 2015, the number of small businesses having switched to EMV was at 8.33 percent. According to Visa, 59% of U.S. POS locations now accept the chip, a 578 percent growth since 2015.

Mobile POS Systems Market Top Manufacturers by 2023: Ingenico, Payleven, PayPal, Square …

Pharmaceuticals News

The global Mobile POS Systems market research report tracks significant facts associated with business limitations and proceedings that include innovative technological Mobile POS Systems advancement, acquisitions, and mergers, introduction of new product, various business stats of the Mobile POS …

Grocery POS Systems Market 2018 -COMCASH, pcAmerica, Retail Management Hero, Bepoz … – Global Top Key Players (blog)

Grocery POS Systems Market 2018 Global Analysis By Key Players – COMCASH, pcAmerica … – openPR (press release)

Grocery POS Systems Market Trends & Forecast to 2023 – openPR (press release)

Full Coverage

Grocery POS Systems In-depth Assessment and Opportunity Analysis 2018 to 2025

Business Services

Global Grocery POS Systems Market Size, Status and Forecast 2025 This Report covers the volumes, prices, historical growth and future perspectives in the Grocery POS Systems market and further lays out an analysis of the factors influencing the supply/demand for Grocery POS Systems, and the …

Global Restaurant POS Software Market analysis , capitalization, Forecasting , Competitor … – The Financial Analyst

Latest Research report on Grocery POS Systems Market predicts favorable growth and forecast till … – satPRnews (press release)

Global Payment Security Software Market Outlook 2018- Symantec Corporation, Intel Corporation … – Software News

Full Coverage

POS Industry News, Part 4

Staley Technologies Merges with Advanced POS Solutions

CPAPracticeAdvisor.com

On Monday, April 9, Business Machines Systems, Inc. d/b/a Advanced POS Solutions (APS) acquired Staley, Inc. d/b/a Staley Technologies of Little Rock. While the terms of the deal remain undisclosed, the new merged company will be led by Andrew Faulkner, former President of Advanced POS …

Mobile POS Systems Global Market Players by 2023- PayPal, Payleven, iZettle, Ingenico, Square …

The Financial Analyst

Global Mobile POS Systems research report fills in as a comprehensive guide to provide the recent industry trends like the development, opportunities, Mobile POS Systems market size, dispatch occasions, and drivers. Competitive landscape study based Mobile POS Systems key makers, market …

Automotive POS Systems Market Highlights, Business Opportunities and Future Growth Outlook …

Med News Ledger

2018-2025 Automotive POS Systems Report on Global and United States Market, Status and Forecast, by Players, Types and Applications. The research report presents a comprehensive assessment of the Automotive POS Systems market and contains thoughtful insights, facts, historical data, and …

POS Systems Market Research Report – Market Size, Share, Trends, Analysis and Growth … – Facts of Week

Global Point-of-sale (PoS) Systems Market 2017 is Projected to Grow at a CAGR of 7.79% till 2021 – Investor Opinion

Point-of-sale (PoS) Systems Market 2022: Import-Export, Industry Chain Structure And … – Investor Opinion

Full Coverage

Payment Logistics Files Antitrust Lawsuit against Shift4 Payments, Shift4 Corp. and Lighthouse …

Business Wire (press release)

In mid-to-late 2017, Lighthouse Network acquired the Restaurant Manager, FuturePOS and POSitouch brands of POS systems and their parent companies. These systems cater to the mid-to-large table service restaurant market. Then in January 2018, Lighthouse acquired Shift4 Corp., the largest …

Finedine Menu Joins 500 Startups’ to Accelerate Its Restaurant Tech Platform

The Spoon (blog)

The platform is compatible with most POS systems. Behind the scenes, the Finedine Menu system gathers and displays data the restaurant can use to improve both the menu itself and the food offered. That includes things like most viewed items, average ticket size, daily sales, and which items sell the …

Global Grocery POS Systems Market- By Key Players, Type, Application, Region, and Forecast …

Technology Reviews 24

The Global Grocery POS Systems Market 2018 report is detailed study of overall Grocery POS Systems market including introduction of product, definition, scope, Grocery POS Systems global sale, and forecast up to 2025. The Grocery POS Systems Market report is the extensive analysis of the Grocery …

 

POS industry news for April 2018 brought to you by QUORiON Data Systems, a POS system manufacturer. Content is collected from various sources around the Web.

April 2018 POS Industry News

January 2018 – POS Industry News

Quite a bit of POS industry news coming out of January 2018.  Hope you had a great start to the new year. Enjoy the read!

POS Industry News, Part 1

Forever 21 Says PoS Systems Exposed Customer Data for 8 Months

Threatpost

Fashion retailer Forever 21 confirmed a breach made public in November resulted in the theft of credit card data belonging to an undisclosed number of customers. The company had stated that a lack of encryption used on some of its point-of-sales payment terminals could of resulted in unauthorized …

Forever 21’s POS system was breached for months, exposing customer credit card details – TechSpot

Forever 21 Suffered 7-Month POS Malware Attack – BankInfoSecurity.com

If you recently shopped at Forever 21, your credit card may have been stolen – TechRepublic

Full Coverage

Delhi Food Minister finds deficiencies in FPS e-POS systems at Burari

United News of India

New Delhi, Jan 3 (UNI) Delhi Food and Civil Supplies Minister Imran Hussain on Wednesday found deficiencies in Fair Price Shops e-POS systems at … duty after deficiencies were noticed during surprise inspections by him to check the efficacy of functioning of e Point of Sale (e PoS) devices installed …

Prepare Your Business For Family Day – Update Your POS System

Sustainable Business Forum

Around this time of year, large groups of people meet to reunite with family members over a nice meal or a day of shopping, coming together on a day specifically set aside to demonstrate a profound appreciation for family values. With this in mind, business owners and restauranteurs across the nation …

Point-of-sale (PoS) Systems Market increasing demand with Leading key players | Sharp, Toshiba …

Newsient (blog)

HTF MI comprehensive and detailed 112-page research study on Global Point-of-sale (PoS) Systems provides a significantly expanded scope with deeply analyzed conclusions and content that includes an industry relevant database of major existing Point-of-sale (PoS) Systems manufacturers/players …

Global Point-of-sale (PoS) Systems Market 2021 Vendors, Drivers, Challenges and Opportunities … – satPRnews (press release)

Global Retail Point-of-Sale Terminals Market 2017 – Cisco Systems, Hewlett-Packard, NCR … – Yоur Nіskаyunа

Full Coverage

Clerk’s office unfazed by glitch in system

News- Graphic

“We had made the executive decision years ago to use a third party vendor to provide our Point of Sale (POS) system. When the new system launched and did not work like it was supposed to on Tuesday morning, we were still able to use our old system to make transactions.” Johnson explained.

4 Ways “Free” Point of Sale is Not Free

Business 2 Community

If you are looking into upgrading your point of sale system, you have probably come across multiple offers, especially over the internet, for “free” POS systems. Before you sign the contract, take some time to fully understand what associated costs come with that “free” POS and understand your …

How to Choose the Right Point of Sale System For Your Full-Service Restaurant

Modern Restaurant Management

Your restaurant’s Point of Sale (POS) system is the backbone of your business. This technology records every sale, controlling your revenue and saving the data you need to calculate return on investment (ROI). It saves all the important data associated with these transactions, such as highlighting your …

POS Systems in the UK

ABCmoney.co.uk

Business activity in the United Kingdom enjoys a significant boost in Q4 of every year. Holiday shopping features prominently on the list of to-do items, and this is good news for UK small and medium enterprises. The increasing adoption of technology to manage financial transactions is evident in the …

The Future of Payments: Which Game Changing Technologies Will Affect the Retail Industry

PaymentsJournal

Well before current advancements in electronics, mobile technology and the internet, point of sale systems have existed in some form. The early days of cash boxes and microprocessor-controlled cash registers evolved to barcodes,mobile payments, and cloud-based POS technology. The evolution of …

POS Industry News, Part 2

12 Reasons every retail business should use an ePOS

Business MattersBusiness Matters

Brick and mortar shops have traditionally used conventional POS systems to facilitate the checkout process, collect payment from the customer, and log/print relevant receipt data. However, a recent wave of electronic Point-of-Sale (ePOS) systems has set a new standard for sales process management, …

Why ‘have a safe trip’ has an even greater meaning in the digital age

CIT Magazine

Over the past year, compromises of payment card data from point-of-sale (POS) systems, network intrusions against third-party suppliers, and cyber espionage campaigns against visitors using hotel Wi-Fi networks have plagued the travel and hospitality industries. In the spirit of ‘forewarned is forearmed …

Toshiba Tec Showcases Digital Signage Solutions at NRF 2018 Retail’s Big Show

Business Wire (press release)

As the global market share leader in point-of-sale (POS) systems, Toshiba Tec is well-positioned to deliver state-of-the-art digital signage solutions to worldwide customers via its group company, Toshiba Global Commerce Solutions. Toshiba’s digital signage is currently in use within diverse retail …

Epson Introduces OmniLink Multifunction POS Printer and Engages Visitors with In-Store Experience

PR Newswire (press release)

Using their mobile devices or traditional POS, they can scan and check out their items and print receipts in real time with Epson’s new hybrid multifunction receipt printer. Diebold Nixdorf — a kiosk, POS Systems and ATM provider, will be showing how it leverages Epson’s TM-L90 Plus-i LFC KDS …

Epson Introduces OmniLink Multifunction POS Printer and Engages Visitors with In-Store Experience – The Daily Telescope

Full Coverage

How are mobile POS systems boosting sales in retail stores?

Flux Magazine (press release)

Mobile POS systems are delivering a positive return for retailers – especially during busy periods. They ensure people can quickly and easily pay for their goods when footfall is high. It reduces the likelihood of customers becoming disgruntled and leaving the store without buying anything, improving the …

7 Retail POS Software Features to Streamline Your Small Business in 2018

Business 2 Community

Point of Sale systems has been a staple of businesses for a number of years allowing cashiers to zip customers through the checkout line with speed and accuracy. They also serve up benefits to the businesses themselves since employers and managers are able to better keep track of inventory while …

POS Industry News, Part 3

Wireless POS Terminal Market Worth 13.00 Billion USD by 2023

PR Newswire (press release)

Wireless POS terminals are largely used in the sports and entertainment industry. In this sector, wireless POS systems are deployed in casinos, movie theatres, theme parks, museums, and sports arenas. The deployment of these solutions assures flexibility and transparency in the entertainment …

Global Grocery POS Systems Market 2017 Top Players: COMCASH, pcAmerica, Retail …

Silver Pinyon Journal

MarketNReports from its Database gives research study on “Grocery POS Systems market” reports. It offers the comparative assesment of Grocery POS Systems market and consist of Historcal data, Significance, statistical data, size & share, Market Price & Demand, Bussiness overview, Market Analysis …

Technological innovations in Point-Of-Sale systems

Business MattersBusiness Matters

For the restaurant industry, point-of-sale systems are particularly useful. Given that there are high levels of debit card, credit card and cash charges flowing through the system at any given time, it’s important to have a highly effective system managing this activity. Every single penny that passes through a …

Tech Tools for Remote Restaurant Management

Marlin Finance Media Room

Restaurant operators on the go are turning to smartphone and tablet apps, cloud-based software and other convenient technology tools to improve operating performance and make their lives easier. New point-of-sale (POS) systems improve the dining experience for consumers and help restaurant …

Tablet Pos Systems 2018 Global Market Key Players – PayPal, IZettle, VeriFone Inc, Adyen …

Industry Today (press release)

Based on the Tablet Pos Systems industrial chain, this report mainly elaborate the definition, types, applications and major players of Tablet Pos Systems market in details. Deep analysis about market status (2012-2017), enterprise competition pattern, advantages and disadvantages of enterprise …

Global Point-of-sale (PoS) Systems Market 2017 – VeriFone Systems, Ingenico Group, Epson, Casio

Game 360 (blog)

The report highlights a clear idea for the readers about entire market scenario to decide on this project further in the market. The global Point-of-sale (PoS) Systems market has been accountedon the basis of types for the shares of the largest market in previous years, which are supposed to continue …

Does the ‘cloud’ have a tipping point for QSR operators?

QSRweb.com (blog)

This is the tipping point today when it is economically advantageous for POS providers to create cloud POS systems that now not only offer price-points comparable to, or below those for client-server solutions. We all win now because now we can offer a cloud product at a significant cost reduction …

The current and future landscape of smart dining

Business.com

When POS systems first hit the restaurant scene, they were massive (often running on a giant desktop computer) and prohibitively expensive, but they changed everything. Now, mPOS systems, or mobile point-of-sale systems, are starting to make their mark in chain restaurants and major cities.

POS industry news for January 2018 brought to you by QUORiON Data Systems, a POS system manufacturer. Content is collected from various sources around the Web.

POS Machines - Why They Are Used Everywhere

POS Machines: Reasons Why They Are Used Everywhere

When it comes to retail business, using good POS machines (aka, point of sale systems) can be a major asset.

If you’re someone who’s running a physical store and sells a lot of products that you can’t mentally keep a track of, you should get POS machines. Even if you think that you can keep track of your business records manually, you’d still do better with a POS machine.

The bottomline is—you’re going to be surprised to know how much it can be of help.

What Are A POS Machines?

Point Of Sale or Point Of Purchase is a the place and time where a transaction gets completed in retail stores.

A POS system combines software and hardware to help merchants simplify their daily business activities and receive transactions.

There are many POS softwares that are available today, that can help you boost your business. A POS machine is one that lets the person swipe, insert, or enter the debit/credit card details to transfer funds to the merchant. POS systems are increasing in number in all brick and mortar stores. Read on to find why.

Reasons Why POS Machines Are Used Everywhere

Removes Human Error

If you’re business activities and records are handled manually, it’s then open to human errors. You might think that a small error won’t bring down your business, but a small error margin of 1% could cause you losses of hundreds to thousands a year.

POS machines provide business with no chance of error by keeping track of transaction records, and it also helps you to bottomline figures.

Reduces Your Losses

It is sad to know that often a business’s losses occur due to theft by their own employees. Employees know how the system works, and they can exploit and cover it up easily. Using a POS machine is an advantage because it keeps track of the entire product life cycle—right from buying from a supplier to selling to a customer.

This data is crucial because you can use it to keep track of your losses. You can find out where your losses occur, and then plug the holes. Doing so could save you two fold.

Faster Checkout

Using a POS machine can significantly speed up your checkout process. The process is even faster with barcode scanning. This in turn makes the customers happy because they don’t have to wait in large queues to buy their stuff. It also allows you to record more data at the checkout counter, which can be used to find which products sell the most, loyal clientele etc.

Increase Efficiency

When you’re making records of your inventory and what you’ve sold, there might be some discrepancies. Sometimes you might forgot the number of items in your inventory. This is where a POS machine comes in. A POS system sends information directly into your inventory, you don’t need to keep checking for any discrepancies between the items you’ve sold and your inventory.

Know What Product Sells Best

Every business person is keen to know what products sell best. Keeping track of sales records manually is a tedious process. But, sales reports generated by POS machine helps you analyze your sales reports in detail. Using a POS can help you determine who is the top salesperson in the team, what products sell best, what market strategies are best for the business etc.

Using POS Machines

Using POS systems provides you with the ability to accept credit and debit cards from your customers in the store. This means that you can your products on the go wherever your customers are.

The seamless integration makes it easy for a business to sell products and accept payments hasslefree, and while doing so it automatically updates your orders, customer data, and inventory.

By using POS machines you can:

  • Use your own credit or debit terminal: You can use your own external credit card terminal and track payment details.
  • Split tenders: With a POS you can accept two or more payment types in a single transaction. For instance you can use both card and cash, or multiple cards.
  • Selling gift cards: Sell gift cards that can be redeemed in store. You can print gift cards using your receipt printer.
  • Store credit: In the case of refund, you can provide store credit instead of the payment method used.
  • Custom payment methods: You can use custom payment methods of your choice like gold coins, cheque etc.

Original article published on Times Square Chronicles, October 18th, 2017.