April 2018 POS Industry News

March 2018 – POS Industry News

Welcome the the latest POS industry news from March 2018. We gathered the usual collection of news articles discussing various point of sale topics.  Most notably, the POS industry news headlines were once again dominated by malware.

Google Pay Smart Tap Hits The POS

PYMNTS.com

To help shoppers use gift cards, coupons and loyalty rewards when paying with their mobile phones, Ingenico Group has made Google Pay Smart Tap available on its point of sale (POS) systems in the U.K. Ingenico made the announcement at the Mobile World Congress, the company said in a press …

10 Best Online Ordering Systems for Small Restaurants

Small Business Trends

To use it, you send your menu, photos and other information directly to MenuDrive and they’ll build an interactive online menu for you. You can choose from a few different payment platforms and connect it to your POS system or email to keep up with the orders. The annual plan starts at $90 per month.

Computer virus hits Tim Hortons sales, pits parent against franchisees

The Globe and Mail

The glitches in restaurant owners’ cash-registers and point-of-sale (POS) terminals were caused by malware that infected Tim Hortons’s internal software system, prompting the franchisees’ association on Monday to write a letter to parent Restaurant Brands International Inc. (RBI) seeking compensation …

Oracle Is Preparing Stadiums To Handle Beer Orders Via Alexa

SportTechie

As part of an effort to reach fans where they are in sports arenas and make it easier-than-ever for them to order concessions and merchandise during games, Oracle Hospitality is experimenting with ways Alexa might be able to integrate with arenas’ point-of-sale (POS) systems. “Telling Alexa to send …

TDK Introduces Transformer Series Designed for PoE++ Applications

GlobeNewswire (press release)

The powerful new B82806D0060A* series provides an output of up to 60 W, which makes it ideal for PoE++ systems as outlined in the IEEE 802.3bt … Typical applications are video and POS systems, but also include systems such as lighting controllers, fire alarm systems or access systems that are …

Applebee’s Hit With POS Data Breach

PYMNTS.com

After its point of sale (POS) systems were reportedly affected by malware designed to capture credit card information, RMH Franchise Holdings is warning that its Applebee’s restaurants in 15 states suffered a data breach. The company said all its 167 locations were impacted, Bank Info Security reported.

POS Malware Found at 160 Applebee’s Restaurant Locations – Threatpost

Applebee’s Hit by POS Malware – Infosecurity Magazine

Dined at Applebee’s Last Year? Your Credit Card Data Could Be at Risk as 167 Locations Hit with … – Wccftech

Full Coverage

6 Way to Get the Most From Your Restaurant POS System

Point of Sale News ™ (press release)

Today’s modern POS systems can do amazing things to help you improve operational efficiencies, increase sales, and create better customer experiences. Unfortunately, powerful POS features are all too often left unused. Here are 6 ways you can make sure you’re taking full advantage of your …

The Best Point-of-Sale (POS) Systems of 2018

PCMag India

If you are selling anything, from gifts and clothing to food and coffee or plumbing services, then you’re going to need a point-of-sale (POS) system. These applications not only take the place of the old-fashioned cash register but they also add a wide range of important functions, including direct hooks to …

POS Systems Market Key Players, Industry Overview, Demand & Supply Chain Analysis, Forecast …

Facts of Week

POS Systems Market Report Deliver an in-depth assessment of the POS Systems including qualifying Technologies, Key trends, Market drivers, Challenges, Standardization, regulatory landscape, deployment models, opportunities, future roadmap, value chain. The POS Systems Market report also …

Stripe Moves In-Store With Index Acquisition

PYMNTS.com

Stripe, the $9 billion payments processing startup, has acquired point-of-sale (POS) software developer Index. Index, which was backed by former Google CEO Eric Schmidt’s venture capital firm Innovation Endeavors, is well-known for its software for PIN pads that is able to read a chip card in under a …

Mobile POS Systems Market Effect Factors Analysis, Technology Progress, Market Production …

Facts of Week

Mobile POS Systems Market Analysis Report covers all Analytical and Statistical brief about Market Overview, Production, Consumption, Export, Import, Demand and Forecast Research with overview and solution in the complex world of Mobile POS Systems Industry. From raw materials to downstream …

Tim Horton’s struck by POS attack; All issues now addressed, says supplier

IT World Canada

Panasonic Canada says all issues relating to a virus that struck its point of sales systems in a number of Tim Horton’s outlets a week ago “have been addressed.” “We continue to actively monitor the situation and have a team on standby to work on any new cases that may arise,” the company said …

Grocery POS Systems market 2018- applications, challenges, growth, shares, trends, top players …

Facts of Week

A new industry research that focuses on Grocery POS Systems market and delivers in-depth market analysis and future prospects of Grocery POS Systems market. The study covers significant data which makes the research document a handy resource for managers, analysts, industry experts and other …

New POS Malware PinkKite Takes Flight

Threatpost

“From a malware collection point of view, it was probably easier for adversaries to send data to clearinghouses. It also may have helped them keep a little bit of distance from the POS terminals,” Bromiley said. “But, from an investigative point of view we loved it because it made the operation very noisy.”.

North American Wireless POS Terminal Market Analysis & Forecasts Report 2017-2023 …

Business Wire (press release)

The North America Wireless POS Terminal Market expects to witness market growth of 10.7% CAGR during the forecast period (2017-2023). Regionally, North America holds the maximum market share during the forecast period. The growth can be attributed to factors such as technological …

PinkKite point of sale malware spotted in the wild

ZDNet

The malware’s executable masquerades as a legitimate Microsoft Windows program and uses names such as Svchost.exe and AG.exe. When a system has been infected — although the techniques for primary infection have not been disclosed — the malware moves across a network to PoS systems.

PinkKite POS spotted

SC Magazine

What Kroll found is the malware, like most infecting POS systems, is quite small – just 6k. It was most likely injected into a single system and then was able to spread laterally through the company’s network, ThreatPost said. The malware is able to pull credit card numbers from the POS device, validate …

Global Point-of-sale (PoS) Systems Market – Detailed Analysis of Business Opportunities, Growth …

Business Services

Point-of-sale (PoS) Systems Market report reports cover detailed information on data type like Industry chain, manufacturing process, cost structure, marketing channel, capacity, production, market share, price, growth rate, consumption, import, export, are also studied in the Point-of-sale (PoS) Systems …

Hackers Behind Prilex POS Malware Using Stolen Data To Make Functional Cards

PYMNTS.com

According to Kaspersky Lab, the Prilex malware has been around since 2014, moving from ATM hacks to hacks of POS systems developed by vendors in Brazil. Now the hackers are using the stolen credit card data to make functional plastic cards that let them perform fraudulent transactions in any store, …

POS malware evolves to target chip and PIN-protected cards

ITProPortal

Originally the malware was used to hack ATMs and POS systems created by Brazilian vendors. Cybercriminals have now taken things a step further by using the stolen credit card data acquired from these hacks to create functional plastic cards that can be used online or even in person. Due to a faulty …

Hackers using tiny malware PinkKite to steal credentials from POS machines

SC Magazine UK

According to the researchers, this new malware, dubbed PinkKite, is just 6k in size and exploits its tiny footprint to avoid detection by anti-malware systems. Once it infiltrates a Point-of-Sale system, it proceeds to steal credentials stored in the system and sends the information over to clearinghouses, …

How to Get the Most Out of a Restaurant POS System

Modern Restaurant Management

There are many POS systems, each specifically designed and developed for different industries and the restaurant business is a big part of this. Some systems make inventory keeping easy, while others are excellent at scanning barcodes and building customer loyalty programs. The main thing is to pick …

POS Industry News, part 2

The Bull’s Eye for Cybercriminals: PoS Systems

PaymentsJournal

Point of Sale systems that take payments for goods and services for the hospitality and retail industries really serve as the point-of-strike for cybercriminals stealing credit card information. Applebee’s, a popular restaurant chain, is the latest to find malware on their PoS systems that infected more than 160 …

Maximizing The ROI On Your Selection Of A POS System

Total Food Service

So why hire someone when your POS system can do all that and more? Having this system in place can be a game changer when it comes to opening or managing your restaurant, and maximizing your ROI. But does it take away from the friendly smiles of your staff? “While we always like to stay up to …

Grocery POS Systems Market Research 2017-2022; Regional Industry Segment by Production …

Business Services

An in depth Grocery POS Systems market research report has been released by Garner Insights to provide accurate information about the Grocery POS Systems market Inspection Sales Segment. The Report scrutinizes an accurate analysis of the various segments of the Industry by providing …

Worldwide Point-of-sale (PoS) Systems Market 2021- Industry Analysis (Vendors, Regions, Growth …

Business Services

Point-of-sale (PoS) Systems Market report focuses on the Global industry, especially in Americas, Europe, and Asia-Pacific. Point-of-sale (PoS) Systems industry report categorizes the market based on vendors, geographical regions, type, and application. Point-of-sale (PoS) Systems Market research …

4 Tips to Guard Against Retail Point-of-Sale Malware

BizTech Magazine

As Bank Info Security reports, the company “warned that of the 167 Applebee’s restaurants it owns and operates, 166 of them suffered a data breach in which point-of-sale systems were infected with malware designed to capture payment cards for anyone who dined at the restaurants.” The threat of POS …

First Data Expands Alipay Acceptance To 600M Chinese Users

PYMNTS.com

First Data first announced last May that it would be integrating Alipay into its Clover POS systems at U.S. merchants. “First Data continues to be a premier partner for Alipay,” said Alipay Americas President Souheil Badran in a statement. “In a few short months, First Data has significantly expanded the …

First Data and Alipay expand reach in North America – Verdict

Full Coverage

Reflection of a QR code on PoS scanner used to own mobile payments

The Register

In a talk titled “All your payment tokens are mine: Vulnerabilities of mobile payment systems”, Zhe said mobile payments have two weaknesses: tokens aren’t encrypted; and tokens aren’t tied to a single transaction, so can be re-used and/or hijacked. Zhe explained that mobile payments see smartphones …

POS Industry News, part 3

How to choose a point-of-sale system for your business

Business Insider

A point-of-sale (POS) system is more than a fancy cash register. In addition to checking out customers and recording sales data, it becomes the hub of your business, bringing together information about your sales, inventory, customers, and employees, so you can manage your business more efficiently.

PayThink Breaches are a broken record that cry for encryption

PaymentsSource

But what makes the Applebee’s breach so frustrating is that the malware was able to find clear-text credit card information in the chain’s POS systems. Payment card-locating malware was the same attack vector used in the 2013 Target breach, the 2014 Home Depot breach, the 2015 Landry’s breach, the …

Global Mobile POS Systems Market Growth Forecast by 2023: PayPal, iZettle, Intuit, Square …

Business Services

The latest announcement of ‘Worldwide Mobile POS Systems market’ starts with product description, definition, product scope and classification, specifications and market overview. The Mobile POS Systems report displays forecast period from 2018 to 2023. It provides a comprehensive analysis of …

Grocery POS Systems Market: Acceleration, Technology and Evolutions 2017 – 2025

Digital Journal

According to a new report published by Reports Monitor titled, “Grocery POS Systems Market By Type, and Applications: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the Grocery POS Systems Market is projected to rapidly grow from 2017 to 2025. North America dominates the …

POS Industry News, part 4

Season Openers Mean POS Prep Work

Ballpark Digest

Stadium 1 Terminal With the Minor League Baseball season launching next week, teams across the continent are prepping for hordes of fans descending on their ballparks. Is your ballpark tech ready to handle the stress? Here are five things to review before Opening Day. 1) A connectivity review for …

Why POODLE/SSL is the New Y2K for Your Restaurant

Point of Sale News ™ (press release)

Once the June 30 deadline has passed, the credit card processing functionality of any non-compliant software, operating system and/or hardware will stop working. In other words, you will face a complete shutdown of your credit card processing! Most traditional POS systems are vulnerable and will need …

Grocery POS Systems Market is Anticipated to Show Growth by 2025

Business Services

Global Grocery POS Systems Market has been segmented majorly on the basis of Type and Application. On the basis of Type, the market is bifurcated into: Cloud based and On premise. Based on the Application, the market is segmented into: Large enterprises and SMEs. By Geography, global Grocery …

POS industry news for March 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 System Reports Restaurants

5 POS System Reports Your Restaurant Should Use

With these POS system reports you’ll have the information you need to optimize your restaurant’s performance.

Point-of-sale (POS) systems are a surefire way for any restaurateur to improve the productivity and staff morale at his or her eatery. These systems make it faster for wait staff to take and input orders and easier for the kitchen to see what’s coming in. However, there’s more functionality to POS systems than just day-to-day operations.

Most current POS systems have dozens of built-in reports that can be customized and pulled at will. If you’re new to POS system reports, it can be difficult to figure out which reports you need and which ones you can skip. While there’s no one-size-fits-all approach to restaurant reporting, there are a few categories that are useful for nearly all restaurant owners.

These are five of the most broadly used and universally functional POS system reports you should be pulling monthly.

Sales reports

Even basic POS system reports are able to give you an output of numbers as well as visuals, such as graphs and pie charts. Sales reports usually reflect the number of sales and the value of those sales as well as basic stats like the mean, median and mode of sales. POS systems allow users to pull sales reports on a daily, weekly, monthly, quarterly or annual basis. Daily sales reports can be helpful for entrepreneurs with new or struggling restaurants, while more experienced restaurateurs typically rely on monthly, quarterly and yearly reports. Comparing annual sales reports from different years can give small business owners a sense of how their restaurants are progressing and help them identify seasonal trends.

Inventory reports

A surprising number of restaurateurs, especially those new to the business, don’t bother pulling inventory reports. They operate under the assumption that everything is fine so long as sales outpace costs, but there’s always room for optimization. Inventory reports are vital for making sure costs are being maintained. Without pulling regular inventory reports, restaurants open themselves up to higher levels of employee theft as well as greater instances of running out of vital items. When restaurants regularly cut menu items because of poor stock planning, it reflects poorly on them, and customers are less likely to return. Inventory issues can also result in disgruntled employees. Running out of basic items, whether they’re menu items or dry goods, makes everyone’s jobs extremely stressful, and a stressed-out staff cannot deliver quality customer service.

Product mix and menu reports

General sales reports give you a good picture of your restaurant’s overall success, stagnancy or failure, but they won’t show you exactly what’s selling and what isn’t. Product mix reports and menu reports allow restaurant owners to track sales by time and item. So, you can set the parameters and find out exactly what sells best and worst for breakfast, lunch and dinner. You can do comparisons based on weekend dinner versus weeknight dinner; most reports also allow you to designate specific date ranges, so you can pull reports based on seasonality as well. This type of itemized data is helpful for restaurant owners who might otherwise rely on anecdotal feedback from chefs and wait staff to determine which menu items are popular. The more you know about what your customers want, the easier it is to cater to their needs.

Exception reports

Sales exception reports show you every void, refund, gift certificate-covered purchase and discount your staff has issued over a selected date range. This information can help you identify staff members who may need more training, but it can also be a helpful tool for loss prevention. One of the biggest obstacles restaurant owners face is their staff giving unapproved discounts to friends or giving large discounts to regulars in exchange for inflated tips. While many restaurant owners allow their wait staff to give out a specified number of discounts per night, without any oversight, this type of customer service can cost you thousands of dollars a week. Exception reports help you maintain quality customer service while minimizing costly preferential treatment of staff friends and regulars.

Labor reports

Also known as employee reports, labor reports provide insight into the efficacy of your staff and illuminate weak links. Labor reports often allow you to see the percentage cost breakdowns of different departments (front of house versus back of house) as well as by individual. You can measure productivity by viewing how many sales each wait staff member is responsible for or how many orders different kitchen staff members are fulfilling, which can be helpful when you need to promote someone to manager, cut off a weak link, or tell the difference between personal staff arguments that have nothing to do with work and valid complaints about someone not pulling their weight.

Bottom line

Not every POS system has the same reporting functionality, but most modern systems have at least a few general reports. Before you purchase a POS system, you should find out what the reporting capabilities are to make sure they suit your needs. If you run a niche restaurant with unique needs, you may want to inquire about custom reporting options. Some POS systems come with software that allows you to custom-create a variety of reports.

Original article was published on business.com by Mona Bushnell.