Skip to main content

Mobile Point-of-Sale (POS) System.

View Bee Kash's profile on LinkedIn



Mobile point-of-sale is transforming the retail industry in a way few technologies have done before. For small merchants, the benefits of installing mPOS technology include not just low-cost card acceptance on smartphones and tablets but also access to the value-added retail management software offered by traditional POS systems, but at a lower price. For large retailers, mPOS provides a way to improve customer service and to respond to showrooming. This guide covers the basics, including:
  • Security

  • PCI

  • Cloud-based systems

  • Ancillary services



Bulky cash registers are a thing of the past for small and medium-sizes businesses (SMBs), as smartphone- and tablet-based systems with attached card readers become more prevalent. Another benefit of these mPOS devices is that they can be used for line busting during peak store hours.

While micro-merchants may find it sufficient to attach an mPOS card reader or dongle to a smartphone or tablet, large retailers typically need more sophisticated "mobile-register" solutions that offer more than payments acceptance, with additional features including real-time inventory checking, loyalty, ordering and product information.
To reap the benefit of those value-added features, retailers need to ensure their mPOS systems are fully integrated with their existing POS systems.

Instead of using dongles, larger retailers typically deploy sleeves encasing the mobile device being used as the interface to conduct card transactions, or integrated tablet-based solutions consisting of purpose-built, all-in-one mPOS devices. The advantage of sleeves is that they are more robust than dongles and can include barcode readers for price and inventory checks.
Another option is to deploy countertop tablet stands containing a tablet and card reader and linking to hardware accessories such as receipt printers, cash drawers and barcode scanners.



View Bee Kash's profile on LinkedIn

Comments

Popular posts from this blog

SAFEST OPTION FOR CARD PAYMENT PROCESSING

Principal members of card brands are the banks or financial institution that are authorized to acts as “issuing bank” that is they can provide credit cards and can act as “acquirers”, means the financial institution that provide transaction processing services. The principal members are responsible to contact directly to the card brands that is VISA, MasterCard or others and settle the funds of those transactions.

Banks might ignore to work directly with them or ask for guarantee from any third party, if any high-risk businesses, like gaming, e-Cigarette, pharmacy, firearms, adult products, media productions, start-up and more. That’s where, these principal member “financial institutions” play a pivotal role by just cross checking the business documents and existence. If they find the business eligible for association, these institutions just ask for fulfillment of the minimum legal requirement that is generally required for establishment of merchant accounts.

These principal members…

A Catalyst For Alternative Payment Methods.

The UK e-commerce market is Europe’s largest and is set to reach £90 bn before 2020 (up from £60 bn in 2015). But while e-commerce grows, the preferred consumer payment mechanisms are changing.

The Payment Services Directive 2 (PSD2) will come into force in the UK (and the wider EU) within two years and will have a profound effect on retail and commercial banking. While new payment categories like PISP (Payment Initiation Service Provider) and AISP (Account Information Service Provider) will transform how consumers interact with their banks and third parties, they also hold the potential to transform e-commerce.

A catalyst for alternative payment methods

Today, credit and debit cards in particular are the preferred consumer payment method in the UK, with card spending comprising 63% of all e-commerce payments.

However, according to WorldPay, alternative payment methods will see their overall share of transactions grow from 37% to 50% by 2019. The implementation of PSD2 will act as a catal…