Beekash Payment Systems

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 ( SMB s), 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 smartpho...

The current outlook for adoption of mobile wallets solutions may be a muted one, but there is hope on the horizon – if hardware manufacturers provide truly open and robust access to storing credentials and to interacting with the physical point of sale. One spur to more widespread adoption comes with the continued growth of the cloud as it enables access to all types of transactions across all devices across all venues. The mobile wallet is “more than just a payment method,” according to the white paper, which means that the stakes are high for both financial institutions and retailers, as they need to include mobile shopping in their basket of shopping and banking technology and payment options. The choice is a simple one: to innovate or be disintermediated. The quickest path is to link up in interoperable partnerships that will in turn lead to success at the point of sale. The in-store experience can be enhanced whether mobile wallets are used as part of a standalone pay...