By Matthew Kingsley Rowsell, Chief Product Officer, Merchant Solutions in Nexi.
‘Software will eat the world’ was a statement made by Marc Andreessen of Andreessen Horowitz over a decade ago. We are starting to see that take shape in many aspects of our lives, especially within the payment industry.
EPoS (Electronic Point of Sale) Technology News
EPOS or Electronic Point of Sale software is found in the majority of retail businesses. An EPOS system generally consists of a VDU (Visual Display Unit) and a PC and the system may also include additional equipment such as a scanner or a printer, depending on the requirements of the business. A traditional EPoS system is where the software is deployed locally on the till hardware and is generally found at the 'checkout' of a business, but can be linked to other terminals in the 'back' of the business and can even be linked to the business' website.
Will software overpower payments?
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Markt POS has announced new feature enhancements to its all-in-one, cloud-based retail point-of-sale (POS) software to further meet the needs of small-to medium-sized grocery and specialty markets.
Shopic announces landmark deployment of 2,000 smart cart devices
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Grocery smart cart solution provider Shopic has announced it will roll out 2,000 units of its AI-powered clip-on device across 30 branches of Israel’s leading supermarket chain, Shufersal, by March 2023. This is a significant event and a litmus test for the global smart cart sector, with no other company having announced commercial-scale deployments of smart carts to date.
Fierce competition between suppliers for new POS software business
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Computop enables the smartphone as a card terminal with Computop PhonePOS
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Retail customers of the international payment service provider (PSP), Computop, will now be able to use smartphones at the POS to accept contactless payments.
5 Types of Retail Software Solutions That Changed The Industry
Jan 13, 2023
By Sean Turner, freelance writer.
In the modern market, retailers are expected to always provide immaculate service and flawless customer experience. Customers are more conscious than ever and demand high-quality solutions that make shopping simple and convenient, and align with their personal values.
New POS software adoption accelerates as retailers embrace omnichannel
Dec 20, 2022
There were 8.7 million POS software installations globally at major retail and hospitality operators as of June 2022, according to Global POS Software 2022, the latest study by strategic research and consulting firm RBR. The study covers more than 2,350 projects of firms with 1,000+ POS software installations.
Effective Ways to Automate and Grow Your Retail Business
Dec 17, 2022
By Jessica Wray, freelance writer.
Running retail businesses can be complex and demanding. Managing the different operations, inventory, and customer service levels can be overwhelming. Then comes the challenge of attracting customers and driving sales.
Why Don’t More Grocers Start Offering Smart Carts
Dec 12, 2022
By Ted Phillips, freelance writer.
Smart carts were first introduced years ago but have yet to become a staple at local supermarkets. Today, it seems that smart carts are finally on the cusp of going mainstream, as various leading startups operating in the space tackle the key roadblocks to adoption.
EPOS or Electronic Point of Sale
By linking the EPOS system to the business' website, customers are provided with real-time information regarding stock, through the use of automatic stock control. Links to other terminals within the shop results in greater control over the business as a whole. Extended retail EPoS software facilities include instant messaging direct to point of sale, time and attendance management, a central document sharing facility, and cash/safe management. .Cloud based EPOS means retailers access it via the internet giving retailers real time access.
Electronic Point of Sale (EPOS) is a system that combines hardware and software to process customer transactions in a retail outlet. EPOS systems typically consist of a touchscreen computer, receipt printer, barcode scanner, cash drawer, and software.
EPOS systems can be used to track sales, manage inventory, and generate reports. They can also be used to accept payments from customers using a variety of methods, such as credit cards, debit cards, and cash.
EPOS systems offer a number of advantages over traditional cash registers, including:
- Increased accuracy: EPOS systems are less prone to errors than cash registers, as they automatically calculate the total amount due and generate receipts.
- Improved efficiency: EPOS systems can help businesses process transactions more quickly and efficiently.
- Increased data insights: EPOS systems can generate reports that provide businesses with insights into their sales, inventory, and customer behavior.
EPOS systems are a valuable tool for businesses of all sizes. They can help businesses improve their efficiency, accuracy, and data insights.
Here are some examples of electronic point-of-sale systems:
- Square
- Shopify POS
- Lightspeed Retail
- Revel Systems
- Toast
These systems offer a variety of features and pricing plans to fit the needs of different businesses.
If you are considering implementing an EPOS system in your business, there are a few things you should keep in mind:
- The size and complexity of your business will determine the features you need in an EPOS system.
- You need to choose a system that is easy to use and that integrates with your existing business systems.
- You need to consider the cost of the system, as well as the ongoing costs of maintenance and support.
