By Jeff Knowles, freelance writer.
Within the past few years, buy now, pay later (BNPL) has revolutionised the payments landscape on every continent—most impressively during the COVID-19 global shutdown. With BNPL services first appearing in the 2010s as a solution to financing pain points like complex user experience and credit cards with high APRs and fees, they took a profound leap forward in the 2020s.
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.
BNPL companies & the continental divide
Nov 14, 2022
EPOS vendors bounce back as market recovers with 18% increase in shipments
Oct 25, 2022
The global programmable EPOS market returned to growth in 2021, expanding by 18% according to Global EPOS and Self-Checkout 2022, the latest study by strategic research and consulting firm RBR.
Europe mPOS Terminals Market size to surpass US$15 Bn by 2027
Jul 05, 2022
According to a recent study from market research firm Graphical Research, the Europe mPOS terminals market size is set to register a significant growth during the forecast timeframe, due to the growing use of mobile applications to carry out daily.
Cegid acquires StorIQ
Jun 14, 2022
Cegid, provider of cloud business management solutions for finance (treasury, tax, ERP), human resources (payroll, talent management), CPAs, retail and entrepreneurial sectors, has acquired StorIQ, a London-based company with a staff of about thirty founded in 2015.
UK luxury sportswear brand Cole Buxton deploys Cegid Retail mobile POS technology to support global expansion
May 30, 2022
Retail software vendor, Cegid, has announced that the British luxury sportswear brand, Cole Buxton, has deployed Cegid Retail’s mobile point-of-sale (mPOS) solution in its flagship store in London as part of a drive to grow and expand the business internationally.
Renovotec introduces latest POS devices that boost retail sales, plus faster, more secure 'SD-WAN' systems for retail operations
May 24, 2022
In its latest industry move designed to champion the needs of the retail sector, independent supply chain hardware, software and services company Renovotec is introducing new in-store mobile POS (point of sale) and ordering devices with response and payment speeds that boost retail sales volumes according to the company.
UTP, Faster Processing, and Phos become industry pioneers by being the first to introduce same day processing for payments accepted on a smartphone
May 03, 2022
UTP, an award-winning provider of card and other payment solutions, has partnered with Phos to create the latest industry innovation, tapeeno, enabling smartphones to be transformed into a payment device in an easy and convenient way. These leading payment providers have partnered to create an application which allows smartphones to accept and process same-day card payments.
Check Out This Genius Payments Platform Plan
Apr 13, 2022
By Thomas Kirby, freelance writer
Payments platforms are becoming more and more popular as people shift away from traditional methods of payment. If you're looking to create a platform, there are a few things you need to keep in mind. In this article, you will learn about the most important factors to consider when creating your platform plan.
How to Use Modern Technologies For Improving Your Businesses' Payment System
Feb 17, 2022
By Allen Brown, freelance writer.
With the rise of e-commerce and more businesses going digital, business owners need to keep up with new technologies. New payment platforms like Apple Pay, Samsung Pay, and Android pay are making it easier than ever to pay without cash or cards.
Should You Get a Digital Menu for Your Bar? Here Are The Facts to Keep in Mind
Feb 14, 2022
By Richard Grant, freelance writer.
Bars spend a lot of money updating their menus, especially if they run a lot of promotions. On the other hand, some restaurants will lose business because they aren’t updating their offerings frequently enough. Either way, a digital menu can do a lot to solve your menu woes.
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.
