By Darren Harrison, freelance writer.
Financial technology has been with us for longer than it may seem. The first appearance of financial technology was back in 1969 with the invention of the ATM, installed at the Chemical Bank in New York. Nowadays, paying for something with a mobile, transferring money online, buying insurance, and using online banking apps are some ways that we all use fintech every day.
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.
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The Ergonomic Solutions Group, creator of SpacePole mounting & mobility solutions, has released two new TabPOS tablet solutions designed for TabletPOS and a wide range of applications in both the retail and hospitality industries.
Benetton Group rolls out Cegid‘s unified commerce and POS platform to 1,000+ stores worldwide
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Retail software vendor, Cegid, has announced that the Italian fashion retailer, Benetton Group, will roll out Cegid’s cloud-based unified commerce and POS platform across its global store estate following a successful deployment in 29 stores in Italy.
Extenda Retail partners with SuiteUP to deliver POS and Retail Cloud platform to the Spanish market
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ExtendaGO, a business unit that is part of the global retail software company Extenda Retail, will provide its cloud-based software POS and Retail Cloud solutions to the retail and hospitality sector via the Spanish software consultancy business SuiteUP, which is a leading NetSuite implementation partner in Spain.
OmniPOS 5.19, part of GK Software's CLOUD4RETAIL platform, helps to accelerate retail innovation
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GK Software has released CLOUD4RETAIL 5.19 OmniPOS 5.19, claimed to be the only POS solution that provides an enterprise-class, unified platform for every retail format: grocery, convenience, fuel, QSRs and full-service restaurants, fashion and other retail segments.
COVID-19 hits global EPOS market with investment diverted to self-service
Jul 26, 2021
Global EPOS shipments fell to 1.7 million, the lowest level since 2010, according to new research. However advanced point-of-sale technology continues to play a key role in retailers’ operations and a gradual recovery is expected.
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Worldline and Toshiba expand partnership to deliver sophisticated shopping experience
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Worldline, the European payments and transactional services solutions provider, has strengthened its relationship with long-term partner Toshiba Global Commerce Solutions, provider of retail store technology.
Desigual teams up with MishiPay to test the mobile self-checkout shopping experience in physical stores
Jun 14, 2021
Desigual, the fashion retailer, is deploying MishiPay in stores in Barcelona and Madrid. MishiPay is a mobile self- technology for shopping in physical shops and transferring the immediacy of the online experience to the real world. The technology enables shoppers to scan the barcode of products and pay via their mobile phone, eliminating the need to visit a checkout.
Could self-checkouts become the norm across all retail sectors?
Jun 09, 2021
By Ed Smith, freelance journalist
Self-checkouts have proven to be an increasingly popular option for shoppers to take control of their own scanning of items. It can feel a little quicker and allows you to scan then pack your goods at your own pace rather than trying to keep up with a cashier.
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.
