POS ISVs and their VAR channels need to answer the persistent question: How do we compete? By analyzing the industry, talking with our partners, and considering the changes end users are facing in their markets, we are convinced the answer is value-added services.
Datacap partnered with Piper Jaffray & Co., an investment bank and research firm, to conduct a payments industry survey that consisted of responses from an amalgamation of 404 Value-Added resellers (VARs), Independent Software Vendors (ISVs) and Independent Sales Organizations (ISOs) who are all on the front line in forming today's payments landscape. Here are the results.
Here are a few of the concept trends the National Restaurant Association expects in 2018, several of which are tailor-made for mobile POS solutions.
Over the past few years, certain bank card acquirers/processors have purchased independent software vendors (ISV) in an effort to vertically integrate the delivery of integrated payments. This is effectively the same market verticalization...
Datacap partnered with Piper Jaffray & Co., an investment bank and research firm, to conduct a payments industry survey that consisted of responses from an amalgamation of 558 Value-Added resellers, Independent Software Vendors and Independent Sales Organizations who are all on the front line in forming today's payments landscape.
Many merchants across the US do not accept NFC payments even though they have the ability to do so. What's stopping businesses from supporting NFC?
A part of integrating mobile POS systems into merchant operations entails selecting a solution based around Wi-Fi or Bluetooth connectivity.
Why is QIR qualification so important for both merchants and POS providers?
In the first few years following the Great Recession, the retail sector was hit by a constant stream of adversities, with consumers in the United States spending very little on any non-essential items compared to the early 2000s.
The number of breaches and instances of fraud should begin to improve as the EMV protocol takes over and fewer cards use the old, magnetic strip technology. But retailers should still be ready and vigilant about their systems and the ways they are protected.
A good business owner is always looking at the bottom line, trying to find new ways to drive revenue and improve their margins. As such, they tend to focus directly on what makes them money - their products or services. However, few of these business owners ever consider their point of sale solution, through which all of their money flows – where consumers purchase said products or services.
No amount of extra security staff or technology can prevent a cybercriminal from attempting to breach a point of sale system for the treasure trove of customer data that it holds, but with a few simple steps retailers can make it much harder on hackers.
EMV is a great start, but point to point encryption and tokenization should also be utilized to protect in-transit card data.
Enterprises must still ensure they are deploying adequate safety measures and practices throughout the company in regards to the usage of technology and POS devices.
People are paying for goods in a variety of ways these days, using everything from conventional payment tools such as cash and credit cards to newer offerings like mobile payments and loyalty.
Customer loyalty initiatives can help drive sales.
Businesses often look at their products and services as their profit makers, and the point-of-sale system as a tool to help them process payments effectively.