POS systems are vital to the smooth flow and operation of any business, restaurant or retail. However, far too many retailers and restaurateurs are operating with outdated hardware and software. POS systems are a long-term investment. A lifespan of a POS system is about a decade. If you’re operating your business on decades old hardware,…
Achieving a high level of customer engagement has long been a goal of success-minded foodservice operators. However, increased competition in all sub-segments of the restaurant business makes attaining such a goal more imperative than ever. To do this, you will need a comprehensive customer engagement plan. Let’s discuss three strategies for improving that plan and…
Everyone knows a POS system is terrific for tracking sales in stores and restaurants alike, but what some operators may not realize is that the technology can also be a great productivity-boosting tool. Here’s how. 1. A POS system powers up inventory management. Any POS system with an inventory management module takes inventory management productivity…
Mobile POS systems are the future of restaurant payment systems. Tablet-based systems are being widely adopted in counter-service restaurant segments, and they’re now coming into the casual, sit-down restaurant segments as well. They work well in the counter-service setting, freeing up precious counter space and offering the ability to swivel the system around for the…
According to a 2015 poll conducted by Newteck Business Services Corp in February, 71% of business owners were not aware that Visa and MasterCard will hold the merchant responsible for credit card fraud if they do not have EMV (Europay, MasterCard, and Visa) implemented by October 2015. The poll also shows that 81% have not…
All-in-one POS systems—systems comprised entirely of hardware peripherals from the same vendor—are becoming increasingly popular among retailers and restaurateurs. Given their advantages, it’s no wonder. These advantages include: 1. Convenience: All-in-one POS systems provide merchants with pretty much everything they need in a POS, bundled together in one smartly designed configuration. Specific components vary, but these…
A POS system is a valuable tool for merchants in any vertical market—and supermarkets are certainly no exception. Here’s a look at seven of the most common supermarket POS system applications. Cash management and checkout: In grocery store environments, the supermarket POS is used to ring up and record sales and financial information (the amount…
Anyone who’s involved in the retail and/or hospitality market has probably heard something about the Payment Card Industry Data Security Standard (PCI DSS) and “PCI compliance.” However, confusion surrounding PCI DSS and PCI compliance remains. Let’s take a look at some of the most common questions about both. What is the PCI DSS? Managed by…
While ruggedized mobile POS isn’t a replacement for your traditional POS terminals, it certainly does add value to your sales or dining room floor. Ruggedized mobile POS is a great addition to your existing POS infrastructure for a multitude of reasons, all of which center around providing your customers with a better experience. Implementing ruggedized…
With its snow, sleet, freezing rain, and bitter cold temperatures, winter can wreak havoc on restaurants’ business. Even regular customers may be so weary—and wary—of the bad weather that they opt to eat at home rather than brave the elements and dine out. However, restaurant POS systems can help to overcome such winter woes by:…