It’s hard to believe, but the beginnings of the first Point-of-sale (POS) system dates back as far as the late 1800s. James Ritty, a Dayton, Ohio, saloon owner, was known as the “father” of the cash register. He invented a device that could register the amount of cash transactions recorded at his saloon because he
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Isn’t a POS system just a computer? You may have had that thought cross your mind at some point. The answer is “yes,” but it’s also “no.” Let’s investigate by first defining a POS system. POS stands for point-of-sale, and the term is applicable to a retail store, checkout area, or any location where a
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If you own a restaurant, the only place to sell food is in your restaurant right? Wrong! You can be creative and take your food to the masses. Here are some creative ways to use a mobile point-of-sale (POS) system that will help increase your restaurant’s exposure and sales. Outside Stadiums Before, After, or During
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Deciding the prices of your products can be difficult. Set them to high, and risk low sales. Set them too low, and loose money. Did you know your point-of-sale (POS) system can help you make decisions about pricing? Your POS system should be able to tell you how much you are selling of a given
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How well do you know your employees? Enough to know if they were stealing out of your cash register? At least you hope so. Employee theft is bigger than you might think. Consider these 2015 stats from Statistic Brain Research Institute. A typical organization loses 7% of its annual revenue to employee fraud. The biggest
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Gift cards are on of the most requested gifts each year. This year is no different. According to the National Retail Federation, those who plan to purchase gift cards will total nearly 26 billion dollars in sales this holiday season. That’s a lot of money, and there’s no reason you should miss out on your
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Purchasing a point-of-sale (POS) system can be a mind-boggling experience to the novice shopper. That’s why it’s important to narrow down all the devices available in order to find the right fit for you and your business. Below are some tips you can use to help in choosing the best POS system. Define the Needs
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The holiday shopping season is about to kick off. Is your business ready? Have you considered how a mobile point-of-sale (POS) system can help during the biggest shopping time of the year? According to the National Retail Federation’s Holiday Consumer Spending Survey conducted by Prosper Insights and Analytics, consumers celebrating Christmas, Hanukkah and/or Kwanzaa will
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Business operators are increasingly moving away from stand-alone credit card machines and cash registers, and purchasing point-of-sale (POS) systems. That’s because credit card machines can only do two things—charge a card and print a receipt; while cash registers can do basic sales functions. Perhaps, that’s all your business needs—the basics. However, more and more business
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A data breach with your point-of-sale (POS) system can be devastating. It can cause lost productivity, a damaged reputation, and decreased revenue when customers take their business elsewhere. Bottom line—the impact can be costly. The 2015 Cost of Data Breach Study conducted by Ponemon Institute found that the average consolidated total cost of a data
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