Author: yourpostech
Point-of-Sale (POS) software has already become critical for quick-service, full-service, and fast casual restaurants, helping process customer transactions and track sales data. According to Grand View Research, the restaurant POS terminal market segment alone reached $22.26 billion in 2023. Researchers expect the market to grow at a CAGR of 8.0% from 2023 to 2030. To increase the value of POS solutions and streamline various tasks through seamless data exchange, restaurants can integrate POS with other software for online booking, menu management, or customer relationship management. The following are five must-have POS system integrations for restaurant businesses and a look at…
Razorpay has clocked an annualised total payment volume (TPV) of $150 billion, the merchant payment processing unicorn said on February 23, citing latest data, as it announced new products under payment gateway 3.0 focussed on small and medium enterprises. “We have always focussed on the merchants and we feel we need to focus on customers as well. With our experience and data we have launched Razorpay trusted badge and Razorpay Buyer Protection where consumers don’t need to worry about payment frauds and transaction failure,” cofounder and CEO Harshil Mathur told Moneycontrol. The Payment Gateway 3.0 was launched at the firm’s annual Razorpay…
Genesis Bank and Fiserv have formed a new partnership aimed at supporting small businesses in low-to-moderate income (LMI) neighborhoods. The collaboration seeks to build economic empowerment and create a positive impact in local communities by providing customized access to Clover from Fiserv, the company said in a Tuesday (Feb. 20) news release. Small businesses in LMI communities served by Genesis Bank in Southern California will now have access to specially designed technology bundles, according to the release. These bundles address the unique challenges faced by these businesses and offer access to select Clover point-of-sale (POS) technology from Fiserv. The entry costs for this technology will be…
Velo has formed partnerships between its Orbit crypto merchant network and leading Point-of-Sales (POS) networks and plans to achieve 500,000 users in Orbit by the end of the year. This is part of Velos goal of marking a leap towards the integration of cryptocurrency in everyday transactions. This enables payments through QR code scans, allowing customers to use cryptocurrencies instead of swiping a card. Orbit, a technology developed by Velo Labs, facilitates a crypto transaction experience for merchants and consumers alike. By partnering with POS networks, Orbit is bridging the gap between traditional retail payment systems and the burgeoning world of…
The Reserve Bank of India (RBI) has granted the payment aggregator (PA) licence to digital payments platform Mswipe Technologies, which joins the likes of Zomato, Decentro, Zoho, Juspay and Razorpayto get the regulator’s nod to offer the service. The licence comes almost two years after the company received an in-principle nod in the middle of 2022. “The payment aggregator licence solidifies the company’s objective to enhance its suite of offerings while delivering secure, efficient, and user-friendly payment technology to banking partners, enterprises, and merchants across categories,” the company said in a statement on February 19. A payment aggregator, or PA, licence allows companies to offer…
Ethereum is set to be one of the names to watch out for in crypto in 2024. Transitioning from an old way of operating (Proof of Work) to a new method called Proof of Stake, or PoS for short, Ethereum is getting a notable update. This makes it more energy-efficient and fair for everyone involved. Investopedia explains that this could be a game-changer for Ethereum’s market worth. Why is PoS Important? The transition of Ethereum to Proof of Stake (PoS) marks a big change. Previously, Ethereum relied on a system known as Proof of Work (PoW) which involved computer competition to…
Times remain tough for bricks and mortar outlets. The fallout from Brexit and Covid continues to result in mass closures of chain stores, while the move to ecommerce, recession and inflation have all had a huge impact on consumer behaviour and spending in retail. Combatting these issues is Point-of-Sales (PoS) technology, which serves as a literal gateway for retailers to ensure steady cash flow, while providing efficient, robust, and innovative ways for store checkouts. The design of PoS solutions can play a major role in leveraging the in-store experience; hence retailers are aiming to improve their speed and security. Digital,…
In a bid to further promote digital payments, the South Central Railway (SCR) has set up Point-Of-Sale (POS) machines and UPI payments at all Passenger Reservation System (PRS) and Unreserved Ticketing System (UTS) counters at all important railway stations. Chief Public Relations Officer of SCR, Ch Rakesh said over 466 POS machines have been made available across the zone. These POS machines facilitate payments through debit or credit cards thereby ensuring effortless and convenient transactions. Passengers can also make payments through various UPI apps which can be downloaded from the app stores. SCR authorities said cashless payments are becoming increasingly popular and the zone is leaving no stone unturned…
Restaurant point-of-sale (POS) systems are a critical part of any restaurant business. They allow restaurant owners to track sales, manage inventory, manage tables and run reports. A good restaurant POS system can make a big difference in a restaurant’s bottom line. There are many different restaurant POS systems, so we’ve done the homework for you. We ranked companies based on factors, such as price, ease of use, features, customer satisfaction and third-party integrations. After assigning scores to each system, Forbes Advisor picked the top five systems to highlight below.
Severe penalties and fines will be imposed on companies that sell cash registers and POS terminals that do not upgrade their software by February 29, the day the deadline expires for businesses to interface POS with cash registers. In the coming days, the relevant amendment will be submitted to Parliament by Minister of National Economy and Finance Kostis Hatzidakis. According to government sources, the sanctions will be tough as some appear to be obstructing the upgrade of the software with the aim of postponing the implementation of the measure of interconnection of cash registers with POS, and some others are…
