Retail Business: 4 Roles of a POS System

June 14, 2022 | 323 views

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Alice POS offers a multitude of advantageous features for retail merchants. These can lead to concrete improvements in store, which can be felt in time gained or even in increased revenue. In this article, we will explore the ways Alice POS can help you do that.


We will section off this article into 4 roles to give you a clear overview of the features:

  • Sales: Optimize Your In-Store Sales
  • Control: Completely Track your Store
  • Growth: Expand your Business
  • Multi-Store: Manage your Franchise Efficiently

Alice POS is a cloud-based point of sale system designed for store networks such as franchises, purchasing groups, and corporate networks. Alice is also an excellent starting point for individual stores looking to gradually scale their operations for future expansion. Alice POS was developed to help increase business revenue while also diminishing the workload of operations.

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POS Solutions

Why Businesses Should Switch to Cloud-based POS System

Article | July 12, 2022

Embrace the future and need of business operations with cloud-based POS systems. Experience unrivaled features such as unparalleled flexibility, scalability, real-time analytics, and more. Introduction Key Reasons for Businesses to Switch to Cloud-based POS System • Accessibility and Mobility • Flexibility and Mobility • Scalability • Improved customer experience • Cost saving Introduction With constant evolution in payment technologies, businesses are constantly looking for innovative ways to streamline their operations and improve their bottom line. As a result, innovative payment solutions are increasingly playing a crucial role in enhancing their transforming and upscaling businesses. One such technology that has revolutionized the way businesses operate is cloud based POS systems. A significant transition from traditional POS systems to cloud based POS systems has been witnessed in recent years. Businesses worldwide are increasingly deploying cloud-based point of sale systems to adapt to emerging payment technologies, improve customer experience, enhance payment security, and others. According to a study by SalesForce, more than 20% of retail businesses currently use a cloud-based POS, and around 29% of businesses plan to deploy it in the coming future. Key Reasons for Businesses to Switch to Cloud based POS System Payment processes are presently propelled by connectivity and technological advancements, which have resulted in a significant impact on the payments industry. Consequently, it has become imperative for businesses to adopt point-of-sale systems powered by agile, cloud-based software to harness the full benefits of modern cutting-edge technology. Deploying a cloud POS system can guarantee optimal customer experience to businesses while remaining aligned with the rapidly evolving technological landscape. Here are the primary reasons why businesses should contemplate the adoption of a cloud based POS system: Real-Time Accessibility In today's fast-paced business environment, the ability to access real-time data is crucial. Cloud based point of sale systems allow businesses to access data from any device with internet access, enabling real-time inventory management, sales tracking, and customer insights. This real-time data accessibility empowers enterprises to make informed decisions, optimize operations, and improve customer experience. Flexibility and Mobility Cloud POS solutions are highly flexible, making it easier for businesses to adapt to changing needs and ecosystems. Leveraging a POS system, businesses can quickly and easily add or remove products, update pricing, and make other changes to their inventory. Furthermore, with the accessibility from any location, these cloud based POS systems enable employees/ staff to work remotely. These capabilities are especially useful for businesses that sell seasonal products, experience fluctuations in demand, or have multiple locations. Scalability With legacy POS systems, businesses need to invest in new hardware to expand their operations, which can be costly and time-consuming. However, cloud-based POS systems offer businesses the flexibility to scale up or down their operations without worrying about upgrading their hardware. In addition, businesses can seamlessly add new locations, products, and users without any hardware upgrades. Improved Customer Experience Cloud based POS systems for retail enable businesses to provide a seamless customer experience by allowing employees to access customer data from any device with an internet connection. This allows businesses to personalize their offerings, offer faster service, and resolve customer complaints quickly. The ability to access real-time data also enables businesses to anticipate customer needs and preferences, allowing them to provide tailored promotions and recommendations. Cost Savings Businesses need to invest in expensive hardware and software, as well as pay for ongoing maintenance and support while using a legacy POS system. Switching to a cloud POS system can result in significant cost savings for businesses. As these POS solutions require minimal hardware and software investments and often come with a low monthly subscription fee, businesses can save on maintenance and support costs, as these are typically included in the subscription fee. Bottom Line A cloud-based POS system with seamless integration offers an extensive business overview and can perform operations much more than accept orders and payments. Not only does it streamline services, but it also provides insightful data and simplifies day-to-day business management, allowing business owners to focus on development. It is evident that combining day-to-day operations with cloud-based POS software is now a critical requirement for businesses. In addition, the technological evolution of these systems in recent years and the possibilities for continuous development have made point-of-sale data, inventory, staff, and payment management much easier for businesses. Since the world is becoming increasingly digital, it is imperative that businesses adapt and adopt cloud based POS systems to remain competitive and relevant. Therefore, businesses should consider the benefits of cloud based POS systems and make the switch to ensure long-term success and growth.

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POS Solutions

Future of Point-of-Sale: Explore Top POS Events for Businesses in 2023

Article | July 28, 2023

Discover cutting-edge innovations, learn about operational efficiencies, and explore ways to enhance customer experiences through modern POS solutions with the most awaited POS events in 2023. As the significance of customer satisfaction, efficient inventory management, and omnichannel experience grew, the adoption of Point-of-Sale (POS) systems has gained significant momentum in the last few years. These advanced systems offer businesses numerous benefits, including enhanced efficiency, real-time data analytics, and seamless integration with other essential operations. With the addition of features, such as time data accessibility, seamless integration with other business operations, enhanced mobility, and automatic software updates, these cloud POS solutions empower businesses to make informed decisions, improve operational efficiency, provide personalized customer experiences, and adapt quickly to changing market demands. To stay at the forefront of this technological revolution and garner the latest insights in the sector, industry professionals and enthusiasts are flocking to various events and conferences dedicated to cloud POS. Here are some of the top payment-related POS conferences for businesses to attend: The Payment & Innovation Forum 2023 November 16-17, 2023 | Budapest (Hungary) The Payment & Innovation Forum 2023 is a premier event that brings together industry leaders, experts, and innovators in the banking and fintech sectors. With a focus on the European Union regulatory landscape, the forum explores the safe and responsible adoption of the latest innovation trends in banking. Speakers, including Javier Santamaría, The Chair of the European Payments Council; Daniela Bobocea, Chief Digital Officer at Digital Banker; and others, will share valuable insights and exchange ideas on the evolving payments landscape. Attendees can expect insightful discussions on topics such as the new era of customer experience, the relationship between fintech and banks, disruptions and digital banking trends, regulation and innovation, instant payment solutions, and the future of EU cybersecurity. Driving the Future of Ecommerce in Asia Pacific October 11-12, 2023 | Marina Bay (Singapore) Driving the Future of Ecommerce in Asia Pacific, eCommerce Expo Asia is back in 2023 for its highly anticipated fourth edition. With an impressive lineup of industry experts, including David Jou, CEO & Co-Founder of Pomelo Fashion; Jay Teo, Head of Point of Sales Business at Shopline; Alexandra Morris, APAC Head of Marketing at BigCommerce; and Jay Jenkins, Global Tech Evangelist at BytePlus, the event will shed light on the latest innovation and highlight game-changing solutions that will propel their ecommerce endeavors forward. Attendees can expect insightful keynote speeches, informative panel discussions, and thought-provoking sessions on the emerging trends and strategies driving the future of ecommerce in the Asia-Pacific region. Advanced E-Commerce & Retail Expo October 25-27, 2023 | Makuhari Messe (Japan) Advanced E-Commerce & Retail Expo is a comprehensive event showcasing a wide range of products and solutions tailored for the retail and ecommerce industries. It focuses on store operations, customer attraction, customer service, and online-offline store connectivity. The POS event presents professionals from various sectors, such as retail, ecommerce, food and service, manufacturing, and management of industries like hotel and leisure, making it a valuable platform to explore cutting-edge solutions that drive business growth. Attendees can expect to connect with industry experts, discover innovative technologies, and gain insights into the latest trends in retail, ecommerce, marketing, logistics, and systems. Los Angeles eCommerce Summit 2024 May 16, 2024 | Los Angeles (California) Los Angeles eCommerce Summit 2024 is a highly anticipated one-day event that brings together a curated group of local eCommerce experts, decision-makers, and industry professionals from the vibrant LA area. The conference is thoughtfully designed to deliver high-impact impressions through panel discussions, presentations, and one-on-one meetings covering a wide range of topics such as eCommerce strategy, marketing, operations, customer experience, payment solutions, shipping logistics, and loyalty programs. With industry leaders and innovators from established retailers and brands as participating speakers, attendees can expect to gain valuable insights, forge meaningful connections, and stay ahead in the ever-evolving eCommerce landscape. Payments Summit February 26-⁠28, 2024 | California (USA) Hosted by Secure Technology Alliance, the 16th annual Payments Summit will be held in conjunction with an Identity Summit, as well as the Winter Member Meeting of the U.S. Payments Forum and Identity Access Forum. Under the theme of ’Smarter Faster Payments,’ the summit showcases renowned keynote speakers Ben Nemtin, no. 1 New York Times bestselling author and Shola Richards, Founder of The Positivity Solution, who will share their invaluable insights on the future of payments. With a focus on enhancing the user experience, improving decision-making, and reinforcing security measures, Smarter Faster Payments is an important industry event for those seeking to stay ahead of the curve and make a meaningful impact in the world of payments. Payments Forum May 6-8, 2024 | Florida (USA) Payments Forum is a premier event where industry experts, leaders, and decision-makers from financial institutions, card issuers, payments processors, merchants, and retailers gather for strategic discussions on revenue growth and product development. This POS event serves as a vital platform for attendees to gain valuable insights into the latest technological advancements, regulatory impacts, and the evolving landscape of consumer behavior. With a focus on innovation, digital transformation, and staying ahead of industry trends, the Payments Forum provides a unique opportunity for professionals to exchange knowledge, explore new options, and drive their organizations toward success in the dynamic payments sector. PAY360 Conference March 19-20, 2024 | London (UK) An essential event, the PAY360 Conference, is where professionals in the payments industry come together to navigate the ever-evolving landscape of the payments ecosystem. With speakers such as Kosta Du, Founder and CEO of Dapio; Charles Damen, Chief Product Officer at Token; and Denise Johansson. Co-CEO and Co-Founder of Enfuce, on the deck, the conference provides a unique platform for networking, collaboration, and knowledge-sharing. Recognizing the growing demand, this POS event has expanded to a larger venue, reflecting its status as the preferred meeting point for forging partnerships, acquiring new customers, and influencing policy. By pushing boundaries and going the extra mile, PAY360 is committed to serving and benefiting the payments community, enabling attendees to stay ahead of the curve and thrive in this dynamic and fast-paced sector. MoneyLIVE Summit March 6-7, 2024 | London (UK) MoneyLIVE Summit, held in the world's FinTech capital, is the premier global event for payments and banking professionals. Bringing together industry leaders at the forefront of their fields, this POS summit serves as the epicenter of ground-breaking partnerships, amplifying innovation, and nurturing the brightest ideas. With five remarkable stages to choose from, attendees can delve into a wide range of topics, including open banking, new revenue models, payments innovation, digital identities, and more. MoneyLIVE Summit provides a unique platform to stay informed, inspired, and connected with the latest trends and advancements shaping the payments and banking landscape, making it an important event for industry professionals seeking to drive success and embrace the future of finance. Smarter Faster Payments 2024 May 6-9, 2024 | Miami (USA) Smarter Faster Payments 2024 is an exceptional industry event that recognizes the transformative power of technology and information in revolutionizing the world of payments. This POS event is dedicated to organizations that are at the forefront of driving innovation, delivering value through groundbreaking solutions and services, and utilizing these advancements to meet their business requirements and engage with customers. With a focus on enhancing the user experience, empowering decision-making processes, and ensuring robust security measures, Smarter Faster Payments offers a unique platform for diverse organizations to come together, share insights, and explore the latest trends and strategies in the payments landscape. Attendees can expect to gain valuable knowledge, establish meaningful connections, and stay ahead of the curve in this dynamic and rapidly evolving industry. CMO in eCommerce Conference - 2023 September 27, 2023 | Online A must-attend event, The CMO in eCommerce Conference - 2023, designed specifically for eCommerce Chief Marketing Officers (CMOs) looking to optimize their online stores and drive business success. This POS conference brings together a panel of experienced eCommerce CMOs who understand the challenges of managing and developing thriving online businesses. With a wealth of knowledge and practical advice to share, these industry experts will provide valuable insights on optimizing store performance, enhancing customer engagement, and boosting sales. Attendees can gain critical insights into the latest trends, platforms, tools, and apps, gaining a competitive edge and making their marketing efforts more effective. The Future of POS The future of Point-of-Sale (POS) is poised for significant transformation through the integration of cloud-based technologies. Attending the top 10 POS conferences in 2023 presents a remarkable opportunity for industry professionals to gain invaluable insights and stay abreast of the latest advancements in this ever-evolving field. These conferences serve as vibrant platforms where retailers, technology providers, and industry enthusiasts can converge, share knowledge, and forge meaningful connections. Attendees can stay ahead of the curve by participating in these events, leveraging the power of cloud-based POS systems to enhance operational efficiency, improve customer experiences, and drive business growth.

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POS Solutions

Cloud POS Development: Key Solution for Modern Payment Problems

Article | June 30, 2022

Contents 1.Introduction 2.POS-related Problems Faced by Modern Retailers 2.1 Security (absence of PCI compliance) 2.2 Insufficient Technical Support 2.3 Network Reliability and Downtime 2.4 Scalability and Flexibility 2.5 No Mobile App Version Option 3 Custom Cloud POS Development: Solving Modern POS Problems 4 TheWays Ahead 1. Introduction With the rapidly changing retail landscape, retailers are constantly looking for effective and innovative ways to provide secure and quick transactions with the ability to monitor and track the sales plan execution. As a result, they are increasingly looking for innovative POS systems, such as mobile app-based POS, with the latest capabilities that can collect data from inventory, customer, and payment sources for making deeper analysis and reporting on the company’s performance. Traditional off-the-shelf POS systems and POS withdrawal networks are not equipped to cover all requirements and needs of the retailers, which causes numerous problems after implementation. Custom cloud POS development allows for reviewing all these problems and risks before deployment, where they consider all the peculiarities and requirements, including POS security and POS network, as a business owner. In addition to the deepening trend of customization, businesses are increasingly focusing on building customized cloud POS development that meets their exact requirements. 2. POS-related Problems Faced by Modern Retailers Retail businesses implement POS software and applications for better data management, inventory management, finance and payments management, sales data analytics, and precise report generation. Every organization chooses a POS system based on its required feature set. However, POS implementation frequently is unable to address all issues that arise in the processes that it is required to resolve. Here are some of the most common POS problems that retailers face: 2.1 Absence of PCI Compliance and Security One of the significant challenges modern retailers face during the implementation of conventional POS systems is the absence of Payment Card Industry (PCI) compliance which hamper POS security. This poses a serious security risk as it leaves retailers vulnerable to potential data breaches and compromises customer payment information. Therefore, ensuring the implementation of robust POS system security measures and complying with PCI standards becomes imperative for businesses and retailers to safeguard sensitive data and maintain customer trust. 2.2 Insufficient Technical Support Another hurdle modern retailers face is the lack of adequate POS technical support during the implementation process. Inadequate support can result in delays, system malfunctions, and difficulties in troubleshooting technical issues. As a result, retailers require prompt assistance to address any technical glitches that may arise, ensuring smooth operations and minimizing disruptions to their business activities. 2.3 Network Reliability and Downtime In a fast-paced retail environment, where transactions must be processed swiftly and seamlessly, any disruptions or slowdowns in the POS network can lead to significant revenue losses and customer dissatisfaction. Retailers heavily rely on a stable POS network connection to ensure real-time inventory updates, accurate pricing, and efficient payment processing. Therefore, any network outages or connectivity issues can hamper the smooth functioning of the POS system and adversely impact the overall business operations. 2.4 Scalability and Flexibility Retail businesses often experience fluctuations in demand, particularly during peak seasons or promotional campaigns. Due to this, they require POS systems that can efficiently handle high transaction volumes and accommodate additional functionalities or integrations as the business grows. However, many retailers encounter challenges when trying to scale their existing POS infrastructure to meet the evolving needs of their business. The lack of scalability and flexibility can hinder their ability to adapt to changing market dynamics and may result in operational inefficiencies and missed growth opportunities. 2.5 No Mobile App Version Option With the increasing adoption of mobile devices and the growing demand for mobile shopping experiences, the absence of a mobile app version for the POS system poses a problem for modern retailers. Not having a mobile POS app version restricts retailers from offering convenient mobile-based transactions and limits their ability to cater to customers' changing preferences. A retailers system enables retailers to enhance customer engagement, improve convenience, and tap into the growing mobile commerce market. 3. Custom Cloud POS Development: Solving Modern POS Problems Custom cloud POS development offers a comprehensive solution to the challenges faced by modern retailers during the implementation of POS systems. It addresses security concerns by incorporating robust measures, including encryption protocols and adherence to PCI compliance standards. Retailers can work closely with experienced developers to ensure the system safeguards sensitive customer payment information, enhancing trust and confidence in their brand.Additionally, custom development provides tailored technical support, allowing retailers to define their specific requirements and receive prompt assistance. This minimizes disruptions and ensures smooth operations throughout the implementation process.Custom cloud POS development enables retailers to choose a reliable system provider, negotiating service-level agreements to guarantee uninterrupted connectivity and fast response times. This also assists retailers in adapting the system to their changing needs and integrating a mobile app based POS system to enhance customer engagement and align with the growing trend of mobile commerce.Retailers can create a seamless mobile experience, enabling customers to make purchases, access loyalty programs, and check inventory conveniently from their mobile devices by collaborating with developers. The adoption of custom cloud POS development assists retailers to optimize their operations, provide a seamless shopping experience, and stay competitive in the ever-evolving retail industry. 4. The Ways Ahead With evolving customer expectations, the demand for personalized experiences and seamless integrations will continue to drive the adoption of custom POS development. The growing integration of advanced technologies such as data analytics, artificial intelligence, and omnichannel capabilities in the cloud POS is further assisting custom cloud POS systems to offer even more sophisticated features and insights, such as enhanced POS security and POS network. On account of this, businesses are able to adapt their POS systems to specific requirements and gain deeper insights into customer behavior, optimize operations, and make data-driven decisions. As custom cloud POS development provide robust POS security measures and compliance with emerging regulations, ensuring the protection of sensitive customer data and mitigating the risk of data breaches, the demand for these modern POS system will significantly increase across the retail industry in the coming years.

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POS Retail

Top 10 Must-Read Point of Sale Books for Businesses to Master Payments

Article | July 11, 2023

Discover top point of sale books and dive into valuable insights, strategies, and industry tactics to optimize payment systems, improve CX, and stay at the forefront of emerging trends in the market. Point of sale (POS) solutions serve as the cornerstone of payment processing, encompassing the technology, processes, and strategies in evolving business landscape today. These solutions are the pivotal intersection where customers and businesses come together to complete purchases, making it a critical component of any business' infrastructure. They enable businesses to streamline sales processes, accurately track inventory, gain valuable insights into customer behavior, and optimize overall efficiency. As businesses strive to optimize payment processes, enhance customer experiences, and safeguard sensitive data, the need for comprehensive resources becomes paramount. The article provides carefully curated point of sale books, offering invaluable insights, strategies, and industry best practices to empower businesses to navigate the intricacies of payment systems confidently. By embracing the wealth of information contained within these must-read POS books, organizations can gain a competitive edge, improve operational efficiency, foster customer loyalty, and unlock the full potential of their payment infrastructure. Design and Implementation of Electronic Payment System Gateway Author – Olayinka Owolabi, Ailya Izhar, Aihab Khan, Malik Sikandar, Wajeeh Javed, and Shiraz Baig A comprehensive book, ‘Design and Implementation of Electronic Payment System Gateway’, provides an overview of the crucial role played by electronic payment system gateways in facilitating secure and efficient transactions. The book addresses the key requirements of both customers and merchants in utilizing a trustworthy and robust gateway for online payments. Recognizing the prevailing skepticism surrounding local online payment systems, the authors, Olayinka Owolabi, Ailya Izhar, Aihab Khan, Malik Sikandar, Wajeeh Javed, and Shiraz Baig, emphasize the need for enhanced security and privacy measures to instill confidence among users. With a focus on meeting diverse needs and ensuring a seamless user experience, this book is an invaluable resource for businesses seeking to navigate the complexities of electronic payment systems and establish a reliable gateway that inspires trust and delivers optimal performance. A Small Business Guide to Understanding Cloud-Based Point of Sale (POS) Systems Author – Keith Christy ‘A Small Business Guide to Understanding Cloud-Based Point of Sale (POS) Systems’ offers a comprehensive resource for business owners seeking to harness the power of cloud-based POS systems for driving growth and enhancing operational efficiency. The POS book, authored by Keith Christy, highlights the inherent advantages of cloud-based solutions, empowering business owners to manage their operations and generate revenue from anywhere in the world. With a focus on leveraging the right applications to optimize business performance, the book provides valuable insights into selecting the ideal POS system by outlining seven crucial questions to ask potential vendors. Additionally, it emphasizes the long-term benefits of cloud-based systems, showcasing how they can effectively engage customers even after they have left the premises and make informed decisions, save time, reduce costs, and unlock the full potential of their POS investment. Payment Gateway Solutions: Everything You Need to Know Author – Anirudh Kataria An indispensable resource tailored for online business owners, ‘Payment Gateway Solutions: Everything You Need to Know,’ provides a comprehensive understanding of payment gateways. With beginners in mind, this book presents a detailed exploration of all essential aspects related to payment gateways. It acknowledges that not everyone possesses expertise in this domain and therefore, provides a concise yet comprehensive summary of payment gateway fundamentals. From core concepts to practical implementation strategies, the author, Anirudh Kataria, offers invaluable insights into the functioning of payment gateways and how they can effectively charge customers in their online businesses. With the knowledge acquired from this resource, readers can confidently navigate the intricacies of payment gateway solutions and make informed decisions for their enterprises. High Risk Merchant Account & Payment Gateway Solutions Author – Anirudh Kataria Authored by renowned industry expert Anirudh Kataria, ‘High Risk Merchant Account & Payment Gateway Solutions’ is an invaluable resource that caters to new entrepreneurs embarking on their business ventures with utmost fidelity. The author intends to provide practical and valuable information to assist readers in comprehending various business strategies and their potential outcomes. This book aims to empower individuals and enhance their confidence in navigating the complexities of establishing a business by sharing personal insights and tricks. With a focus on learning and personal growth, the book comprehensively explains high-risk merchant account establishment and effective payment gateway solutions. By immersing themselves in this vast pool of knowledge, readers can acquire the necessary skills and understanding to overcome barriers and challenges along their entrepreneurial journey. Payment Gateway Secrets Author – Avinash Chandra ‘Payment Gateway Secrets’ is a comprehensive book written specifically for startups, small businesses, and brands seeking guidance in selecting the ideal payment gateway for their eCommerce stores. Acknowledging the challenges entrepreneurs face in making this critical decision, the author, Avinash Chandra, presents a thoughtfully curated list of the top 10 best online payment gateways in India. With a focus on providing valuable insights and recommendations, this book simplifies the process of choosing the most suitable payment gateway. Readers can gain a thorough understanding of their unique features, benefits, and applicability to various business needs. Regardless of whether readers are running startups, small businesses, or established brands, this resource empowers them to navigate the complex landscape of payment gateways and optimize the success of their eCommerce endeavors. Proposed Gateway Architecture for an E-Payment System Author – Ankush Khere, Mayur Patankar, and Klesh Shrirame The book, ‘Proposed Gateway Architecture for an E-Payment System,’ offers a detailed overview of electronic Payment Gateway Architecture, addressing the requirements from both customers and merchants' perspectives. The book identifies the prevalent lack of trust in local online payment gateways due to security concerns and aims to provide a secure electronic payment system that fulfills all requirements while prioritizing security and privacy. The authors, Ankush Khere, Mayur Patankar, and Klesh Shrirame, designed and developed a Proposed Gateway Architecture for E-Payment System with multilevel packet security, instilling trust in customers. Furthermore, the book conducts a comparative evaluation of various e-payment systems available, analyzing their features, advantages, and disadvantages for customers, merchants, e-payment service providers, and financial institutions. Payments Systems in the U.S. - Third Edition: A Guide for the Payments Professional Author – Carol Coye Benson, Scott Loftesness, and Russ Jones A definitive resource, ‘Payments Systems in the U.S. - Third Edition: A Guide for the Payments Professional,’ provides an insightful examination of the various payment systems operating within the United States. The authors, Carol Coye Benson, Scott Loftesness, and Russ Jones, delve into the inner workings of these systems, encompassing cards, checks, Automated Clearing House (ACH), wires, and cash, which facilitate the seamless movement of funds between consumers and enterprises. With the third edition featuring updated information on each system, an additional chapter on payments innovation, and a glossary of industry terminology, readers can stay abreast of the latest developments and enhance their expertise in navigating the dynamic landscape of payment systems in the United States. The Payments Industry: The Complete Beginner's Guide to Payment Systems Author – Nate Seidel ‘The Payments Industry: The Complete Beginner's Guide to Payment Systems’ serves as a fundamental resource that offers a detailed introduction to the realm of payment systems. With a focus on the electronic infrastructure enabling seamless money transfers between bank accounts, the author, Nate Seidel, explores the underlying hardware, software, and communication networks that form the backbone of these systems. The book encompasses a wide range of payment methods, including credit cards, debit cards, and digital wallets and elucidates the essential role played by payment systems as the 'plumbing' for financial transactions. This guide equips beginners with a solid foundation in understanding the payments industry, enabling them to navigate its complexities and make informed decisions in this ever-evolving landscape. Payment Processes for Identity Federations: the SAML-based Payment Approach Author – David J. Lutz Authored by David J. Lutz, ‘Payment Processes for Identity Federations: the SAML-based Payment Approach’ is a definitive resource that provides a complete exploration of payment processes within identity federations, with a specific focus on the Security Assertion Markup Language (SAML)-based payment approach. This authoritative book delves into the unique challenges and considerations involved in integrating payment systems within the framework of identity federations. It also offers valuable insights into how businesses can leverage their existing identity federation infrastructure to enable seamless and secure payment transactions. With a strong emphasis on both the business implications and technical intricacies, this book serves as an indispensable reference for payment professionals, identity federation stakeholders, and individuals seeking a deeper understanding of the intersection between payment processes and identity federations. Trusting Mobile Payment: How The Trust-Factor Forms the Mobile Payment Process Author – Andrea Bauer With extensive expertise and profound industry insights, Andrea Bauer presents a comprehensive exploration of the role of trust in the development and establishment of mobile payment services in the book: Trusting Mobile Payment: How The Trust-Factor Forms the Mobile Payment Process. Bauer delves into the complicated question of trust, examining its precise nature, functions within the realm of technical solutions, and the essential aspects and determinants relevant to mobile payment services. With meticulous analysis, the book offers valuable insights into the complex dynamics between trust and mobile payments, catering to the needs of businesses and stakeholders navigating the evolving landscape of mobile payment systems. It stands as an authoritative resource, equipping industry professionals and researchers with a comprehensive understanding of the interplay between trust and the mobile payment process. Conclusion Mastering payments is an essential endeavor for any business aiming for success in the digital era. Delving into the wealth of knowledge presented in the top 10 must-read point of sale books, individuals can acquire an all-around understanding of payment systems, optimize customer experiences, implement robust security measures, and stay abreast of emerging trends. These POS quick books offer distinct perspectives and practical strategies that can be directly applied to enhance growth, bolster security, and provide exceptional payment experiences within a business. With these invaluable resources in hand, individuals can embark on a transformative journey toward becoming experts in the field of payments.

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Spotlight

Sears Holdings Corporation

Sears Holdings Corporation (NASDAQ: SHLD) is a leading integrated retailer focused on seamlessly connecting the digital and physical shopping experiences to serve our members - wherever, whenever and however they want to shop.

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POS Solutions, Restaurant POS

MarginEdge Redefines Payment Efficiency for Restaurants with New Mobile Bill Payment Offering

PRnewswire | August 16, 2023

MarginEdge, the leading restaurant management and bill payment platform, announced the launch of its mobile bill payment capability, which enables operators to effortlessly settle payments using just their smartphones. This latest addition to their suite of mobile tools represents the culmination of complete operational fluidity – enabling operators to upload, approve, and now pay their invoices on the go. Available and free to every U.S.–based MarginEdge customer, MarginEdge Bill Pay is the first and only payments provider exclusively dedicated to B2B payments within the restaurant industry. "We are witnessing a momentous shift as digital payments revolutionize the way businesses operate," emphasized Bo Davis, CEO of MarginEdge. "At MarginEdge, we are dedicated to ensuring that every restaurant can thrive in this new era. This new capability empowers restaurants to embrace the speed, security and convenience of mobile payments while maintaining complete control over their financial processes." With its ability to quickly digitize invoice line item details, including handwritten adjustments and credits, its 2-3 day payment transmission time to the MarginEdge vendor network of 55,000+ and its robust array of inventory, recipe and reporting capabilities, MarginEdge equips accountants and operators with everything they need in order to run a more profitable restaurant and gain better control over their cash flow. Other Key features and Benefits of MarginEdge Mobile Bill Pay Include: • Free & Unlimited Payments Included: Unlike competing bill payment software, MarginEdge does not charge any additional fees outside of its normal monthly subscription. • Multiple Payment Options: Pay each vendor the way that works best for them. • Cash Flow Management: Set up auto-payments, schedule payments for a future date, or even make partial payments. • Pay Any Vendor Imaginable: Enroll your own vendors in digital payments for faster and more secure transmissions. • Backed by Tier-1 Banks: Payments are processed through the #1 ACH originator in the country. MarginEdge Mobile Bill Pay sets a new standard for payment efficiency, designed just for restaurants – propelling the industry into the future of efficient and effective financial management. "The time it takes calculating bills and organizing payments is time stolen from where operators want to be in their restaurant," said Brandie Coley, MarginEdge Product Manager. "Bill Pay in the mobile app allows operators to take care of bills wherever they are, so they can spend less time in the back office and more time on the floor with their guests." About MarginEdge MarginEdge's mission is to create a world where restaurant operators can focus on the business they love. By using best-in-class technology to eliminate unproductive paperwork and streamline the flow of operational data, MarginEdge is reimagining the back office and freeing restaurants to spend more time on their culinary offerings and guest experiences. The platform offers market-leading invoice processing, inventory management, recipe analysis, budgeting, performance tracking and supplier bill payment capabilities. Founded by industry veterans, MarginEdge serves a diverse group of operators from single units and small chains to large franchise and hospitality groups, providing a high impact product that resonates across the hospitality industry.

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POS Solutions, Cloud Based POS

ParkMobile to Bring Digital Parking Payment Solutions to the University of Arizona Campus

PR News Wire | September 01, 2023

ParkMobile, the leading provider of smart parking and mobility solutions in North America and part of EasyPark Group, is partnering with the University of Arizona to integrate ParkMobile reservations at 13,311 off-street parking spots on-campus. Students and visitors of the university will now be able to reserve and guarantee a parking spot for athletic and other special events via the ParkMobile app or web browser. "As we continue to extend our market presence in the Southwest and inch toward our goal of making cities more livable, we're thrilled to partner with the University of Arizona to bring our app to its campus. With school starting soon, students and visitors of the university will now be able to reserve a guaranteed parking spot," said David Hoyt, managing director of ParkMobile. This year, ParkMobile is prioritizing strategic partnerships with colleges and universities to create a seamless, stress-free experience for students and visitors with a parking payment app that they are already using. ParkMobile serves over 140 colleges and universities, with 608,439 users in Arizona and reach in primary cities in nearby states. Jim Sayre, Executive Director of Parking & Transportation Services, said of the university's partnership with ParkMobile, "We're thrilled to continue to offer innovative delivery of services to our customers. The implementation of the platform will continue to allow our special eventgoers the opportunity to reserve a parking spot ahead of time to make for an improved parking experience." ParkMobile is available for both iPhone and Android devices, and can be accessed on a mobile web browser. To make a parking reservation, users can search for the event venue in the ParkMobile app or web browser, then select the lot where they would like to park in. After the reservation is booked, it can be redeemed at the location using a mobile pass in the ParkMobile app or a printed permit. About ParkMobile ParkMobile, a part of EasyPark Group, is the leading provider of smart parking and mobility solutions in North America, using a contactless approach to help millions of people easily find, reserve, and pay for parking on their mobile devices. ParkMobile’s services have been adopted by over 40 million consumers and are available in more than 3,000 locations, including 39 of the top 100 cities in the U.S. ParkMobile’s services include on- and off-street parking, airport and event reservations, transient reservations, and municipal parking permit solutions. ParkMobile serves over 500 cities, 150 events and venues, 150 universities, and 20 airports with on-demand, permit, and reservations parking solutions.

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POS Solutions, POS Retail

InComm Payments Acquires Zenda, Developer of AI-Powered HSA and FSA Solutions for Employee Benefit Programs

PRnewswire | August 09, 2023

InComm Payments, a leading payments technology company, today announced its acquisition of Zenda, a developer of employee health and benefits solutions known for its innovative health savings account (HSA) and flexible spending account (FSA) platform. Strengthening InComm Payments' position as a leader in the healthcare payments industry, the acquisition marks the company's first expansion into the employer health benefits category with unique HSA and FSA solutions that leverage artificial intelligence (AI) to automate Internal Revenue Service (IRS) rules and streamline account management. "Zenda stands out for their commitment to simplifying HSAs and FSAs for both businesses and their employees," said Brian Parlotto, Executive Vice President at InComm Payments. "This closely aligns with the mission of our InComm Healthcare business unit, which streamlines supplemental benefits management for health plans and their members. Together, we look forward to helping more people better manage their health expenses and livelihoods." Zenda's self-driving HSA and FSA solutions automate tasks such as expense-tracking and record-keeping to maximize value for employees, whether they use an account for spending or investing. Through Zenda's native mobile apps or web portal, account holders can access automatically generated receipts as well as guidance on making contributions and withdrawals. Finally, Zenda provides built-in expert tax-saving strategies that help users avoid missing tax deductions, which ultimately leads to higher tax savings and satisfaction. "Companies tell us that employees underutilize their HSA benefits because they are too complicated to properly manage despite education," said Waqar Hasan, Co-Founder and CEO of Zenda. "We make it easy for companies and employees to save more money by offering a much-needed alternative to legacy products that dominate the market today. We are excited to join the InComm Payments team and bring our self-driving HSA and FSA platform to more businesses and families across the country." Zenda's use of automation extends to a unified debit card, which is connected to an HSA or FSA account plus an everyday checking account. As employees make payments with the card, Zenda's platform automatically detects and routes medical expenses to the HSA or FSA, while non-eligible purchases are charged to the everyday account. This ensures employees do not miss eligible transactions, making it easier for them to manage their health and budget. The HSA and FSA solutions strengthen the healthcare payments and technology solutions offered by InComm Payments and its InComm Healthcare business unit, such as the Dual Network Benefit Card™, which gives Medicare and Medicaid health plans the ability to easily add more than one supplemental benefit, reward or healthy foods program to a single member card. The product enables cardholders to use employer or health plan-sponsored funds to purchase eligible products at more than 66,000 retail locations participating in the company's over-the-counter (OTC) Network®. About InComm Payments InComm Payments is an innovative global payments technology provider. Leveraging dynamic technology and proven expertise, InComm Payments delivers enhanced end-to-end payment platforms and emerging financial technology solutions through a single integration, helping businesses grow across a wide range of industries including retail, healthcare, tolling & transit, incentives, mobile payments, digital currencies and financial services. By enabling omnichannel connections and alternative payment options to an ever-expanding consumer base in an increasingly digital ecosystem, InComm Payments creates seamless and valuable commerce experiences across the globe. With three decades of experience, over 525,000 points of retail and online distribution, 412 global patents and a presence in more than 40 countries, InComm Payments leads the payments industry from its headquarters in Atlanta, Ga. About Zenda Zenda has introduced the industry's first self-driving health spending account platform, designed from the ground up to improve employee experience, put more money in employees' pockets and make program administration easy. Zenda's platform features unique capabilities such as automatically finding missed expenses, automated true up of contributions and optimized tax savings focused on HSA investors. Zenda's proprietary technology encompasses a core platform, web and mobile employee applications, and a smart debit card. Zenda is based in Palo Alto, CA.

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POS Solutions, Restaurant POS

MarginEdge Redefines Payment Efficiency for Restaurants with New Mobile Bill Payment Offering

PRnewswire | August 16, 2023

MarginEdge, the leading restaurant management and bill payment platform, announced the launch of its mobile bill payment capability, which enables operators to effortlessly settle payments using just their smartphones. This latest addition to their suite of mobile tools represents the culmination of complete operational fluidity – enabling operators to upload, approve, and now pay their invoices on the go. Available and free to every U.S.–based MarginEdge customer, MarginEdge Bill Pay is the first and only payments provider exclusively dedicated to B2B payments within the restaurant industry. "We are witnessing a momentous shift as digital payments revolutionize the way businesses operate," emphasized Bo Davis, CEO of MarginEdge. "At MarginEdge, we are dedicated to ensuring that every restaurant can thrive in this new era. This new capability empowers restaurants to embrace the speed, security and convenience of mobile payments while maintaining complete control over their financial processes." With its ability to quickly digitize invoice line item details, including handwritten adjustments and credits, its 2-3 day payment transmission time to the MarginEdge vendor network of 55,000+ and its robust array of inventory, recipe and reporting capabilities, MarginEdge equips accountants and operators with everything they need in order to run a more profitable restaurant and gain better control over their cash flow. Other Key features and Benefits of MarginEdge Mobile Bill Pay Include: • Free & Unlimited Payments Included: Unlike competing bill payment software, MarginEdge does not charge any additional fees outside of its normal monthly subscription. • Multiple Payment Options: Pay each vendor the way that works best for them. • Cash Flow Management: Set up auto-payments, schedule payments for a future date, or even make partial payments. • Pay Any Vendor Imaginable: Enroll your own vendors in digital payments for faster and more secure transmissions. • Backed by Tier-1 Banks: Payments are processed through the #1 ACH originator in the country. MarginEdge Mobile Bill Pay sets a new standard for payment efficiency, designed just for restaurants – propelling the industry into the future of efficient and effective financial management. "The time it takes calculating bills and organizing payments is time stolen from where operators want to be in their restaurant," said Brandie Coley, MarginEdge Product Manager. "Bill Pay in the mobile app allows operators to take care of bills wherever they are, so they can spend less time in the back office and more time on the floor with their guests." About MarginEdge MarginEdge's mission is to create a world where restaurant operators can focus on the business they love. By using best-in-class technology to eliminate unproductive paperwork and streamline the flow of operational data, MarginEdge is reimagining the back office and freeing restaurants to spend more time on their culinary offerings and guest experiences. The platform offers market-leading invoice processing, inventory management, recipe analysis, budgeting, performance tracking and supplier bill payment capabilities. Founded by industry veterans, MarginEdge serves a diverse group of operators from single units and small chains to large franchise and hospitality groups, providing a high impact product that resonates across the hospitality industry.

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POS Solutions, Cloud Based POS

ParkMobile to Bring Digital Parking Payment Solutions to the University of Arizona Campus

PR News Wire | September 01, 2023

ParkMobile, the leading provider of smart parking and mobility solutions in North America and part of EasyPark Group, is partnering with the University of Arizona to integrate ParkMobile reservations at 13,311 off-street parking spots on-campus. Students and visitors of the university will now be able to reserve and guarantee a parking spot for athletic and other special events via the ParkMobile app or web browser. "As we continue to extend our market presence in the Southwest and inch toward our goal of making cities more livable, we're thrilled to partner with the University of Arizona to bring our app to its campus. With school starting soon, students and visitors of the university will now be able to reserve a guaranteed parking spot," said David Hoyt, managing director of ParkMobile. This year, ParkMobile is prioritizing strategic partnerships with colleges and universities to create a seamless, stress-free experience for students and visitors with a parking payment app that they are already using. ParkMobile serves over 140 colleges and universities, with 608,439 users in Arizona and reach in primary cities in nearby states. Jim Sayre, Executive Director of Parking & Transportation Services, said of the university's partnership with ParkMobile, "We're thrilled to continue to offer innovative delivery of services to our customers. The implementation of the platform will continue to allow our special eventgoers the opportunity to reserve a parking spot ahead of time to make for an improved parking experience." ParkMobile is available for both iPhone and Android devices, and can be accessed on a mobile web browser. To make a parking reservation, users can search for the event venue in the ParkMobile app or web browser, then select the lot where they would like to park in. After the reservation is booked, it can be redeemed at the location using a mobile pass in the ParkMobile app or a printed permit. About ParkMobile ParkMobile, a part of EasyPark Group, is the leading provider of smart parking and mobility solutions in North America, using a contactless approach to help millions of people easily find, reserve, and pay for parking on their mobile devices. ParkMobile’s services have been adopted by over 40 million consumers and are available in more than 3,000 locations, including 39 of the top 100 cities in the U.S. ParkMobile’s services include on- and off-street parking, airport and event reservations, transient reservations, and municipal parking permit solutions. ParkMobile serves over 500 cities, 150 events and venues, 150 universities, and 20 airports with on-demand, permit, and reservations parking solutions.

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POS Solutions, POS Retail

InComm Payments Acquires Zenda, Developer of AI-Powered HSA and FSA Solutions for Employee Benefit Programs

PRnewswire | August 09, 2023

InComm Payments, a leading payments technology company, today announced its acquisition of Zenda, a developer of employee health and benefits solutions known for its innovative health savings account (HSA) and flexible spending account (FSA) platform. Strengthening InComm Payments' position as a leader in the healthcare payments industry, the acquisition marks the company's first expansion into the employer health benefits category with unique HSA and FSA solutions that leverage artificial intelligence (AI) to automate Internal Revenue Service (IRS) rules and streamline account management. "Zenda stands out for their commitment to simplifying HSAs and FSAs for both businesses and their employees," said Brian Parlotto, Executive Vice President at InComm Payments. "This closely aligns with the mission of our InComm Healthcare business unit, which streamlines supplemental benefits management for health plans and their members. Together, we look forward to helping more people better manage their health expenses and livelihoods." Zenda's self-driving HSA and FSA solutions automate tasks such as expense-tracking and record-keeping to maximize value for employees, whether they use an account for spending or investing. Through Zenda's native mobile apps or web portal, account holders can access automatically generated receipts as well as guidance on making contributions and withdrawals. Finally, Zenda provides built-in expert tax-saving strategies that help users avoid missing tax deductions, which ultimately leads to higher tax savings and satisfaction. "Companies tell us that employees underutilize their HSA benefits because they are too complicated to properly manage despite education," said Waqar Hasan, Co-Founder and CEO of Zenda. "We make it easy for companies and employees to save more money by offering a much-needed alternative to legacy products that dominate the market today. We are excited to join the InComm Payments team and bring our self-driving HSA and FSA platform to more businesses and families across the country." Zenda's use of automation extends to a unified debit card, which is connected to an HSA or FSA account plus an everyday checking account. As employees make payments with the card, Zenda's platform automatically detects and routes medical expenses to the HSA or FSA, while non-eligible purchases are charged to the everyday account. This ensures employees do not miss eligible transactions, making it easier for them to manage their health and budget. The HSA and FSA solutions strengthen the healthcare payments and technology solutions offered by InComm Payments and its InComm Healthcare business unit, such as the Dual Network Benefit Card™, which gives Medicare and Medicaid health plans the ability to easily add more than one supplemental benefit, reward or healthy foods program to a single member card. The product enables cardholders to use employer or health plan-sponsored funds to purchase eligible products at more than 66,000 retail locations participating in the company's over-the-counter (OTC) Network®. About InComm Payments InComm Payments is an innovative global payments technology provider. Leveraging dynamic technology and proven expertise, InComm Payments delivers enhanced end-to-end payment platforms and emerging financial technology solutions through a single integration, helping businesses grow across a wide range of industries including retail, healthcare, tolling & transit, incentives, mobile payments, digital currencies and financial services. By enabling omnichannel connections and alternative payment options to an ever-expanding consumer base in an increasingly digital ecosystem, InComm Payments creates seamless and valuable commerce experiences across the globe. With three decades of experience, over 525,000 points of retail and online distribution, 412 global patents and a presence in more than 40 countries, InComm Payments leads the payments industry from its headquarters in Atlanta, Ga. About Zenda Zenda has introduced the industry's first self-driving health spending account platform, designed from the ground up to improve employee experience, put more money in employees' pockets and make program administration easy. Zenda's platform features unique capabilities such as automatically finding missed expenses, automated true up of contributions and optimized tax savings focused on HSA investors. Zenda's proprietary technology encompasses a core platform, web and mobile employee applications, and a smart debit card. Zenda is based in Palo Alto, CA.

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