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Why You Should Acquire a Cloud-Based Point of Sale System

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"Digital is a very busy ecosystem, so nail first what you are trying to achieve, who you are trying to engage with and what you want to convey."

- Yolanda Valery, Head of Digital Engagement at Ocado Group.

In this age of networked businesses, connectivity and technological advancements impact the payment system. POS systems may sound familiar to retailers. However, you may also be aware of the term "cloud computing," which has garnered much attention in modern technology. Consequently, you must combine POS technology with cloud technologies. It is also advantageous for brick-and-mortar businesses that wish to construct a neater, more contemporary register and reduce wait times by collecting payments from many locations. Investigating and making the switch to a point-of-sale (POS) system that is hosted in the cloud is something that businesses ought to do for a number of different reasons. Let's take a quick look at them in-depth.


Reasons to Shift to Cloud-Based POS System:

According to Cloud POS Market Statistics 2028, the worldwide cloud POS market was valued at $2.24 billion in 2020 and is expected to reach $13.24 billion by 2028, growing at a CAGR of 24.5 percent from 2020 to 2028.


Robust Security

Security is one incentive to using cloud-based POS, which reduces risk. Possessing a POS system may considerably reduce all types of danger. If you've selected cloud-based POS software, your data is in good hands with tight security standards and automated backup and synchronization through a remote server.

Without sensitive cardholder data to steal, SMBs can dramatically lower the likelihood of a data breach. Cloud-based POS systems play a crucial part in ensuring that SMBs provide their clients with the most significant payment experience possible.


Better Remote Control of Your Operations

Cloud-based POS software helps you better handle your operations remotely by allowing you to monitor the performance of your various departments while you are absent. This enables you to respond quickly to any potential difficulties.

You can manage your business and obtain essential information from anywhere. Your POS terminals will communicate information in real-time, allowing them to stay flawlessly connected even if you have different retail locations.


Cost Reduction

Profitability and expenditure management should be your top concerns when selecting a POS software solution for your firm. The project becomes lucrative immediately by choosing a POS system, particularly a cloud-based one. The initial expenditure is small, and the software vendor assumes most of the IT administration responsibilities. Most cloud-based point-of-sale systems are offered as SaaS models with no upfront charges and cheap monthly fees. In addition to decreasing labor expenses, these solutions improve worker utilization.


Cloud POS Mobility

The use of cloud-based POS software increases your mobility and adaptability. It is compatible with many desktops and mobile internet-connected devices. With 24/7 access to all system reports, you can manage your business from around the globe. Your employees may accept credit card payments and email receipts to customers at any moment.


Seamless Integration

Last but not least, cloud POS systems may be coupled with various other methods, including accounting, buying, and inventory management systems. Cloud-based point-of-sale (POS) systems that enable simple integration and scalability are necessary for SMBs in a rapidly changing business environment.

Integration with several other systems will further simplify the operations of your retail business and increase sales.


Bottom line:

It is evident that cloud-based POS systems are essential for SMBs and a precondition for integrating them into your daily operations. The reasons for using cloud-based POS software are innumerable; we have only enumerated a handful. Therefore, consider cloud-based POS if you have decided to move to a POS system.

Spotlight

Big 5 Sporting Goods

Big 5 Sporting Goods is one of America's top retailers of name brand sporting goods and accessories. Operating over 430 stores in 11 western states, Big 5 provides a full-line product offering in a traditional sporting goods store format that averages approximately 11,000 square feet. Big 5's product mix includes athletic shoes, apparel and accessories, as well as a broad selection of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, and seasonal sports.

OTHER ARTICLES
POS Solutions, Cloud Based POS

Future-Proofing Businesses: Key Emerging Cloud POS Trends to Watch

Article | July 12, 2022

Delve into key trends in cloud POS technologies and understand how these payment technology trends enhances customer experiences, transactional security, and improve enterprises positioning. Introduction The retail and hospitality industries have seen an exceptional transformation in recent years, driven by shifting consumer expectations and accelerated technological advancements, where the adoption of cloud Point of Sale (cloud POS) systems has emerged as one of the most transformative innovations. These advanced cloud-based solutions are revolutionizing the ways in which businesses manage sales, inventory, and consumer interactions. The adoption of cloud POS technology is no longer a choice but a strategic imperative for businesses, especially in the retail and hospitality sectors. The convergence of mobility, enhanced security, data-driven insights, sustainability, and omni-channel capabilities makes cloud POS systems an indispensable tool for success in a rapidly evolving business space. From Cash Registers to Cloud: The Future of POS Trends for Businesses In an era distinguished by technological advancement and rapidly changing consumer expectations, businesses across numerous industries must deliver a seamless customer experience to remain ahead of the curve. As cloud point of sale technology offers numerous advantages to businesses, such as increased flexibility, accessibility, security, integration capabilities, cost-effectiveness, and disaster recovery, the incorporation of these advanced payment solutions has become imperative. Cloud based POS solutions provide an undeniable competitive advantage, and businesses must not only install them but also maintain an acute awareness of the most significant trends in this space. Here are some critical emerging cloud POS trends to keep an eye on in order to future-proof the company: Inclination Towards Mobility and Tablet-Based Solutions As businesses increasingly employ tablet-basedcloud POSsystems, the conventional idea of static, fixed-point cash registers are becoming obsolete. These solutions enable sales staff to complete transactions and provide assistance to customers throughout the store, introducing a new level of adaptability and productivity. By embracing mobility and tablet-based POS solutions, businesses not only lower wait times and improve customer experience but also streamline their processes, allowing them to respond more effectively to the changing needs of the modern marketplace. With the adoption of this trend, businesses gain a competitive advantage by refining their operations and aligning themselves with the requirements of modern consumers who value both convenience and customization. Emphasis on POS Integration Capabilities With a growing emphasis on customer data, behavior analysis, and inventory data, the integrations between cloud based POS systems and mission-critical software applications, such as e-commerce platforms, inventory management, accounting, and customer relationship management (CRM) systems, are on the rise. This trend enables businesses to dismantle data centers and create a unified ecosystem in which information flows seamlessly between all operational aspects. By keeping apprised of these integration features, businesses can lower manual data entry, eliminate errors, and obtain a broad view of their data, enabling them to make more informed decisions and enhance their overall efficiency and productivity. With this, integration has emerged as an imperative strategy for businesses seeking to flourish in a market that is becoming increasingly competitive. Rise of Omni-Channel Commerce Modern consumers expect an effortless buying experience irrespective of whether they are interacting with a business online or in person.Cloud-based POSsystems are evolving to meet these demands by integrating with e-commerce platforms, enabling consistent pricing and promotions as well as offering real-time inventory visibility across all channels. This allows businesses to provide services such as ship-from-store, returns and exchanges across channels, and buy-online-pick-up-in-store (BOPIS), which offers customers a convenient and seamless shopping journey. The rise of omnichannel commerce is more than just a trend; it is an emerging need for organizations trying to remain competitive and create consistent, outstanding experiences across all touchpoints, eventually increasing consumer pleasure and loyalty. Surge in Data-Driven Insights and AI As the demand for better customer experience continues to grow, payment technologies such as cloudPOS systemsare no longer just used for transactional applications but are also used for robust data analysis and decision-making. Using the vast quantities of data generated by cloud POS software, businesses can now obtain valuable insights into sales trends, customer behavior, and inventory management. Furthermore, the integration of AI enhances these systems by predictive inventory forecasting, resulting in facilitating advanced analytics and creating personalized marketing campaigns. In an increasingly data-centric business environment, businesses are thus focusing on adopting this cloud POS trend to make data-driven decisions that optimize their operations, improve customer experiences, and maintain a competitive edge. Personalized In-store Shopping Experiences The trend toward personalized in-store purchasing experiences represents a fundamental change in how businesses interact with their customers. This trend is a response to consumers' changing expectations, who want more than just transactions and seek meaningful interaction. Cloud based POS solutions are at the forefront of this innovation, allowing businesses to access real-time customer profiles, purchase histories, and preferences. Leveraging this information, salespersons can deliver customized product suggestions, personalized promotions, and a level of service that resonates with each customer's specific wants and aspirations. This not only assists businesses to improve the in-store shopping experience but also fosters brand loyalty and encourages repeat business, positioning them for long-term success in a customer-centric world. Bottom Lines Cloud-based systems provide enterprises with the adaptability, security, and integration capabilities necessary to remain competitive and meet evolving consumer expectations. From improved safety and advanced analytics to omni-channel commerce and sustainable practices, thesefuture trendsprovide a road map for businesses seeking success in the digital age. By staying abreast of these key cloud POS trends, businesses can position themselves as agile, innovative, and customer-focused. This proactive strategy ensures that they are not only keeping up with change but actively influencing their future in a competitive market. As a result, the adoption of cloud POS technology is no longer a choice but a strategic imperative for businesses across various sectors. The convergence of mobility, enhanced security, data-driven insights, sustainability, and omni-channel capabilities makes cloud POS systems an indispensable tool for success in a rapidly evolving customer-centric space. By embracing these key trends, businesses can deliver exceptional customer experiences and drive growth in an increasingly competitive marketplace.

Read More
Cloud Based POS

Retail ,Wholesale Trade,Ecommerce,Retail,E-commerce,point of sale.

Article | September 7, 2023

Last July, a small group representing the giants of the tech industry gathered in the seat of US government, Washington DC. They probably didn’t want to be there. Congress had summoned their employers Apple, Facebook, Google, and Amazon to answer questions about the command they hold over the markets they operate in. On Amazon’s behalf, associate general counsel Nate Sutton spoke in defense of his employer’s role in US retail. Throughout, he argued that Amazon isn’t so powerful as to be able to control prices and stifle competition. Amazon, he pointed out, makes up less than 1% of retail globally. In the US, it accounts for around 4% of retail. In fact, Walmart is much larger than Amazon, he said. In terms of sales, Sutton is right. Walmart reported $510 billion in total sales across its US and international segments in the 2019 fiscal year, versus Amazon’s $233 billion in roughly the same period.

Read More
POS Solutions, Cloud Based POS

How SMEs can emulate the success of Amazon through ecommerce personalization

Article | July 14, 2022

Whatever your feelings are towards Amazon, there is no denying that they have revolutionised ecommerce and now set the bar for the personalised experience of users when it comes to online shopping. So much so that it was recently reported that they have more than a 30% share of the UK’s ecommerce market. With statistics like this, it may feel like it is impossible to compete, especially as Amazon has huge tech and marketing budgets at its disposal. However, all is not lost. It is possible for SMEs to learn from the forerunner and implement some of their most successful techniques, with regards to their use of ecommerce personalisation and AI, to increase sales cost effectively.

Read More

How Retailers Can Utilize In-Store Digital Signage

Article | February 10, 2020

Consumer attention is shifting. Brick-and-mortar stores must now compete with e-retailers as customers spend more time online, thanks to targeted ads and personalized deals. As noted by Digital eCommerce, online sales rose almost 18 percent last year to $3.46 trillion worldwide and are on track to top $892 billion across the U.S. in less than two years. This shift has alerted most brands to the need for a retail evolution to ensure ongoing success. With e-commerce sales still accounting for just under 10 percent of retail revenues, businesses have an opportunity to boost sales and raise their brand profile — if they can reliably capture consumer interest. One solution: effective and engaging digital signage. Retailers Can Capture Crucial In-Store Moments To capture attention and drive conversion, businesses must capitalize on what Google calls micro-moments, when customers leverage their mobile devices to discover more information, find a price or pinpoint a vendor online.

Read More
POS Solutions, Cloud Based POS

Point-of-Sale Systems to Emerge as a Necessity for Modern Retailers

Article | July 12, 2022

Delve into key trends in cloud POS technologies and understand how these payment technology trends enhances customer experiences, transactional security, and improve enterprises positioning. Introduction The retail and hospitality industries have seen an exceptional transformation in recent years, driven by shifting consumer expectations and accelerated technological advancements, where the adoption of cloud Point of Sale (cloud POS) systems has emerged as one of the most transformative innovations. These advanced cloud-based solutions are revolutionizing the ways in which businesses manage sales, inventory, and consumer interactions. The adoption of cloud POS technology is no longer a choice but a strategic imperative for businesses, especially in the retail and hospitality sectors. The convergence of mobility, enhanced security, data-driven insights, sustainability, and omni-channel capabilities makes cloud POS systems an indispensable tool for success in a rapidly evolving business space. From Cash Registers to Cloud: The Future of POS Trends for Businesses In an era distinguished by technological advancement and rapidly changing consumer expectations, businesses across numerous industries must deliver a seamless customer experience to remain ahead of the curve. As cloud point of sale technology offers numerous advantages to businesses, such as increased flexibility, accessibility, security, integration capabilities, cost-effectiveness, and disaster recovery, the incorporation of these advanced payment solutions has become imperative. Cloud based POS solutions provide an undeniable competitive advantage, and businesses must not only install them but also maintain an acute awareness of the most significant trends in this space. Here are some critical emerging cloud POS trends to keep an eye on in order to future-proof the company: Inclination Towards Mobility and Tablet-Based Solutions As businesses increasingly employ tablet-basedcloud POSsystems, the conventional idea of static, fixed-point cash registers are becoming obsolete. These solutions enable sales staff to complete transactions and provide assistance to customers throughout the store, introducing a new level of adaptability and productivity. By embracing mobility and tablet-based POS solutions, businesses not only lower wait times and improve customer experience but also streamline their processes, allowing them to respond more effectively to the changing needs of the modern marketplace. With the adoption of this trend, businesses gain a competitive advantage by refining their operations and aligning themselves with the requirements of modern consumers who value both convenience and customization. Emphasis on POS Integration Capabilities With a growing emphasis on customer data, behavior analysis, and inventory data, the integrations between cloud based POS systems and mission-critical software applications, such as e-commerce platforms, inventory management, accounting, and customer relationship management (CRM) systems, are on the rise. This trend enables businesses to dismantle data centers and create a unified ecosystem in which information flows seamlessly between all operational aspects. By keeping apprised of these integration features, businesses can lower manual data entry, eliminate errors, and obtain a broad view of their data, enabling them to make more informed decisions and enhance their overall efficiency and productivity. With this, integration has emerged as an imperative strategy for businesses seeking to flourish in a market that is becoming increasingly competitive. Rise of Omni-Channel Commerce Modern consumers expect an effortless buying experience irrespective of whether they are interacting with a business online or in person.Cloud-based POSsystems are evolving to meet these demands by integrating with e-commerce platforms, enabling consistent pricing and promotions as well as offering real-time inventory visibility across all channels. This allows businesses to provide services such as ship-from-store, returns and exchanges across channels, and buy-online-pick-up-in-store (BOPIS), which offers customers a convenient and seamless shopping journey. The rise of omnichannel commerce is more than just a trend; it is an emerging need for organizations trying to remain competitive and create consistent, outstanding experiences across all touchpoints, eventually increasing consumer pleasure and loyalty. Surge in Data-Driven Insights and AI As the demand for better customer experience continues to grow, payment technologies such as cloudPOS systemsare no longer just used for transactional applications but are also used for robust data analysis and decision-making. Using the vast quantities of data generated by cloud POS software, businesses can now obtain valuable insights into sales trends, customer behavior, and inventory management. Furthermore, the integration of AI enhances these systems by predictive inventory forecasting, resulting in facilitating advanced analytics and creating personalized marketing campaigns. In an increasingly data-centric business environment, businesses are thus focusing on adopting this cloud POS trend to make data-driven decisions that optimize their operations, improve customer experiences, and maintain a competitive edge. Personalized In-store Shopping Experiences The trend toward personalized in-store purchasing experiences represents a fundamental change in how businesses interact with their customers. This trend is a response to consumers' changing expectations, who want more than just transactions and seek meaningful interaction. Cloud based POS solutions are at the forefront of this innovation, allowing businesses to access real-time customer profiles, purchase histories, and preferences. Leveraging this information, salespersons can deliver customized product suggestions, personalized promotions, and a level of service that resonates with each customer's specific wants and aspirations. This not only assists businesses to improve the in-store shopping experience but also fosters brand loyalty and encourages repeat business, positioning them for long-term success in a customer-centric world. Bottom Lines Cloud-based systems provide enterprises with the adaptability, security, and integration capabilities necessary to remain competitive and meet evolving consumer expectations. From improved safety and advanced analytics to omni-channel commerce and sustainable practices, thesefuture trendsprovide a road map for businesses seeking success in the digital age. By staying abreast of these key cloud POS trends, businesses can position themselves as agile, innovative, and customer-focused. This proactive strategy ensures that they are not only keeping up with change but actively influencing their future in a competitive market. As a result, the adoption of cloud POS technology is no longer a choice but a strategic imperative for businesses across various sectors. The convergence of mobility, enhanced security, data-driven insights, sustainability, and omni-channel capabilities makes cloud POS systems an indispensable tool for success in a rapidly evolving customer-centric space. By embracing these key trends, businesses can deliver exceptional customer experiences and drive growth in an increasingly competitive marketplace.

Read More
Cloud Based POS

Elevating Payment Experiences: Unmasking Top 15 POS Solution Providers

Article | September 7, 2023

Last July, a small group representing the giants of the tech industry gathered in the seat of US government, Washington DC. They probably didn’t want to be there. Congress had summoned their employers Apple, Facebook, Google, and Amazon to answer questions about the command they hold over the markets they operate in. On Amazon’s behalf, associate general counsel Nate Sutton spoke in defense of his employer’s role in US retail. Throughout, he argued that Amazon isn’t so powerful as to be able to control prices and stifle competition. Amazon, he pointed out, makes up less than 1% of retail globally. In the US, it accounts for around 4% of retail. In fact, Walmart is much larger than Amazon, he said. In terms of sales, Sutton is right. Walmart reported $510 billion in total sales across its US and international segments in the 2019 fiscal year, versus Amazon’s $233 billion in roughly the same period.

Read More
POS Solutions, Cloud Based POS

Cloud POS Solutions Reshaping Operations in the Retail Sector

Article | July 14, 2022

Whatever your feelings are towards Amazon, there is no denying that they have revolutionised ecommerce and now set the bar for the personalised experience of users when it comes to online shopping. So much so that it was recently reported that they have more than a 30% share of the UK’s ecommerce market. With statistics like this, it may feel like it is impossible to compete, especially as Amazon has huge tech and marketing budgets at its disposal. However, all is not lost. It is possible for SMEs to learn from the forerunner and implement some of their most successful techniques, with regards to their use of ecommerce personalisation and AI, to increase sales cost effectively.

Read More

How Retailers Can Utilize In-Store Digital Signage

Article | February 10, 2020

Consumer attention is shifting. Brick-and-mortar stores must now compete with e-retailers as customers spend more time online, thanks to targeted ads and personalized deals. As noted by Digital eCommerce, online sales rose almost 18 percent last year to $3.46 trillion worldwide and are on track to top $892 billion across the U.S. in less than two years. This shift has alerted most brands to the need for a retail evolution to ensure ongoing success. With e-commerce sales still accounting for just under 10 percent of retail revenues, businesses have an opportunity to boost sales and raise their brand profile — if they can reliably capture consumer interest. One solution: effective and engaging digital signage. Retailers Can Capture Crucial In-Store Moments To capture attention and drive conversion, businesses must capitalize on what Google calls micro-moments, when customers leverage their mobile devices to discover more information, find a price or pinpoint a vendor online.

Read More
MORE ARTICLES

Spotlight

Big 5 Sporting Goods

Big 5 Sporting Goods is one of America's top retailers of name brand sporting goods and accessories. Operating over 430 stores in 11 western states, Big 5 provides a full-line product offering in a traditional sporting goods store format that averages approximately 11,000 square feet. Big 5's product mix includes athletic shoes, apparel and accessories, as well as a broad selection of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, and seasonal sports.

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POS Solutions

New MeridianLink Mortgage Access Point-of-Sale Solution Provides Lenders With a Seamless Digital Mortgage Application Experience

Business Wire | October 17, 2023

MeridianLink, Inc., a leading provider of modern software platforms for financial institutions and consumer reporting agencies, today announced its new point-of-sale (POS) solution for MeridianLink® Mortgage as part of the MeridianLink® One platform. MeridianLink® Mortgage Access meets borrowers’ demands for a more frictionless digital lending and account opening experience. The highly configurable POS solution for mortgage origination looks to assist financial institutions to slash their application and approval times for consumers. Additionally, the product further strengthens MeridianLink’s innovative SaaS-based mortgage loan origination system by seeking to enhance the borrower’s experience and significantly increase efficiencies. “In today’s economy, borrowers expect to be engaged in their financial experience, whether it’s checking their account balance, transferring money, or originating a mortgage,” said JP Kelly, SVP of Mortgage at MeridianLink. “Mortgage Access functions to make it easy for borrowers to buy or refinance their loans, reduce the friction in the mortgage experience, and decrease turnaround times. In doing so, these efforts will create a smoother process for consumers.” The Mortgage Access launch comes at a time when American consumers expect an increased level of support from their financial institutions. A recent study conducted by MeridianLink discovered that one third of Americans (31%) feel less confident in their ability to afford a home compared to five years ago, and 41% of respondents believed their financial institution did not provide them with sufficient mortgage lending support. The launch of Mortgage Access adds to MeridianLink Mortgage, the Company’s mortgage loan origination system (LOS) with a natively built product and pricing engine and automated underwriting. Other features of the LOS include the capability for financial institutions to customize user interfaces and automate workflows, manage electronic document packages, and access hundreds of partner integrations. The Mortgage Access product completes MeridianLink’s mortgage lending platform, delivering an end-to-end digital mortgage experience. Mortgage Access is the latest offering in a series of investments MeridianLink has made to further grow and improve its product offerings related to mortgage lending. In late 2022, MeridianLink acquired OpenClose™, an award-winning provider of residential mortgage software, to offer omnichannel mortgage solutions and leading POS capabilities that improve efficiency while reducing costs and time to close. In March 2023, both MeridianLink and OpenClose received a HousingWire Tech100 Mortgage Award in recognition of their best-in-class mortgage lending products. ABOUT MERIDIANLINK MeridianLink® powers digital lending and account opening for financial institutions and provides data verification solutions for consumer reporting agencies. MeridianLink’s scalable, cloud-based platforms help customers build deeper relationships with consumers through data-driven, personalized experiences across the entire lending life cycle. MeridianLink enables customers to accelerate revenue growth, reduce risk, and exceed consumer expectations through seamless digital experiences. Its partner marketplace supports hundreds of integrations for tailored innovation. For more than 20 years, MeridianLink has prioritized the democratization of lending for consumers, businesses, and communities.

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Cloud Based POS

AllSaints Partners with NewStore to Accelerate Its Digital Transformation Journey

PR Newswire | October 03, 2023

NewStore, a modular, mobile-first omnichannel cloud platform for retail brands worldwide, today announced AllSaints will roll out its mobile point-of-sale (mPOS) in more than 200 stores globally. This is an extension of the partnership as the British fashion retailer previously selected NewStore to replace its homegrown direct-to-consumer mobile app. These initiatives demonstrate AllSaints' commitment to its digital transformation strategy and its dedication to offering customers a premium, unified, and seamless shopping experience across all channels. Since the company was founded in 1994, AllSaints has prided itself on creating collections that are designed to make people look and feel good. Each piece is crafted with its own unique shape, style, and attention to detail. With NewStore, AllSaints will now offer personalized, high-touch shopping experiences that complement the exceptional quality of its products, regardless of when, where, or how consumers choose to interact with the brand. "Our goal has always been to create customer journeys that are effortless and contemporary. To do this, we needed a modular yet comprehensive omnichannel platform that could empower us to innovate and adapt," said James Reid, Chief Innovation Officer, AllSaints. "We originally selected NewStore to build our consumer app, but that was just the beginning. By expanding our partnership, we are elevating the overall customer experience and future-proofing our technology strategy at the same time." The NewStore mPOS will unlock new benefits like enhanced associate mobility, streamlining the checkout process, and allowing AllSaints stylists to interact with customers anywhere on the store floor, using only an iPhone or iPad. Also, by seamlessly integrating with the other components of AllSaints' retail tech stack, NewStore will be able to access all customer, order, and inventory data, enabling a number of unified commerce flows. At the same time, the AllSaints App, which is powered by NewStore and offered as part of its omnichannel-as-a-service offering, gives customers a premium mobile shopping experience via its beautiful, interactive, and intuitive UX. After going live in March 2023, the app has been downloaded more than 75,000 times, with more than 8,000 reviews and an average app rating of 4.9 stars. Also, the app now accounts for a significant proportion of the brand's total ecommerce revenue, and has more than doubled the performance of the original AllSaints app. Most importantly, because NewStore Consumer Apps seamlessly integrate with the other components of the platform, AllSaints can offer more personalized and efficient interactions, regardless of channel, leading to increased loyalty and sales. "There is no one-size-fits-all formula when it comes to executing an omnichannel strategy, and the composable architecture of our platform offers enterprise brands like AllSaints the agility and adaptability required to meet their digital transformation goals," said Stephan Schambach, Founder and CEO, NewStore. "AllSaints' decision to adopt both our mobile POS and consumer app demonstrates their commitment to a holistic omnichannel strategy. By working seamlessly together, these solutions will allow the brand to offer a truly unified shopping experience across every touchpoint." About NewStore NewStore provides Omnichannel-as-a-Service for retail brands worldwide that want to accelerate their digital transformation. Built with MACH principles, NewStore allows brands to easily deliver amazing shopping experiences that store associates and consumers love. Its mobile-first, modular cloud platform includes POS, order management, clienteling, inventory, and native consumer apps. NewStore customers such as Burton, Faherty Brand, G-Star RAW, Marine Layer, Roots Canada, UNTUCKit, and Vince benefit from the most complete, global omnichannel retail solution available — now supercharged with Tap to Pay on iPhone. The company is backed by General Catalyst, Activant Capital, and Salesforce Ventures. About AllSaints AllSaints is a global contemporary brand that is headquartered in East London and designs full collections of womenswear, menswear and accessories. AllSaints curates every aspect of the brand experience in-house, from store design and construction to the allsaints.com web platform. The brand has directly operated stores, concessions and outlets across the UK, Europe, North America and Asia. In addition, in recent years the brand has enjoyed success in developing non-retail activities around the world, including new wholesale business, licensing income and franchise partnerships. Founded in 1994, AllSaints has approximately 3000 employees across the world and has 255 directly operated stores, franchises, concessions and outlets across 26 countries.

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POS Solutions

myPOS unveils Tap to Pay on iPhone for merchants in the UK

PR Newswire | October 19, 2023

UK-based payments company myPOS is introducing Tap to Pay on iPhone for businesses in the UK. Tap to Pay is available within the myPOS Glass app and allows merchants to accept contactless payments directly on their iPhone, with no additional hardware. "As global smartphone penetration and contactless adoption continue to spread, we want to ensure that even the smallest merchants have the technology to grow their sales," said Rob Hay, CEO of myPOS Payments Ltd. "With Tap to Pay on iPhone and myPOS Glass, business owners can start taking payments from anywhere – in the store or on the go. We are excited to simplify in-person payments by offering a fast and secure experience that increases mobility." Business owners are excited about the new solution as well. "With Tap to Pay on iPhone, I can be mobile. I download the myPOS Glass app and I can immediately accept payments on my own phone anywhere I am. It's easy for my customers and very flexible for me," said myPOS merchant Ahmed Saleh, owner of fast-food restaurant The Best Tasty Meal Corner. Another myPOS client, healthcare practitioner Asif Parpia at Otowax Removal, added: "Don't need hardware anymore; always wanted a secure way of accepting payments through my iPhone, so I am excited about the launch of myPOS Glass on iPhone." myPOS clients with compatible phones – iPhone XS or later – can accept contactless payments by downloading and opening the myPOS Glass app, ringing up the sale and presenting their iPhone to the customer. In return, the shopper needs only to tap a contactless payment method like Apple Pay, another digital wallet or a contactless card. Merchants new to the myPOS platform can start using Tap to Pay on iPhone with myPOS Glass after opening a myPOS account and going through online verification. What's more, by becoming a myPOS client, they will benefit from a free merchant account, a free business card and immediate deposits of all accepted payments at no extra cost. Tap to Pay on iPhone requires iOS 15.5 or later. No additional costs are applied to the merchant and no separate devices are needed. Additionally, all transactions are encrypted and secure. Business and customer payment data is safeguarded by the same technology that keeps Apple Pay private. So when a payment is processed, card numbers are not stored on the device, the myPOS app or on Apple servers. To take advantage, business owners can try out the myPOS Glass Starter plan, which allows merchants to pay only as they get paid. It comes with no upfront commitment, no fixed costs and the ability to cancel at any time. About myPOS myPOS is an innovative fintech company serving small and medium-sized business clients across the European Economic Area, Switzerland and the UK. It provides easy and convenient in-store, online and on-the-go payment solutions for more than 170,000 businesses in over 30 European countries. The myPOS platform gives micro businesses and SMEs everything they need to accept payments and manage various aspects of their business, including selling remotely, accelerating cash flow and enabling e-commerce. Business owners receive a free multicurrency merchant account and dedicated IBAN per currency, a business debit card, digitised business management capabilities, and a powerful platform to help them sell anywhere.

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POS Solutions

New MeridianLink Mortgage Access Point-of-Sale Solution Provides Lenders With a Seamless Digital Mortgage Application Experience

Business Wire | October 17, 2023

MeridianLink, Inc., a leading provider of modern software platforms for financial institutions and consumer reporting agencies, today announced its new point-of-sale (POS) solution for MeridianLink® Mortgage as part of the MeridianLink® One platform. MeridianLink® Mortgage Access meets borrowers’ demands for a more frictionless digital lending and account opening experience. The highly configurable POS solution for mortgage origination looks to assist financial institutions to slash their application and approval times for consumers. Additionally, the product further strengthens MeridianLink’s innovative SaaS-based mortgage loan origination system by seeking to enhance the borrower’s experience and significantly increase efficiencies. “In today’s economy, borrowers expect to be engaged in their financial experience, whether it’s checking their account balance, transferring money, or originating a mortgage,” said JP Kelly, SVP of Mortgage at MeridianLink. “Mortgage Access functions to make it easy for borrowers to buy or refinance their loans, reduce the friction in the mortgage experience, and decrease turnaround times. In doing so, these efforts will create a smoother process for consumers.” The Mortgage Access launch comes at a time when American consumers expect an increased level of support from their financial institutions. A recent study conducted by MeridianLink discovered that one third of Americans (31%) feel less confident in their ability to afford a home compared to five years ago, and 41% of respondents believed their financial institution did not provide them with sufficient mortgage lending support. The launch of Mortgage Access adds to MeridianLink Mortgage, the Company’s mortgage loan origination system (LOS) with a natively built product and pricing engine and automated underwriting. Other features of the LOS include the capability for financial institutions to customize user interfaces and automate workflows, manage electronic document packages, and access hundreds of partner integrations. The Mortgage Access product completes MeridianLink’s mortgage lending platform, delivering an end-to-end digital mortgage experience. Mortgage Access is the latest offering in a series of investments MeridianLink has made to further grow and improve its product offerings related to mortgage lending. In late 2022, MeridianLink acquired OpenClose™, an award-winning provider of residential mortgage software, to offer omnichannel mortgage solutions and leading POS capabilities that improve efficiency while reducing costs and time to close. In March 2023, both MeridianLink and OpenClose received a HousingWire Tech100 Mortgage Award in recognition of their best-in-class mortgage lending products. ABOUT MERIDIANLINK MeridianLink® powers digital lending and account opening for financial institutions and provides data verification solutions for consumer reporting agencies. MeridianLink’s scalable, cloud-based platforms help customers build deeper relationships with consumers through data-driven, personalized experiences across the entire lending life cycle. MeridianLink enables customers to accelerate revenue growth, reduce risk, and exceed consumer expectations through seamless digital experiences. Its partner marketplace supports hundreds of integrations for tailored innovation. For more than 20 years, MeridianLink has prioritized the democratization of lending for consumers, businesses, and communities.

Read More

Cloud Based POS

AllSaints Partners with NewStore to Accelerate Its Digital Transformation Journey

PR Newswire | October 03, 2023

NewStore, a modular, mobile-first omnichannel cloud platform for retail brands worldwide, today announced AllSaints will roll out its mobile point-of-sale (mPOS) in more than 200 stores globally. This is an extension of the partnership as the British fashion retailer previously selected NewStore to replace its homegrown direct-to-consumer mobile app. These initiatives demonstrate AllSaints' commitment to its digital transformation strategy and its dedication to offering customers a premium, unified, and seamless shopping experience across all channels. Since the company was founded in 1994, AllSaints has prided itself on creating collections that are designed to make people look and feel good. Each piece is crafted with its own unique shape, style, and attention to detail. With NewStore, AllSaints will now offer personalized, high-touch shopping experiences that complement the exceptional quality of its products, regardless of when, where, or how consumers choose to interact with the brand. "Our goal has always been to create customer journeys that are effortless and contemporary. To do this, we needed a modular yet comprehensive omnichannel platform that could empower us to innovate and adapt," said James Reid, Chief Innovation Officer, AllSaints. "We originally selected NewStore to build our consumer app, but that was just the beginning. By expanding our partnership, we are elevating the overall customer experience and future-proofing our technology strategy at the same time." The NewStore mPOS will unlock new benefits like enhanced associate mobility, streamlining the checkout process, and allowing AllSaints stylists to interact with customers anywhere on the store floor, using only an iPhone or iPad. Also, by seamlessly integrating with the other components of AllSaints' retail tech stack, NewStore will be able to access all customer, order, and inventory data, enabling a number of unified commerce flows. At the same time, the AllSaints App, which is powered by NewStore and offered as part of its omnichannel-as-a-service offering, gives customers a premium mobile shopping experience via its beautiful, interactive, and intuitive UX. After going live in March 2023, the app has been downloaded more than 75,000 times, with more than 8,000 reviews and an average app rating of 4.9 stars. Also, the app now accounts for a significant proportion of the brand's total ecommerce revenue, and has more than doubled the performance of the original AllSaints app. Most importantly, because NewStore Consumer Apps seamlessly integrate with the other components of the platform, AllSaints can offer more personalized and efficient interactions, regardless of channel, leading to increased loyalty and sales. "There is no one-size-fits-all formula when it comes to executing an omnichannel strategy, and the composable architecture of our platform offers enterprise brands like AllSaints the agility and adaptability required to meet their digital transformation goals," said Stephan Schambach, Founder and CEO, NewStore. "AllSaints' decision to adopt both our mobile POS and consumer app demonstrates their commitment to a holistic omnichannel strategy. By working seamlessly together, these solutions will allow the brand to offer a truly unified shopping experience across every touchpoint." About NewStore NewStore provides Omnichannel-as-a-Service for retail brands worldwide that want to accelerate their digital transformation. Built with MACH principles, NewStore allows brands to easily deliver amazing shopping experiences that store associates and consumers love. Its mobile-first, modular cloud platform includes POS, order management, clienteling, inventory, and native consumer apps. NewStore customers such as Burton, Faherty Brand, G-Star RAW, Marine Layer, Roots Canada, UNTUCKit, and Vince benefit from the most complete, global omnichannel retail solution available — now supercharged with Tap to Pay on iPhone. The company is backed by General Catalyst, Activant Capital, and Salesforce Ventures. About AllSaints AllSaints is a global contemporary brand that is headquartered in East London and designs full collections of womenswear, menswear and accessories. AllSaints curates every aspect of the brand experience in-house, from store design and construction to the allsaints.com web platform. The brand has directly operated stores, concessions and outlets across the UK, Europe, North America and Asia. In addition, in recent years the brand has enjoyed success in developing non-retail activities around the world, including new wholesale business, licensing income and franchise partnerships. Founded in 1994, AllSaints has approximately 3000 employees across the world and has 255 directly operated stores, franchises, concessions and outlets across 26 countries.

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POS Solutions

myPOS unveils Tap to Pay on iPhone for merchants in the UK

PR Newswire | October 19, 2023

UK-based payments company myPOS is introducing Tap to Pay on iPhone for businesses in the UK. Tap to Pay is available within the myPOS Glass app and allows merchants to accept contactless payments directly on their iPhone, with no additional hardware. "As global smartphone penetration and contactless adoption continue to spread, we want to ensure that even the smallest merchants have the technology to grow their sales," said Rob Hay, CEO of myPOS Payments Ltd. "With Tap to Pay on iPhone and myPOS Glass, business owners can start taking payments from anywhere – in the store or on the go. We are excited to simplify in-person payments by offering a fast and secure experience that increases mobility." Business owners are excited about the new solution as well. "With Tap to Pay on iPhone, I can be mobile. I download the myPOS Glass app and I can immediately accept payments on my own phone anywhere I am. It's easy for my customers and very flexible for me," said myPOS merchant Ahmed Saleh, owner of fast-food restaurant The Best Tasty Meal Corner. Another myPOS client, healthcare practitioner Asif Parpia at Otowax Removal, added: "Don't need hardware anymore; always wanted a secure way of accepting payments through my iPhone, so I am excited about the launch of myPOS Glass on iPhone." myPOS clients with compatible phones – iPhone XS or later – can accept contactless payments by downloading and opening the myPOS Glass app, ringing up the sale and presenting their iPhone to the customer. In return, the shopper needs only to tap a contactless payment method like Apple Pay, another digital wallet or a contactless card. Merchants new to the myPOS platform can start using Tap to Pay on iPhone with myPOS Glass after opening a myPOS account and going through online verification. What's more, by becoming a myPOS client, they will benefit from a free merchant account, a free business card and immediate deposits of all accepted payments at no extra cost. Tap to Pay on iPhone requires iOS 15.5 or later. No additional costs are applied to the merchant and no separate devices are needed. Additionally, all transactions are encrypted and secure. Business and customer payment data is safeguarded by the same technology that keeps Apple Pay private. So when a payment is processed, card numbers are not stored on the device, the myPOS app or on Apple servers. To take advantage, business owners can try out the myPOS Glass Starter plan, which allows merchants to pay only as they get paid. It comes with no upfront commitment, no fixed costs and the ability to cancel at any time. About myPOS myPOS is an innovative fintech company serving small and medium-sized business clients across the European Economic Area, Switzerland and the UK. It provides easy and convenient in-store, online and on-the-go payment solutions for more than 170,000 businesses in over 30 European countries. The myPOS platform gives micro businesses and SMEs everything they need to accept payments and manage various aspects of their business, including selling remotely, accelerating cash flow and enabling e-commerce. Business owners receive a free multicurrency merchant account and dedicated IBAN per currency, a business debit card, digitised business management capabilities, and a powerful platform to help them sell anywhere.

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