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What You Need to Know About Point of Sales Equipment and Software

Lightspeed retail pos

It’s that time of year again, and retailers are preparing for a record breaking holiday shopping season, meaning their point of sales equipment is sure to get a workout. Now is the perfect time for retailers and businesses to consider revamping their pos systems in order to ensure a smooth and successful holiday shopping season.

Security hacks and data breaches are a constant worry for most retailers, especially for small “Mom and Pop” businesses who are often targeted by data hackers. Recently, retail giants Target and Home Depot fell victim to data hacks, resulting in the thousands of customers have their personal payment information compromised. Amidst the public outcry, this was a wake up call for many businesses both large and small. After all, if it can happen to companies that large, it could happen to anyone.

To say the times are changing is a gross underestimate. Cash is no longer king, and has been replaced by “mobile wallets” such as Apple Pay and other mobile payment methods. As with the advent of any new technology, many businesses — especially those hit by data breaches — were reluctant to jump on the mobile payment method bandwagon, choosing instead to continue relying on faulty, outdated point of sales equipment. However, consumers have spoken. As the demand for mobile payment friendly pos solutions and pos devices continues, businesses are becoming more receptive to its benefits.

Aside from executing guest transactions, point of sales systems for retail stores can be likened to the central nervous system of the human body; a buzzing hub of information which constantly monitors all functions and activities. Aside from offering better protection against data breaches, modern point of sales equipment and software allows businesses to simply operate more efficiently. Employees are able to execute often tedious and mundane tasks such as storing guest preferences and email capture with ease, with in turn provides the guest with a more personal, and pleasant guest experience. Managers are able to perform necessary yet complicated tasks such as payroll, inventory, and sales tracking faster and more accurately.

In the end, modernizing a pos system simply makes both sense and cents. Read this website for more information.