What We Don't Know Will Hurt Us

By Jason Clay, SVP, Markets, World Wildlife Fund

What We Don't Know Will Hurt Us

Transforming for Customer-Centric Retail

By Jason Goldberg, SVP Commerce & Content...

Transforming for Customer-Centric Retail

Sometimes, Production of Healthier Food Requires a Step Back From the Most Current Technology

By Mark Novak, Director of Operations, Global...

Sometimes, Production of Healthier...

Internet of Things (IoT) Revolutionizing the Industry

By JeffSommers , Co-Owner and Co-Founder, Izzy's...

Internet of Things (IoT)...

Key Features of an Optimal POS System

By Food and Beverages | Wednesday, February 06, 2019

A point-of-sale system (POS) is used to manage the transactions for businesses like cash, debit and credit card, mobile payments, print receipts, store cash and scan barcodes and also the post-transaction operations that lead to customer fulfillment.

The modern (POS) systems are replacing traditional cash register system as they are now an important source of inventory, sales, and revenue data that business owners can leverage to make insightful management decisions.

Few POS System Companies (Blispay, Meritage Technologies, Omnico)

Some Tips to select the best POS system for business are

Things to keep in mind before POS system purchase

•  Initial setup cost
•  Payment processing costs like percentage of sale with the charge per transaction
•  Other monthly processing fees
•  Equipment costs
•  POS software fees
•  PCI compliance
•  Mobility
•  Ability to accept EMV chip cards
•  Ability to accept NFC payments
•  POS software features like generating invoices, safe storage of customer-related data, inventory management, etc.


A business could face serious liability problems in case of a data breach that causes the credit card information and private data of customers exposed to unauthorized access. As POS system in a retail business is a common target for cybercriminals. Business authorities need to be sure that their POS system is compliant with the latest security protocols.

Efficient customer service

A POS system is supposed to ensure that payments are processed without any glitch. The perfect POS system should be able to handle payment processing during the peak hours of business without any hindrance even if the internet connection is slow.

Ease of customization

The POS system should help business keep their branding unique by offering features for personalization. For example, some POS in restaurants can be customized to have their unique branding, menu, and tipping features. In a retail business, POS systems can be customized to allow for the exchange of goods and process refunds.

Check out: Top POS System Companies

5 Must-Have Features in Food Truck POS Systems

Food truck POS features and functionalities need to operate and...

5 Must-Have Features in...

What Business Managers Should Know Before Choosing a POS System

Due to the continuous innovations in POS systems, extensive advancement...

What Business Managers...

Knowing what to expect from the digital transformation of the consumer...

"See-Saw" ing in the...

Stand-Alone Tablet to the Rescue!

Expo provides information and tools that brands need, at their...

Stand-Alone Tablet to the...

follow on linkedin follow on twitter Copyright © 2019 www.fbtechreview.com All Rights Reserved | Privacy Policy