Point of sales systems have been around for hundreds of years, and for most of that time they were not much more than a cash drawer and calculator. That was until now – huge leaps in technology have taken the humble till a long way forward in the last few years.
Today, point of sale systems can do so much more. They can feed data on sales straight to your accountant, keep track of stock levels and even find your best sales person.
Not only have all of these features come in with technological advances, but the price of a POS system is also now more affordable, lifting some strain from smaller businesses.
A till has become the cornerstone of a business, and that also means that if it falls short it can also send your business into disarray – so it is important to choose a system that really works for you. Here are some key points to consider when trying to find the right till option for your business. (more…)
Since its introduction in the UK just af ew years ago, contactless payments have quickly become a popular way to make low value purchases on debit and credit cards.
In October 2015, more than 10 per cent of all card transactions were made by contactless cards ; a year before, the figure was less than 4 per cent.
Supermarkets have been among the most voracious early adopters of ‘tap and pay’ technology, but that doesn’t mean the solution is only for large retailers or chains. The situation is fast approaching where consumers expect to pay with a tap of their card, and smaller retailers will begin to look behind the times if they can’t provide this option for their customers.
With contactless payments set to increasingly become the norm as consumers look for convenient ways to pay, we asked James Frost, UK CMO, Worldpay, to explain why small businesses should integrate contactless into their retail operations and to give some advice on how best to do it. (more…)
Back in October 2014, Apple Pay – the contactless NFC payment method on iPhones – launched in the US, and we looked at its potential for small businesses here in the UK.
The question of whether or not SMEs should integrate Apple Pay with their existing payment systems was left unanswered, as it all depended on the adoption and success of Apple Pay across the pond.
Merchants in the UK will have less time to consider their decision now, as Apple Pay’s UK launch is imminent. (more…)
This week marks the launch of Apple’s latest attempt at changing the way we interact with technology, as Apple Pay, the company’s version of mobile contactless technology, debuts in the US.
Whilst this launch is currently limited to the US, the chances are if all goes to plan it will launch in the UK within the next 6 months.
But what exactly is Apple Pay? And is it going to affect your small business?
There’s a slim chance it could be another fad which flops, but it could also be the system which pushes widespread adoption of mobile payments. So the question is, as a small business, should you look into preparing for Apple Pay?