Managing a small business efficiently and profitably is challenging, and a recent study reveals that choosing the right point-of-sale system can help. And while choosing one may seem complicated, keeping a few critical requirements in mind will help in the search to find the right system for your operation.
In the last decade our lives have become increasingly mobile and technology continues to evolve to meet consumer demands and serve the mobile masses. Many businesses have found success by adding flexibility and convenience at the point of sale.
A few months ago I took a car service to the airport. The driver used a mobile payment system to collect his fee, and after he swiped my credit card he handed me his smartphone to complete the transaction. But before I could sign for it, the screen offered me the option of adding a tip in specific increments— 15, 20 or 25 percent.
EMV® chip technology is an evolution in payments that will help increase security, reduce card-present fraud and enable the use of future value-added applications. Merchants who accept credit cards have an important deadline associated with EMV approaching. If after the deadline you fail to migrate to EMV payment processing, your business may be responsible for fraud-related costs that could have been prevented with the use of a chip-enabled point-of-sale (POS) system.