In the latest and possibly the most hotly debated retail industry trend, merchant service providers (MSPs) have begun to offer free or deeply discounted POS systems as an incentive for their customers to sign a long-term payment processing agreement. But just as there’s no such thing as a free lunch, “free” POS may not really…
Efforts to legalize marijuana continue: California and Washington allow its purchase for recreational and non-recreational purposes, while the sale of medicinal cannabis by prescription is permissible in 23 states. With this trend has come an increase in the number of stores that sell marijuana in a brick-and-mortar environment. In order to maximize their potential, these…
New technologies are hitting the restaurant market at breakneck speed, with a number of new restaurant POS trends taking hold. Let’s take a look at the top three such trends and what is motivating operators to jump on the bandwagon. Mobile/tablet POS: Of all restaurant POS trends, this one rises to the top of the…
Whether you operate a single store or restaurant or multiple establishments, a POS system is one of the largest investments you will make in your business. In addition to exercising care in choosing this system, you must maximize your investment by ensuring the longevity of the hardware and software alike. Here are six tips for…
If you’re like most savvy bar owners, you’re always looking for ways to maintain tight control over – as well as to expand – your business. Hardware and software can play a major role on both fronts. This includes the following four technologies, all of which should be integrated with your bar POS system: Age…
As a consumer, you have no doubt seen a retail POS system in action. But do you know its basic capabilities and how they benefit a retail business? Here are the major functions of retail POS systems today. Transaction execution: Today, almost every retail POS system has an integrated scanner that automates the ringing up…
Increasingly, cyber-criminals have been infiltrating merchants’ POS systems and infecting them with malware—malicious programs that search for consumer credit card information and other data that can then be exploited for financial gain. Fortunately, there are a number of things you can do to protect your POS system from being compromised in this fashion. 1. Exercise…
A point-of-sale (POS) system is likely the most important technology you’ll integrate into your restaurant. Everything from management reports and labor tracking to customer engagement is achieved through a restaurant POS. And there are countless decisions prior to committing to a new system such as: the right hardware like touch screen monitors, kiosks and printers…
To perform an accurate assessment of their budget allocations, it’s important for professionals in the restaurant industry to have a firm grasp on spending trends. Hospitality Technology’s 2014 Restaurant Technology Study recently released a study that examined restaurant spending by speaking to restaurant owners and managers across all restaurant segments. The good news? Point of…
Successfully managing an establishment that serves alcohol requires a lot more than a liquor license and a few experienced bartenders. To keep your bar or nightclub running smoothly, it is important to have processes in place that streamline your service, optimize your inventory and increase your sales. Keep reading to learn how you can accomplish…