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2016/03/30

Cash Recycling, QR Codes, Mobile Payments, EMV, And POS As-A-Service

Business Solutions Newsletter | March 30, 2016 | View web version here.
Business Solutions
 

In This Issue:

Featured Articles
Increase Revenue By Being A Trusted Provider
The payments industry is expected to change more in the next two years than it has in the past 10. This transition is providing ISVs/VARs opportunities to increase their revenues and build wealth by including payments as part of their overall solution.
Why QR Codes Are Still Viable Payments Tools
Mobile payments are growing in new, exciting directions, but some of their earliest forms are still prevalent. What's more, one of the first ways to pay with a smartphone is still convenient, effective, and hugely popular.
Mobile Payments: Closing The Gap Between Awareness And Adoption
Industry forecasts about mobile payments all basically point to the same conclusion — mobile payments adoption is going to increase in 2016, and for the next several years.
Making The Business Case For POS-As-A-Service
Selling point of sale solutions to retail and hospitality clients via an as-a-Service model may seem counterintuitive, particularly to VARs that have traditionally relied on the profit margins generated by hardware and software sales. But as technological advances accelerate and product life cycles shrink, this emerging business model comes close to being a true "win-win" for everyone involved.
Don't Make EMV Harder Than It Has To Be
Considering the fact that credit card fraud is an estimated $8.5 billion-per-year problem in the U.S. alone, why does it seem so little is being done to resolve the issue? The answers to this question are complex; however, the solutions don't have to be as di fficult as many merchants and software developers have been led to believe.
Integrating Cash Recycling Into POS Systems
If you think credit and debit cards are about to displace cash for retail transactions, think again. Legal tender remains the most commonly used form of payment, accounting for about 40 percent of transactions overall, up to two-thirds of purchases under $10, and half of transactions valued at less than $50. So while plastic and electronic payments have been hailed as the currency of the future, the oft-predicted cashless society is nowhere in sight.
4 Reasons Retail VARs Need To Focus On In-Store Mobility
Renewed focus on IT in brick-and-mortar retail stores was one of the major themes emerging from NRF 2016, the National Retail Federation's Retail BIG Show. Other trends that continue to create buzz across the industry are mobile POS, omni-channel retailing, and a strong focus on the customer experience as a competitive differentiator.
From The Magazine
ISV Brings Inventory Accuracy To Resort & Golf Club
By Mike Monocello, editor in chief, <em>Business Solutions</em> magazine   By Mike Monocello, editor in chief, Business Solutions magazine
An ISV’s successful inventory management solution leads to installs for 15 additional client properties.
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