POS solutions are evolving in ways which are leading POS systems to the 21st century. Retail entrepreneurs now have easy access to powerful software that’s becoming more economical than ever, more mobile, and have the ability to do more to grow their business. This is allowing physical merchants to keep up with their complex data-centric e-retailer cousins. From payments, to automation, and from hardware to insights and analytics, the POS has turned into the actual deal.
1. Shopify Starts to Build Hardware
The Canadian e-Commerce solution is having a stellar start to the year, as may be seen in its own Unite 2017 occasion . With new partners like Amazon and Buzzfeed, Shopify can scale this year like never before. In April, Shopify declared their first hardware product, a chip-and-swipe card reader. Shopify is banking on the tendency of online sellers to market in physical retail with its easy card reader.
2. The Tablet and Mobile POS Market Grows
Whether its iPad POS solutions or other sorts of tablets, the mobile POS boom is on. U.S. and international development of more suitable mobile POS solutions is rapidly showing to be the new standard in certain retail verticals.
Mobile POS is growing at 9.2percent annually based on Capterra through Quickbooks. As Cloud-based solutions became mainstream, so too now are mobile POS solutions. This happens frequently in hospitality, convenience, retail, and services stations where tablets are more useful for information access and needless to say, checkout.
For the SMB space, mPOS produces a good deal of sense. This is where cost-effective hardware is fulfilling the mobile-first era. This means it is easier than ever to become a retail entrepreneur with smarter and less costly hardware and software. You can do more using a mPOS to your small business than you might realize.
Key takeaway: As Cloud POS became the new standard years back, it is looking like mPOS might do the same.
3. ConnectPOS Launches New Printer: TSP100IIIU
The TSP100IIIU has been called a game-changer for tablet computers and mobile POS.
- It connects directly to an iPad or iPhone with the Apple Lightning cable for reliable USB communication and simultaneous charging.
- It includes a USB Serial number attribute to detect the device when disconnected and reconnected to a different USB port
- Ultra-fast print rates and particular receipt de-curl function
Key takeaway: Printers are becoming smarter and linking merchants with the future.
4. POS Systems Acheive New API Integrations
The era of value add-ons is impacting how POS solution ecosystems evolve. This means software suppliers have become better connected with their spouses. You do not have to look far in the POS world to understand how this occurs.
Normally, this consolidation of applications with the POS solution as node currently in the cloud could be characterized to some major branches:
- Analytics, Reporting, and Artificial Intelligence
- Email Marketing
- Employee Scheduling and Management
- Inventory and Warehouse Management
- Niche Specialty Solutions (such as for Hospitality, Restaurant, e-Commerce, etc.)
Key takeaway: POS solutions have native strengths and weaknesses, but may also have third party integration strengths and weaknesses
5. Mobile Payments and Cashless Solutions
While important smart phone companies are developing next-gen biometric and other post NFC solutions, the mobile wallet hasn’t caught on with customers as quickly as some anticipated. Mobile wallet users have numerous options, and are aware that mobile payments may cause more impulse purchases. While mobile payments are rising with PayPal, and there is buzz about Apple Pay, Android Pay, Samsung Pay, and Google Wallet, offering multiple payment options is still a fantastic idea for your merchant.
Key takeaway: Mobile pocket adoption is slow but is a benefit for retailers to provide.
6. Rise of Cloud Computing and Cloud Point of Sale
The heritage point of sale system is dying as POS systems and peripherals from the cloud continue to acquire impressive traction. This is leading to not only more flexible and accessible solutions, like getting your POS in an iPad, it is leading to a drop in total spend that separate merchants must make for much more robust and related solutions.
For value-added resellers (VARs), this implies a proliferation of new potential products that integrate hardware and software in new ways. Cloud POS systems will also be aggressively linking to market and specialty shops and increasingly to omnichannel solutions.
This implies restaurant POS, e-Commerce, and an emphasis on analytics and data for brick-and-mortar retailers is about the swift incline. Leading POS solutions will also be fighting it out in important new international territories expanding their reach and acquiring companies to improve their value propositions
Cloud POS has come a long way in the past ten years, and with the integration of technologies, IoT, and machine learning, it’s likely to reach much higher in the decade ahead.
Key takeaway: The Cloud POS is contributing into a very dynamic ecosystem of innovation about applications customized to every industry.
►►► ConnectPOS is a cloud-based POS software compatible with multiple platforms including Magento, Shopify & Shopify Plus, and BigCommerce.
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