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Since technology is eventually changing the face of our global retail sector, it would be not wrong to say that retail industry will be completely changed soon. Suppose you take entry at the store and everything is offered what you need because a biometric scanner has already scanned your eyes and you are offered according to your purchase history, gender, age and more criteria. Thereafter you choose a product to buy and this scanner will again scan your eyes and take your fingerprint to accept payment automatically from your credit card. All the products will have RFID tags to track and deduct the inventory by advanced pos equipment. Sounds Futuristic? But we are a step closer with these possibilities. POS Technologies in Future 1. Biometrics: Some retailers are already using this technology so sign into POS terminal and do self-checkouts of the customers. Biometrics is a technology which automatically identifies human characteristics and confirms its identity. 2. RFID: Radio Frequency Identification or RFID transmits data of objects to the RFID Receiver and this is the future of modern POS technology. As per the application and type of tag, RFID is capable to read from various distances and angles. 3. Self Checkouts: The idea of future POS now started using in various retail stores. In this technology, customers do the job of cashier by scanning their own items, make payments by their own credit cards and pack their items within the tracking of a store in-charge. 4. Digital Signage: Today, most retailers catch the eyes of their potential customers by using the technology of digital signage. Today, all types and sizes of retail businesses have adopted this future technology. With this fantastic promotional tool, the retailers can immediately change the signature in order to recognize the existing promotion and discount on a product. 5. Advanced CRM: In order to keep customers happy and coming back again, Customer Relationship Management (CRM) is a revolutionary technology. Another best thing is that CRM tools are mostly available in various POS systems and this is very crucial system to keep you in touch with your potential customers. Conclusion These five technologies are more advanced and they will become even more powerful than your imagination. And this is important too because of the increasing competition in the market. So the POS technology has to be advanced so that it can let retailers survive in the market and get more success. Visit deduct the inventory by advanced pos equipment
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