Amazines Free Article Archive
www.amazines.com - Saturday, January 18, 2020
Read about the most recent changes and happenings at Amazines.com
Log into your account or register as a new author. Start submitting your articles right now!
Search our database for articles.
Subscribe to receive articles emailed straight to your email account. You may choose multiple categories.
View our newest articles submitted by our authors.
View our most top rated articles rated by our visitors.
* Please note that this is NOT the ARTICLE manager
Add a new EZINE, or manage your EZINE submission.
Add fresh, free web content to your site such as newest articles, web tools, and quotes with a single piece of code!
Home What's New? Submit/Manage Articles Latest Posts Top Rated Article Search
Google
Subscriptions Manage Ezines
CATEGORIES
 Article Archive
 Advertising (133326)
 Advice (160997)
 Affiliate Programs (34736)
 Art and Culture (73698)
 Automotive (145681)
 Blogs (75064)
 Boating (9841)
 Books (17218)
 Buddhism (4125)
 Business (1328641)
 Business News (426316)
 Business Opportunities (366271)
 Camping (10962)
 Career (72737)
 Christianity (15846)
 Collecting (11637)
 Communication (115053)
 Computers (241955)
 Construction (38999)
 Consumer (49681)
 Cooking (17061)
 Copywriting (6567)
 Crafts (18205)
 Cuisine (7539)
 Current Affairs (20394)
 Dating (45781)
 EBooks (19687)
 E-Commerce (48204)
 Education (185261)
 Electronics (83503)
 Email (6395)
 Entertainment (159838)
 Environment (28938)
 Ezine (3039)
 Ezine Publishing (5446)
 Ezine Sites (1550)
 Family & Parenting (110900)
 Fashion & Cosmetics (196391)
 Female Entrepreneurs (11842)
 Feng Shui (130)
 Finance & Investment (310285)
 Fitness (106199)
 Food & Beverages (62872)
 Free Web Resources (7938)
 Gambling (30226)
 Gardening (25112)
 Government (10514)
 Health (629620)
 Hinduism (2205)
 Hobbies (44046)
 Home Business (91561)
 Home Improvement (251373)
 Home Repair (46144)
 Humor (4825)
 Import - Export (5453)
 Insurance (45130)
 Interior Design (29558)
 International Property (3485)
 Internet (190991)
 Internet Marketing (146346)
 Investment (22826)
 Islam (1167)
 Judaism (1356)
 Law (80516)
 Link Popularity (4592)
 Manufacturing (20842)
 Marketing (98786)
 MLM (14136)
 Motivation (18213)
 Music (27005)
 New to the Internet (9480)
 Non-Profit Organizations (4048)
 Online Shopping (129617)
 Organizing (7803)
 Party Ideas (11856)
 Pets (38079)
 Poetry (2234)
 Press Release (12675)
 Public Speaking (5618)
 Publishing (7523)
 Quotes (2407)
 Real Estate (126633)
 Recreation & Leisure (95290)
 Relationships (87564)
 Research (16159)
 Sales (80325)
 Science & Technology (110227)
 Search Engines (23458)
 Self Improvement (153103)
 Seniors (6233)
 Sexuality (35942)
 Small Business (49287)
 Software (82996)
 Spiritual (23468)
 Sports (116085)
 Tax (7658)
 Telecommuting (34068)
 Travel & Tourism (307484)
 UK Property Investment (3121)
 Video Games (13428)
 Web Traffic (11728)
 Website Design (56833)
 Website Promotion (36572)
 World News (1000+)
 Writing (35776)
Author Spotlight
SHOVON JOARDER

Shovon Joarder has been working as Freelance Marketing Project Manager for over four years. He also ...more
KHEHLLEYZH PHUN

In regards to earning money online, everybody wishes to, and everybody strives to, but not many end ...more
ADRIAN JOELE

I have been involved in nutrition and weight management for over 12 years and I like to share my kn...more
ELLIOT CHANG

Financial analyst and author writing on economy and business. ...more
JIM TURNER

Jim Turner is a USA based author of Legal issues related to estate planning, will & trust , busyness...more


POS Software for Retail Outlets by Leon Grant





Article Author Biography
POS Software for Retail Outlets by
Article Posted: 01/15/2015
Article Views: 228
Articles Written: 640
Word Count: 600
Article Votes: 1
AddThis Social Bookmark Button

POS Software for Retail Outlets


 
Computers
A well-known giant in the IT and consulting space conducted the 2014 North America Consumer Payments Survey with a sample size of 4000, in order to understand and anticipate the forthcoming changes in the mode of payment preferred by consumers when they check out of retail stores. The results of the survey are startling enough to serve as a wake-up call for the honchos of organized retail, especially for those who are sure enough that data analytics is the only area they need to invest focus on.

By 2020, it is expected that 18% of the shoppers who were part of the survey are likely to use Bitcoins and other digital currencies for paying their bills at point-of-sale or POS counters. More importantly, 40% of those who were surveyed gave an affirmative reply when asked if they had made at least one payment by using their smartphones in last seven days or so, which was a meager 16% back in 2012. All these statistics unmistakably indicate the gradually growing global trend of diminished usage of cash, credit cards and debit cards - instruments of financial exchange that dominate the POS transactions across the world.

Demographic analysis of the data collected during survey suggests that individuals born in the late 1980s or later are leading the trend. A new breed of consumers has emerged with gross annual family income surpassing $150,000 and they are not reluctant to flush retail stores with digital currencies during payment. In fact, among the shoppers belonging to the high-income group, 19% have adopted digital currencies as the chosen mode for transacting at POS counters. As a result, it is expected that by the end of this decade, cash payments will be reduced by 12%, accompanied by a slump of 6% and 3% for debit cards and credit cards respectively - demonstrating a decline in the popularity of plastic money for the first time in 50 years.

Most certainly, top executives of every big name in the organized retail sector are grappling with multiple issues. With the threat of losing competitive edge in alluring the young and tech-savvy consumer segment that is cash rich, also comes the cost-benefit ratio of investing on futuristic payment acceptance mechanisms. When the majority of consumers with modest spending power are still quite comfortable with conventional methods, decision makers are facing the dilemma of prioritizing one segment over the other.

However, as with other cases of common people adapting to new technologies, there is also a flip side that needs to be considered. According to experts, the wide scale availability of POS hardware and software that will facilitate payment by using smartphones is a big question. The hardware, being manufactured by a handful of companies, will hit the market pretty soon in a coherent manner. On the other hand, innumerable big and small software firms that codes standard as well customized POS software for retail outlets will have to start from the scratch, simply because of the hardware compatibility issues. Since this is an emerging genre of technology that is yet to be embraced by the mass, there will be disparity regarding the packaging and pricing of software. Consequently, it will not be feasible for retailers to simultaneously install and maintain both the types - the one that favors mobile payment and the other, which is commonplace. Thus, for average retailers, the conventional transaction methods will still bear the same significance.

Author’s Bio:-

Steve Jo is an authority when it comes to POS software for retail outlets. He is the chief software architect of Swadesh Software Private Limited.

Related Articles - POS, Software, for, Retail, Outlets,

Email this Article to a Friend!

Receive Articles like this one direct to your email box!
Subscribe for free today!

 Rate This Article  
Completely useless, should be removed from directory.
Minimal useful information.
Decent and informative.
Great article, very informative and helpful.
A 'Must Read'.

 

Do you Agree or Disagree? Have a Comment? POST IT!

 Reader Opinions 
Submit your comments and they will be posted here.
Make this comment or to the Author only:
Name:
Email:
*Your email will NOT be posted. This is for administrative purposes only.
Comments: *Your Comments WILL be posted to the AUTHOR ONLY if you select PRIVATE and to this PUBLIC PAGE if you select PUBLIC, so write accordingly.
 
Please enter the code in the image:



 Author Login 
LOGIN
Register for Author Account

 

Advertiser Login

 

ADVERTISE HERE NOW!
   Limited Time $60 Offer!
   90  Days-1.5 Million Views  

 

Great Paranormal Romance


STEPHEN BYE

Steve Bye is currently a fiction writer, who published his first novel, ‘Looking Forward Through The...more
GENE MYERS

Author of four books and two screenplays; frequent magazine contributor. I have four other books "in...more
STEVERT MCKENZIE

Stevert Mckenzie, Travel Enthusiast. ...more
SUSAN FRIESEN

Susan Friesen, founder of the award-winning web development and digital marketing firm eVision Media...more
LAURA JEEVES

At LeadGenerators, we specialise in content-led Online Marketing Strategies for our clients in the t...more
MICHAEL BRESCIANI

Rev Bresciani is the author of two Christian books. One book is an important and concisely written b...more
TIM FAY

I am not a writer nor am I trying to become a writer. I am an average person with average intelligen...more
KIRAN KAUR

Kiranpreet (Kiran) Kaur, D.D.S., who received her Doctor of Dental Surgery degree from the prestigio...more
STEVE BURGESS

Steve Burgess is a freelance technology writer, a practicing computer forensics specialist as the pr...more
JOANNA MORGAN

Joanna Morgan has a huge passion for making money online from home and enjoys traveling around the w...more

HomeLinksAbout UsContact UsTerms of UsePrivacy PolicyFAQResources
Copyright © 2020, All rights reserved.
Some pages may contain portions of text relating to certain topics obtained from wikipedia.org under the GNU FDL license