The Future of POS Technology

Future Of POS

Future Of POS

The Future of POS Technology

POS technology has been advancing at an amazing pace in recent years. The remarkable success of Apple Pay has drawn a lot of attention to the subject of mobile payment systems. There’s no doubt that this type of integrated payment system will form the basis of the next wave of POS services.

As mobile payment technology rolls out across the nation and picks up speed, it’s important for businesses to stay on top of the trend. The ability to accept this form of payment and process it is likely to be increasingly important as more consumers accept and put the technology to use.

Meanwhile, credit cards are changing rapidly with the spread of EMV chip card technology, and retailers need to get on board with a deadline for the phase-out of magnetic strips in the near future.

Apple Pay and Google Wallet

While Google Wallet has actually offered mobile payment services since 2011, it has not surprisingly been the launch of Apple Pay in 2014 that brought the technology into the spotlight. Google has been quick to catch up, and much like Apple and Android, the two systems are likely to split the market share more evenly in the future. Meanwhile, more companies are looking to get in on the market; Samsung is reported to have their own competitor to Apple Pay in the near future.

This form of contactless payment via mobile phone, known as near field communication (NFC), is one of the most important pieces of POS technology for retailers to jump on; the number of companies accepting contactless mobile payment is growing quickly.

Cards With Chips and EMV

Already in common use in Europe and Canada, EMV technology (which stands for the three credit card companies, Europay, Mastercard, and Visa, that developed it) is growing quickly in popularity in the US. Gone will be the swipe of the magnetic strip, and instead, all the information is stored in a small chip implanted right into the card.

These chips create a much more secure transaction by generating a new code every time they are used. Credit card companies have given US retailers a deadline of October 1, 2015, to start accepting the new chip cards, which means it’s time to upgrade your POS systems to accept them.

Other Technology of the Future

In addition to these two big innovations in payment technology, there are numerous other technologies in use. Mobile credit card processors are becoming more common, thanks to technology like Square, while classic registers are being replaced by tablets and mobile phones on sales floors.

The 2014 Innovator Expo showcased a number of integrated payment systems that are likely to become a reality in the near future. Apps that assist shoppers in both saving and spending money are also on the rise.

Preparing for the Future

There’s no question that staying on top of the new POS technology is going to become more vital in the next few years. While there is a hard deadline for accepting EMV chips, customers are beginning to expect mobile payment processing, so businesses will need to be equipped for it.

It’s important to upgrade systems with an eye to the future, so that multiple upgrades won’t be required as technology changes. As with all POS systems, the more recent the technology, the more secure it will be – certainly not a small point when it comes to investing in technology.

7 Tips for Using QuickBooks 2015

Quickbooks Enterprise 2015

Quickbooks Enterprise 2015

QuickBooks 2015 offers a variety of new and improved features that make it easier for small business owners to take care of accounting. The updated version includes a number of changes that users have been asking for, including improved efficiency, customer tracking, and insights. Take a look at these quick tips for getting the most out of QuickBooks 2015, but bear in mind that features may vary based on the version of QuickBooks you are using.

Get quick performance updates with the Insights Tab. QuickBooks now makes it easier to access an overview of how your company is performing, directly from the home page. The Insights tab provides real-time information on performance and allows easier sharing of vital information with your accountant. Use the Insights page to get the information you need at a glance without having to run a report, saving time and helping you to keep on top of changes.

Use Enhanced Reports to save time. The enhanced reports for 2015 save you time as well as make reports easier to share, understand, and discuss. Multiple reports can be sent in a single email, and the layout of the reports is easier to read than in previous versions. Use of the new comments feature is one of the best tips for getting more from QuickBooks reports – you can now add additional thoughts, explanations, and insights right along with the reports. In addition, you can save time with the new ability to search report names via filters, which you’ll also find are now in alphabetical order for ease of use.

Track unbilled hours more easily. The Income Tracker has a new feature that will allow you to keep up with unbilled hours – the new Time & Expenses section. Use this feature to see at a glance your unbilled hours and take any necessary action quickly and easily.

Keep customer notes at hand. For 2015, QuickBooks has added a Notes feature that will allow you to add notes and comments regarding customers – or employees – and have them at hand whenever you need them. Notes can be pinned so that any action items are right up front and important details won’t be forgotten.

Use shared folders to keep your accountant in the loop. One of the improvements for 2015 is the option to share your company file with your accountant via a simple portable file system. You can keep everything up to date and allow your accountant to easily access information as needed in one QuickBooks folder, a more streamlined approach than the previous sharing system.

Updated reminders window keeps things from falling through the cracks. The reminders window is more useful than ever in the new version of QuickBooks, thanks to a cleaned-up appearance. Use this window to keep tabs on important reminders as well as notifications, including your to-do list, accountant notes, items that are overdue, and more.

Keep track of billable time and costs more easily. Put this feature to greater use in the new version, thanks to an update that shows all records available as you add billable time and costs to an invoice. Thanks to this feature, you’re less likely to miss something important.

Quickbooks 2015 Enterprise Gold
Quickbooks 2015 Enterprise Gold subscription includes all of the functionality of the Silver Edition + QuickBooks Enhanced Payroll so that you can easily pay employees, pay and file taxes.
Manufactured by: Intuit
SALE $1,300 (price based on 1 user) New

Is Your Business Using the Right CCTV System?

IR Camera

IR Camera

A closed circuit television system is a vital part of your business security system, but it’s only as good as the equipment you choose. The right CCTV system can make all the difference when it comes to preventing and uncovering losses to your business. Does your system need an upgrade? Consider these features before you make a choice.

Color or Black and White?

There are arguments for both sides when it comes to the debate between black and white and color cameras. Black and white usually provides a clearer picture due to higher resolution. Color, however, can provide information that can be important to an investigation. Where your cameras are used – indoors or outdoors, in public locations or employee-only areas, as well as the distance from the area being recorded – can help you to make this decision.

Camera Resolution

There may be nothing more important when it comes to getting usable information from a recording than the resolution of the camera. Higher resolution results in a clearer picture, more details, and the ability to zoom in without losing focus. It’s a good idea to select the highest resolution your budget can manage. This may mean choosing black-and-white cameras if you can’t achieve the necessary resolution with color, but it’s important to take all aspects of your recordings into consideration before making that decision.

Selecting Lenses

There are a variety of lenses available for security cameras, and it’s important that you choose the one that fits your needs. The focal length and field-of-view required depend on what you need to capture with the camera. License plate cameras, for example, will need a different field-of-view than those used for customer transactions.

The FBI recommends that the area of interest take up approximately 15 percent of the camera’s field of view, so if your lenses do not meet this guideline, consider a change. It’s also vital that you make certain that you have the right focal length for the distance between the camera and the subject of interest.

Light Level and Infrared Cameras

The level of light in the area of interest makes a difference in the type of camera you will need. Low-light areas require infrared-sensitive cameras, and they will do best with black and white for a better picture due to the sensitivity of the detectors. On the other side of that coin, infrared-sensitive cameras can affect how darker colors appear on recordings, making them a poor choice for well-lit areas. Your business may require a combination of both types to fully cover all areas.

Analog or Digital Cameras?

Today’s new digital cameras have a lot of appeal because they are a newer technology, but they are not always the best choice. Analog cameras tend to perform better in low-light situations, but digital (IP) cameras record at higher resolutions. Digital cameras may have more problems with dropped frames and latency in the recording, and they do not have the same number of resources for encoding, hardware, and software as analog cameras do. It’s important to consider your budget, where the cameras will be used, and the kind of resolution you require before you make a decision between digital and analog.