Members of the ROAM team spent the better portion of last week at Money2020 in Las Vegas. As the chilly October breeze creeps over ROAM’s headquarters in Boston, it’s a chilly reminder that we’re no longer in the desert sun and it’s now officially time to reflect on last week’s conference. For those who missed out on this year’s show, we've got you covered.
Customers are used to a streamlined shopping experience. Many enjoy online shopping from the comfort of their own home, where they can leisurely browse, select their products and pay for them immediately, only having to wait a few short business days for their arrival.
“Drive thy business or it will drive thee.” – Benjamin Franklin
Those insightful words from one of America’s most famous inventors and innovators are truer than ever, especially when it comes to mCommerce.
Many of the acquirers and financial institutions that entered the mobile payments market in the past few years are already being forced to reevaluate and change their strategies as part of the ongoing struggle to stay competitive.
The point of sale market is evolving at breakneck speeds due to a massive increase in the popularity of making payments with mobile devices. The benefits of leveraging mobile point of sale technology are vast, ranging from creating an improved customer experience, increasing business efficiencies, reducing transactions costs and more.
Dietary preferences and dining décor may come and go but one trend in the QSR restaurant category has stayed the same for a very long time: POS expenditures are its largest IT line item. When combined with costs related to POS integration with back office systems, they compromise roughly 60% of IT spend. It’s no wonder that QSR executives are eager to find ways to reduce those costs while improving the efficiency of their establishments.
