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.
Last week, more than 1,000 direct selling industry leaders and innovators gathered in Phoenix, AZ for the world’s most comprehensive exhibition of direct selling goods and services. The meeting included a variety of workshops and sessions that enabled attendees to share strategies, best practices and technology solutions that are helping to revolutionize this fast growing industry.
Of the seven billion people on the planet, more than 1 billion individuals have smartphones or tablets. Increasingly, data shows that more consumers rely on mobile technology to help them as they make important day-to-day buying decisions -- from gathering information about products and services to paying for transactions at the point-of-sale (POS).
Mobile point of sale (POS) is changing at lightning speed.
Demand is moving upmarket. Technology, while more widely available, has also become more complex. Meanwhile, the sales and support infrastructures required to support the needs of midsize and large businesses continue to grow.
