Restaurant POS Solutions: Will credit cards soon be obsolete?
Will Credit Cards Go Obsolete With This New Payment Method?
A leading provider of advanced, open-standard contactless chip technologies, Contactless and a global leader in electronic commerce and payment processing services, First Data, have announced that they made a three-year agreement into developing contactless payment stickers that will be marketed by First Data as GO-Tag products. On the agreement, INSIDE is to supply the MicroPass payment sticker prelams only to First Data-qualified card manufacturers for production.
The agreement leverages the core technology from INSIDE Contactless and the issuing and transaction processing power of First Data. First Data will be marketing and distributing GO-Tag products to financial institutions, major U.S. merchants, and other distribution channels in a variety of form factors.
The general manager of Mobile Commerce and Point of Sale Solutions for First Data, Barry McCarthy, said that “First Data’s GO-Tag Solution represents an important step in the evolution from today’s plastic cards and fobs, offering a bridge to the future of mobile payments”. “Our partnership with INSIDE Contactless enables us to offer consumers an opportunity to turn just about any personal item, from a mobile phone to an employee ID badge, into a payment device.”
According to Charles Walton, executive vice president of payments for INSIDE Contactless, the agreement highlighted the versatility of the MicroPass platform to support a variety of contactless payment applications and form factors, also stickers.
Since Contactless credit card technology becomes more common in the marketplace, it would be a good idea to update your restaurant POS system with them in the near future. And we all know that customer service is all about the speed and fast transaction to a restaurant point of sale terminal, the better the service is the better your customer experience will reflect on the value of your services.
The author of this article is the VP of Customer Relations at POS-For-Restaurants.com with over 20 years experience helping restaurants nationwide increase their efficiency and bottom-line profits using restaurant POS systems.
You may visit POS-For-Restaurants.com for more information on how our national network of restaurant point of sale experts can help your business achieve greater success in these difficult economic times.
Checking What Restaurant POS Software And Hardware Is Best For Your Business
Restaurant Software
To be able to run your business to success you have to learn the basics: good location, good food, good service. But today, there’s another consideration to add: the restaurant software you use to run your POS system.
Though the harware are more visible, your POS software is the the core of your POS systems. Doing a careful evaluation of restaurant POS software is key to getting a system that will satisfy your customers and staff.
What to look for in restaurant software
Before anything else, it’s important to know what exactly you need the software to do. Your restaurant POS software can handle checks by diner or table, track orders per server, able to move diners at the bar to the table, manage waiting lists and reservations, and many more.
After you’ve found that restaurant software that can meet your basic requirements, give it a test drive to learn how to use it. While there will always be a learning curve for your employees when you purchase a new POS system, choosing restaurant software that’s easy to use can reduce the learning curve to manageable levels.
You may have a couple of your staff to to be involved in the evaluation of the software while testing its features. They may try different kinds of oddball situations and changes that can cause problems with some software.
- Security – create login accounts for each employee. You should be able to limit access to sensitive reports and functions (such as comping meals) to managers, if desired.
- Flexibility – your servers should be able to control checks to match the whims of your patrons: easily splitting checks and tracking special orders, for example.
- Reporting – one the main advantages of restaurant software for owners and managers is the detailed reporting available. Make sure the software you choose lets you get detailed information either per check, per server, or overall, ranging from daily to annually.
- Multiple location support – if applicable, make sure that your POS system is able to track and record on multiple locations, including local differences in staffing and pricing.
What to look for in a hardware
Of course you’ll need to invest in restaurant POS hardware as well: computers to run the restaurant software on, touch-screen displays for servers to enter order, and printers to produce order slips for the kitchen. The POS software you decide to use will require hardware – The only big deicision with it comes to using hardware is how many will you need.
Think you need more learning when it comes to searching for the right POS dealer? Find out more at POS-For-Restaurants.com and receive free unbiased quotes from the Restaurant POS professionals serving your area.
The author of this article is the Vice-President of Customer Relations at POS-For-Restaurants with over 20 years of POS experience meeting the automation needs of restaurants of all types throughout the U.S.