- Thanks to HT
Thursday, September 27, 2012
POS Hackers Sentenced for Multi-Million Dollar Payment Card Data Theft
- Thanks to HT
Sunday, November 13, 2011
Cash management systems
Point of Sale (POS) systems are computer hardware and software networks that record sales of retail goods. They are typically found at counters in grocery stores and boutiques. POS systems are virtually cash registers. They are, however, based integrated to a computer which gives the store owner or manager more leverage on supervising the vast amount of data about the business. For instance, POS system terminals can be networked to other terminals and to a server in another location. In addition, it can be expanded with handheld devices that are linked wirelessly.
The biggest advantage of a POS system over a traditional cash register is the sophisticated and fully-detailed sales reports it provides. POS systems allow one to analyze sales in different ways. With several POS systems available on the market, it can be difficult to choose which one is appropriate for a business. Here are some ways to follow on purchasing a POS system for a particular business.
Establish your Budget
Purchasing POS Windows systems can be quite an expensive affair. The price can be anywhere from $3,000 to $6,000 per station, including the scanners, software, installation, training, support, and additional costs for integration into the company's existing systems. Make sure to allot a reasonable budget for the purchase so you will not be putting too much strain on your company's finances.
Identify Business Needs
Determine any particular needs of your business. This can help you narrow down the search as there are literally hundreds of retail software packages available today. Some software systems are designed for specific businesses such as boutiques, restaurants, and gift shops. There are others that are specifically designed for fast-moving retailers with thousands of daily transactions.
Ask Suggestions
When choosing POS Windows systems, it is also important to consider your customers. Ask customers about the aspects that they want the business to improve on. Customers can give a high-end perspective and deliberation on their shopping experience. Use their suggestions as basis on how you can choose a Windows-operated POS system for your business.
Sunday, November 29, 2009
Restaurants file lawsuit against payment terminal vendor after customers have identities stolen
A group of US restaurants have filed a class action lawsuit against a point of sale vendor after customers had their identities stolen after using uncompliant terminals.
According to a report on Finextra, seven restaurants in Louisiana and Mississippi are seeking millions of dollars in damages from vendor Radiant and its distributor Computer World after hundreds of their customers had their identities stolen as a result of payments terminals that were not PCI DSS compliant.
One of the attorneys acting as a legal advisor to the restaurants in the lawsuit, Charles Hoff, said in a statement that a special investigation by the United States Secret Service found that Computer World, the exclusive area distributor of Radiant Systems' ‘Aloha' POS software violated PCI DSS provisions.
Hoff said: “When major players in the hospitality industry such as Radiant Systems and its distributors say their software and business practices are PCI-DSS compliant, our clients trust them.
“When those claims of compliance and proper security practices turn out to be false, the restaurants are left to suffer huge financial losses due to financial penalties imposed by the credit card companies. Their reputations are tarnished. We're determined not to let Radiant and Computer World simply walk away from their responsibilities.”
The plaintiffs said that they were sold earlier model POS systems despite being told they were new. In addition, Computer World is accused of violating PCI standards by using a remote access system that did not have adequate security patches, using the same password for at least 200 operators, and failing to remove prior sensitive customer credit data upon installation of Radiant POS systems.
As a result, the lawsuit's plaintiffs are alleging that Radiant Systems' negligence and failure to either instruct or monitor Computer World's actions led to systems being compromised, leaving customers vulnerable to identity theft and fraud.
The suit also claimed that and Computer World were warned by Visa in 2007 that their programs were non-compliant, although the restaurants were not aware of this when they signed for the Aloha system.
It is seeking compensation to repay the penalties levied by the credit card companies and costs to track down and repair the POS system problems.
Thanks Dan Raywood, www.scmagazineuk.com
Tuesday, November 24, 2009
A Guide to Restaurant POS Management Software A Guide to Restaurant POS Management Software
A lot of people may thing that the restaurant business is not worthy of investment and would rather venture on a different business. Although, a growing number of POS software, specifically designed for restaurants, that can help an owner with nearly every aspect of running his business. And there’s more good news: most of this software is affordable for smaller retail establishments that operate only a few restaurants or even a single location. The various software products currently available can help your business:
1. Greatly increase profits|Double your profits|Increase your profits
2. Lower food costs
3. Streamline staff scheduling
4. Improve table and customer management
5. Improve customer reservations system
6. Gain complete control of inventory
7. Design menus
Cost out your recipes:
Providing accurate recipe cost to your customers can get your business on the fast track to success. With the right figures, it’ll be easy for you to identify your most profitable items as well as items that aren’t cost-effective. A right POS software program eliminates human error in this crucial area.
Tables and reservation management:
A restaurant reservation POS software can help reduce no-shows, take reservations from your website, canceled reservations, differentiate VIPs from regulars, take customer information and more. It can also help you maximize table management and improve your guest management.
Control and track inventory
In order to minimize waste and to avoid running out of necessary ingredients, a restaurant owner needs need to have full control of his inventory management and keeping track of goods.
Recommended:
The best contacts and resources to help you make the right choice for your restaurant POS software are available at POS-For-Restaurants.com
Correct ordering and purchasing:
Look for a POS software that streamlines the ordering and purchasing process, giving you more time to concentrate on revenue-generating activities.
Designing menus:
Making menu designs can help boost your customer volume by creating designs that would attack more visitors. But designing your own menu is hard and time consuming, especially if you do not have the necessary skills it requires. You will then need to hire a graphic designer and pay each time you need a new design. By purchasing a POS software that lets you create menu designs, it eliminates the need of hiring a professional designer! You can make your own menu designs depending on your restaurant’s theme, holidays, highlighted menu, etc.
Employee scheduling
Manual management of staff schedule is very time consuming and could even result to mistakes such as understaffing or overstaffing. So for a restaurant owner, this task can really cause a serious headache.
A few helpful advice for making the most of this Guide:
* If you are operating more than one restaurant, test-drive the software in one before implementing it system wide.
* Many restaurant software programs have powerful reporting features. Use them to analyze your sales, your customers and your menu. Make changes based on what you learn.
Saturday, November 21, 2009
Cash Register vs. Point of Sale (POS) System
Lets Discuss POS's Pros and Cons of Restaurant Industry to begin with.
The high volume of cash and credit cards that pass through a restaurant each day make a POS system a necessary. Not only does a POS system track every penny of your sales, many POS programs also takes credit card and work with Credit Card processors. This makes swiping credit cards more secure for both the customer and the business. Servers are accountable for all their sales, and it is impossible to alter checks in the computer unless you have the Administrative password. This helps cut down on employee theft.
What are all the Cons of POS?
What is the ROI (Return on Investments)?
Return on Investments are High because It saves :
1. Lots of Waiter or Sales Clerks in managing the KOT (Kitchen Order Ticket)
2. Planned Chef Work is very much possible because immediate printing of orders to the Kitchen or Bar.
3. Tracking sales and analyzing sales to plan the happy hours to boost sales based on hourly sales done.
5. No need to remember Code number for all products since it does show all products based on categories or directly.
6. It makes life simpler for a Restaurant Owners
ProPOS.net - Very User Friendly POS for Restaurant / Bar / Fast Bar - with Touch Screen
Dineware POS - Restaurant POS
Aldelo For Restaurants Pro - POS Solution for Table Service & Quick Service Restaurants
Finally: Time is Money ! For sure You save alot of Money at the end of it!!!
Friday, November 6, 2009
ProPOS.net - The Benefits of Point of Sale Systems
The early days of using a cash register and pen and notebook for accounting and processing transactions are no longer an effective means of keeping up with today's advancements in business technology. In order to stay competitive businesses have to adapt and change with emerging technologies.The early days of using a cash register and pen and notebook for accounting and processing transactions are no longer an effective means of keeping up with today’s advancements in business technology. In order to stay competitive businesses have to adapt and change with emerging technologies. A technological advancement that businesses are now using is the point-of-sale (POS) system. They are now realizing the many benefits POS have on their businesses
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The following are the many benefits of utilizing point of sale systems:
1. POS systems provide a business with a real-time detailed report of sales. This allows businesses to assess what products are being sold and what products are lagging in sales. The business can then implement marketing strategies to boost sales of the popular products. They will also know in real-time what is not selling so they can decide whether or not to order that product. A POS system provides the latest sales reports for the day, week, month, or year.
2. POS allows for improved customer service. Transactions are processed much quicker, item that are scanned for their price are accurate which lessens sales discrepancies.
There is also a wide selection of methods to take payments such as credit cards, debit cards, gift cards, etc.
3. POS provides an efficient method of managing inventory. By being able to view in real time what is selling, they will be able to reorder products that are running low. POS software will also let you know when you need to reorder a product. Businesses can also keep track of the time of day that certain products are selling so they can arrange marketing displays around peak selling times. As well, businesses will spend less time on paperwork, accounting, inventory management, sales record keeping, as well as managing such programs as marketing, special advertising programs, loyalty programs, discount programs, and much more.
4. POS allows for the management of gift cards, coupons, and loyalty programs. This is effective way of monitoring the program and keeping track of the success of the programs.
5. POS systems and software is easy to learn. Most POS sellers will train staff and management on how to use the system. It is also easy to install and maintain. As well, POS software can be integrated into other applications so that all areas of business management can be viewed in one central place. It gives the user better control of the business. As well, technical support is only a phone call away.
6. POS retail software makes it easier to keep track of customer personal information, staff payroll, customer billing and shipping, vendor listings, and inventory management.
The many benefits of point of sale systems make it an essential business investment. The type of retail software a small business chooses depends on the type of business, size of the business, amount of sales, and the type and amount of inventory.
Point of sale systems allow for better management of a business, improve customer satisfaction, and helps increase sales. With POS, businesses are able to run a more effective and efficient operation.

