article thumbnail

Regulation is Coming to POS Finance: Why Responsible Lending Will Benefit Retailers

Retail TouchPoints

As economic pressures and living costs surge, more people than ever are considering using point-of-service (POS) finance — such as buy now, pay later and installment loans — to manage their cashflow. Old corporate-driven models of offering consumer credit are becoming outdated, leaving modern POS finance solutions the clear frontrunners.

POS 222
article thumbnail

Future Of Cloud-Based POS

Korona

Among other reasons, the rising trends of online shopping, contactless payments, QR code use, click-and-collect, increased software integrations, and a stronger reliance on data are expected to strengthen the cloud POS market through the foreseeable future. The global cloud POS market is expected to reach $9 billion by 2026.

POS 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Lowe’s Employs RFID, Blockchain to Combat Retail Theft

Retail TouchPoints

Organized retail crime has been on the rise since 2020 and costs retailers an average of $700,000 per $1 billion in sales, according to the National Retail Federation. The POS activation is powered by an RFID tag that is embedded in the product by the manufacturer and pre-loaded with each item’s unique serial number.

Retail 330
article thumbnail

Study Forecasts Accelerated Adoption of Digital Wallets and Buy Now, Pay Later

Retail TouchPoints

ecommerce share in 2020, up from 23.7% The benefit is wallets definitely streamline the checkout process, particularly on ecommerce, because there’s no manual entry of the information. Digital wallets’ expansion is fastest online, but they’re still growing impressively fast at brick-and-mortar POS. of ecommerce spend. “I

article thumbnail

iVend Retail is a Top Performer in the POS software category report

iVend

New York, January 8, 2020 – iVend Retail, an integrated omnichannel platform for retail and hospitality chains by developer CitiXsys, has been named a Top Performer for the third year in a row in the Point of Sale Software (POS) category for the Winter 2020 Customer Success Report published by FeaturedCustomers.

POS 76
article thumbnail

3 Ways Retailers can Benefit from the Shift Toward Digitization

Retail TouchPoints

Even before 2020, brick-and-mortar retailers had been fighting a fierce battle against leading ecommerce players. The Point of Experience (POE) is to replace the Point of Sale (POS) in the future. Consumers inform themselves about products on the internet before, during and after the purchase. The revival of the QR Code.

POS 221
article thumbnail

An Honest Aliscraper Review (Aug 2020)

Ecommerce Platforms

Its domain name was only registered earlier this year (April 2020), so it’s a pretty new kid on the block. In fact, at the time of writing, it was still in beta testing, and although there are a few five-star reviews out there, information is scant. POS Malaysia. Customers have to contact the seller for more precise information.

eCommerce 129