POS Terminal Solutions
(POS) a terminal is known as a point of sale is an electronic device used to process sales and payments at retail shops, restaurants,hotel, Salons etc.the software read the magnetic strips of the cards which are embedded in the hardware. The terminal software may also include features for additional functionality, such as inventory management, CRM, financials, or warehousing Point of sale terminals allows keeping track of sales easily, purchases and orders, by eliminating the hassle & admin associated work with old legacy systems. By using the card terminals to directly capture card information instead of manually entering in card details, merchants benefit from the efficiency of decreased transaction processing times Its Save your money and time with the access to real-time reporting that gives you a detail information of your sales and staff performance anywhere, anytime you need to take a look at it . The best business Solutions in accounting, e-commerce, staff rostering and more run your entire business online a complete Solutions all handle all your tensions and worry .. With leading multiple providers globally, you can choose the best way to accept payments in your store hassle free.Continue selling even when the internet goes down. Currently, market situation fast-paced consumer retail market, analog dial-up payment processing systems account for the majority of all electronic payment configurations. This conventional analog dial-up communication channel is the foundation, it will continue to be the mainstay of today's businesses.
POS Market Facts
- Globally billion of transactions are made using dial-up POS systems.
- In the United States, there are 10 million payment terminals, over 60% currently dial-up terminals.
- POS terminals have a long shelf life, on average of 8 years. Dial-up POS
- Accounts for 60% or more of all payment terminals in the world.
- shorts transaction time .
- Legacy systems are reliable and trusted
- Low start-up costs
- Security is not a concern
The Electronic Payment processing
POS terminals contain an embedded analog dial-up modem which operates through a 2-wire, analog voice-grade telephone line. Upon obtaining all required information, the POS terminal initializes the embedded modem and dials the appropriate number.
When the transaction or a portion of it must be processed elsewhere, the transaction times and path is much more complicated. This is often handled by backend systems so the data must be repackaged into the appropriate format used by backend systems and is then sent to another site.
The original incoming transaction is held by the payment processor while the backend transactions occur. This starts an additional clock on the transaction and can greatly extend the time of response for the original request. It is not uncommon for backend transactions to circle the globe as the processing occurs. This can potentially add up to 30 seconds to the total transaction time.