POS Industry Updates and Trends of 2016

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We are now in the middle of the POS industry redefinition. 2016 and 2017 will be very interesting years where we will see major players rising and others disappearing in the industry.

In the last few years, mPOS solutions have proven that tablet devices are a reliable hardware solution for many retailers, and that the cloud is a reliable solution to provide instant information on not only one, but multiple retail locations. The POS of the 21st century was born, and is continuing to grow quickly.

What we see now is a strong demand for small, and easy to deploy POS solutions. Since most of the POS solutions now provide a cloud solution, the need for heavy store hardware has decreased significantly, and many POS providers are rethinking their hardware offering.

For many restaurants and retail stores, a simple tablet, cash drawer, and receipt printer is all that is needed . And don’t forget your payment device!   The payment device has actually become one of the most important devices at the POS.  It is the device that has the capability to enable Apple Pay, Android Pay, Samsung Pay, and most importantly, EMV enabled payment.

The October EMV deadline came and passed. It did not motivate many SMB retailers to change their POS. The way we, as consumers want to purchase a product is what will make the retailers want to upgrade their point of sale system.

Retailers and restaurateurs alike are looking to increase their revenue by offering purchase options both in-store and online. While online shopping has been around for quite some time, restaurants and food service are also beginning to adopt the idea of online ordering by allowing customers to order pick-up or delivery right from their smart phones.

Leading the transition to this new world, Star Micronics’s hardware and software solutions represent new opportunities for technology providers. Adopting Star Micronics peripheral suite of mobile or desktop printers with Star Micronics cash drawers,  or just embracing the world of all-in-one with the mPOP™, (cash drawer, printer, scanner and tablet stand in one, easy to ship package) helps to answer the requirement for smaller POS solution.

Technology like CloudPRNT allows restaurateurs to receive orders from online ordering services without the need to have the printer connected to any other device or service inside the store. CloudPRNT will work with the online service to store jobs, create jobs, and communicate with the printer directly through the cloud.

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In addition to leading the way to a better shopping or eating experience, Star is improving the way we manage our purchase receipts. Last year Star released the first true digital receipt solution, AllReceipts™, where shoppers can now decide for themselves if they want to keep their paper receipt or save and store them on their mobile device. Now, Star is offering retailers the capability to communicate electronically with their customers to promote their latest products.

The face of retail will continue to change rapidly and Star will always be there to lead and innovate for you and keep your business successful.

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The Challenge of mPOS in Today’s Industry Trends

Mobile point of sale technology has become ubiquitous in today’s society, however the last impression of indicating customer satisfaction are often still at the checkout counter. Hence the challenges of mPOS in today’s industry are critical to the positive effect of customer experience.

“mPOS has been particularly successful in small business environments due to large feature set available at a low price point. In 2015, the mPOS adoption rate will accelerate as small to mid-sized merchants leverage mobile solutions to enhance customer experience and improve sales. The challenges of mPOS change drastically when moving from a small merchant with a single checkout setting to a multi-store, multi-check out, enterprise environment. For large enterprise retailers, there are new products and services in security, connectivity, design, functionality, and hardware to make your mobile strategy a success”

Michael Hanson, Executive Vice President, Star Micronics America, Inc.

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Enhance Customer Experience with a Clean, Organized Store

Adopting Star Micronics peripheral suite of mobile printers with Star Micronics cash drawers unlocks the power of our software developer kit to leverage new mobile solutions. Technology such as ProxiPRNT, which uses Bluetooth Smart (BLE) connection helps locate the nearest peripherals and securely open remote cash drawers. Star’s ProxiPRNT technology is ideal for any enterprise establishment implementing the ultimate mobile POS application to reduce queues in larger stores and have customers efficiently checked out with the purchase completed immediately. This will result in fewer lines and more space for new customers to shop in the store.

Saving Space in Customers’ Wallets

With the release of AllReceipts™, Star Micronics’ Digital Receipt Solution, customers can now save their receipts digitally during those busy holiday seasons. Complementing the paper receipts, shoppers can now scan the QR code and save a digital version of the receipt without having to provide any personal information such as e-mail address that could result in spam, such as an issue with e-receipts.

A digital receipt solution in the mPOS world would allow customers the option to have their receipts securely saved on their mobile device at all times.  AllReceipts™ not only enhances the shopping experience for the customers, but provides retailers real-time printer status, operational notifications, and customer survey results through a comprehensive dashboard.  This technology will help increase customer engagement between the store clerks and provide retailers a mPOS solution that eliminates cluttered wallets.

‘Always Leading-Always Innovating’

The face of retail will continue to change rapidly with new and advance mPOS technology. Leading the transition to the mobile world, Star Micronics’ hardware and software solutions help solve the challenges presented by the implementation of mPOS at a large scale.