Thursday, October 22. 2009
POS Cash Registers - Register Convenience and Savings
It seems there is an acronym for just about everything these days and one of the most common is POS, which stands for point of sale.
In the past, point of sale generally referred to plain old cash registers. These trusty machines provided merchants with a place to keep their money and checks along with their sales receipts. However, POS cash registers are programmed to do a lot more than that nowadays.
Computer-age POS systems allow you to keep accurate track of inventory levels. They will do a good job of letting you know what’s coming in and what’s going out on an instant basis. This way you will know exactly what you have on hand, what items will need to be ordered, and provide insightful information, such as listing your top-selling items. The POS cash register will scan the bar code that is on each item and the item’s data will be instantly and automatically entered into the inventory control system.
This system will also alert you to any discrepancies in your inventory and let you know if anything is missing or unaccounted for. If you’re a victim of employee theft and/or shoplifting, you’ll be sure to know about it.
A modern POS system also lets merchants process a variety of payment transactions such as credit cards, debit cards, and checks. All of the information entered into the register will be recorded and verified before confirming that the debit card or credit card is legitimate and can cover the amount of the purchase.
When a check is scanned, it may not be possible to verify the funds in the account, but the POS cash register will let you know if the account actually exists and if it’s in good standing. While it’s not a foolproof way to stop checks from bouncing, it will help reduce fraudulent checks.
Like everything else these days, POS systems have been improved upon dramatically over the years because of modern technological advancements. If your POS cash register is over 10 years old it would be a good idea to get an up to date one to reap all the benefits they can provide. One of the most popular cash registers on the market right now is the Casio TK-1550 electronic model. The register is made with anti-bacterial technology which helps prevent the spread of bacteria and diseases that can be transmitted by people’s hands. The TK-1550 has a three-line emerald LCD display, along with a full-size five bill/five coin metal cash drawer. It also comes with high-speed receipt and journal thermal printers, a hybrid keyboard with 72 preset spill-resistant keys and 2000 plu's. The register also has a built in automatic voltage detection feature. This innovative system can detect the type of electrical current coming in and will adjust it so the cash register won’t overload. The register can work with both110 and 220 volt power which means you can use it in many countries outside of America. At the moment, United Bank Card is offering the industry’s first Free Electronic Cash Register (FECR) program. The group has joined up with Casio to supply electronic cash register equipment that comes with exclusive credit card processing technology for no fee. While credit card terminals are programmed to take credit card transactions, electronic cash registers are able to handle cash, checks and credit cards as well as taxes. With one of these machines, you don’t need to have a cash register or standalone credit card terminal. The United Bank Card program gives you the choice of two cash registers, these are the Casio TK-1550 flat key model for restaurants and the Casio TE-1500 raised key model for retail businesses. They are easy to use as they come with an online wizard to help merchants customize the keypad layout. The devices also allow you to use just one point of contact for credit card processing and cash register functions. United Bank Card will also give you a replacement register if you have any problems with the original machine. You can also rent the POS cash register for $79 per year with no obligation to use United Bank’s credit card processing service in the future. If you close your merchant account all you have to do is return the machine. POS cash registers are now more affordable than ever and so the acronym, POS, can also stand for perfect operating system. |
Yes, I did not point that out in the article. It is important to ensure that the iPhone has a working signal.
Keep up the good work!
Drew
Thanks for your kind words and I am especially appreciative as you were in the POS installation field.
Best Regards,
Andy Lax
It was a long time ago, but it was fun back then. I hope to see more of your articles. Feel free to send me some information about your company. I will be happy to refer potential clients to you whenever I can.
It's amazing how fast time goes and how career paths may change along the way.
Thanks so much for any possible future referrals. I will private message you as I don't want to do too much self-promotion on the blog -- regardless of how well-deserved such promotion would be.
Best Regards,
Andy Lax
Thanks for reading the blog post. I certainly appreciate the positive feedback.
Best Regards,
Andy Lax
Best Regards,
Andy Lax