Retail POS Software windows wireless

EFT/POS.

EFT/POS (Electronic Funds Transfer Point of Sale) is a device for sales transactions. It directly debits the customer's bank account, at the point of sale. This requires using a debit card (generally the same card used with ATMs). retail POS Software windows wireless

Merchants using EFT/POS offer cashout facilities, to customers. This allows a customer to withdraw cash, along with their purchase. EFT/POS are sometimes called POS Terminal, or Payment Terminal. They are not to be confused with traditional Point of sale.

Using Point of sale.

The card, of customers, is swiped through a card reader. The merchant, usually, enters the amount of the transaction. This is done before the customer enters their account and PIN number. retail POS Software windows wireless

There is usually a short delay. This occurs when the EFT/POS terminal contacts the server (over a phone line or wireless). Then, a message of Accepted or Declined is returned. Often, at peak shopping times (for example the last shopping day before Christmas), the system becomes overloaded. In this case, the delay becomes extended or fails. retail POS Software windows wireless

EFT/POS Usage.

EFT/POS is wide-spread, and commonly used, in some countries. Because of their presence, sometimes it is necessary to advertise "cash only - no EFT/POS". This occurs for events, or locations, where it is not available.

Wireless EFT/POS is now used by certain taxi companies, pizza delivery outlets, and stall holders at festivals. This allows EFT/POS transactions to be carried over the wireless network.

EFT/POS Software Manufacturers.

  • Retail Logic (http://www.retail-logic.com)
  • OSSI Customized POS/Organization Solutions (http://www.ossi.com)
  • Axalto (http://www.axalto.com)
  • EFTPOS (http://www.eftpos.com)
  • Hypercom (http://www.hypercom.com/)
  • Ingenico (http://www.ingenico.com/)
  • Sagem (http://www.sagem.com)
  • Trintech (http://www.trintech.com)
  • Verifone (http://www.verifone.com/)
  • Thales (http://www.thales-esecurity.com)

    One argument for professional EFT/POS.

    When selecting an EFT/POS, choose carefully. Remember, you get what you pay for or dont pay for. For example, Blockbuster video is a national chain of retail video stores. They use FREE ware and cheap outdated computer systems, for their POS and inventory.

    Now, suppose they spent the money for the high quality software and POS computers at the start. They wouldn't have to pay HP, IBM and HALIFAX to constantly repair and upgrade their systems.


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