Tag Archives: pos systems

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Cash or card! Global Retailers Linger on Paper Over Plastic!

Chennai, India, 2018-Jul-23 — /EPR Retail News/ — Retail businesses, irrespective of size, accept payments through multiple modes (cash, card, mobile, internet banking, wallet, etc) but still many of them prefer cash over card to avoid regulatory complexities and hence devoid customers of their shopping rights and experience.

man in suit giving 1000 dollars another man

According to a survey by TD Bank recently, globally 70 per cent of SMEs prefer cash and cheques over card or online transactions. Though handling physical cash or cheques may be difficult, still cash rules in most of the Point of sale (POS) counters across several advanced countries in US and UK and developing countries like India and Brazil.

Retail experts agree that global POS market is still remain scattered and needs to be organized with the help of advanced technology. While the data has revealed that about 20% merchants use traditional POS systems, cloud-based POS systems by 17% while 24% retailers accept online payments.

Earlier, researches on global retail industry had indicated that though merchants and consumers were inclined to use new retail (POS) technology, they preferred cash to other mode of payments.

Consumer preferences and governments’ initiative to support cash-less payment have compelled retailers to accept all forms of payments, says Doug Mearkle, a senior official from TD Bank, which surveyed over 600 small retailers to understand how they are responding to modern transaction systems, cloud-based POS technology, cashless payment options and receptive to innovative ideas. The business owners surveyed were chosen from across fast growing economies and belonged to industries such as health care, retail, construction and entertainment.

TD Bank has indeed used the survey to create awareness among the merchants as to how various payment options and POS applications can be integrated in a single POS system to enhance business growth and effect customer experience.

Bhaskar Venkatraman, CEO and Director of Millennium India

As far as India, the digital payment system is fast catching up though there are still some teething problems such as inhibition to shift from conventional to modern business system, acceptance of card payments due to high transaction charges and low penetration of debit/credit cards and online payment options among rural folks.

“POS applications can be integrated into a single system to provide small business owners a potent tool which can perform multiple functions and offer several researched data which they can use for business betterment. Modern POS systems can provide some crucial business data which retailers can’t get following traditional methods,” says Bhaskar Venkatraman, CEO and Director of Millennium India, a pioneer in introducing POS technology to Indian retail merchants.

For example, a small retailer who sells grocery or ready-made clothing can forecast daily sales and plan to improve sales and profitability. An integrated POS can help him to decide on staff strength on particular day or occasion, understand the inventory position or requirement, number of customers visiting the shop on daily, weekly, monthly or yearly basis and individual customer’s buying pattern.

Though small-business owners are aware of the new features and advantages, but still there are some misconceptions and inhibitions which stop the majority of them from adopting the POS innovation, Mearkle concludes.

So to say, it is difficult to “cash” on the modern POS technology to improve business by some retailers!

 

For Media Contact

K Ramanathan

Editor-Media coordinator,

Justransact.com & Millennium India,

Millennium Re-tech Ventures India Private Limited,

G-19,2nd Floor, Block-16, 2nd Main Road,
Ambattur Industrial Estate,Chennai-600 058.

Website: https://www.justransact.com/

E-mail: ram@justransact.com

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Diebold Nixdorf to supply POS systems and software to Decathlon’s first megastore in South Africa

Diebold Nixdorf to supply POS systems and software to Decathlon’s first megastore in South Africa

RFID-enabled inventory system a first for local retail market

JOHANNESBURG, South Africa, 2017-Oct-02 — /EPR Retail News/ — Diebold Nixdorf, a world leader in connected commerce, is partnering with Decathlon, a leading sports retailer, to supply point-of-sale (POS) systems and software to its first megastore in South Africa. The new POS systems include both barcode scanners and radio frequency identification (RFID) readers– the first time such a setup has been adopted in South Africa. Products in the megastore are identified with a label that has both a stacked omnidirectional barcode and an embedded RFID tag, making product identification at checkout both easier and faster than traditional systems that only use a barcode reader.

The 2,500 square meter Decathlon Alberton Megastore, located south of Johannesburg, opened its doors to the public on September 2, 2017.

“Decathlon has made significant investments not only in megastores like our latest outlet in Alberton, but also in the technology innovation that drives the efficiency of our business,” said Guglielmo Pecchi, store manager at the Decathlon Alberton Megastore. “Diebold Nixdorf is a strategic part of our retail operation and we are pleased that we can rely on the company to help make our business in South Africa a success.”

Additionally, RFID tagging enables retailers to increase inventory accuracy—decreasing the time it takes to check inventory from one day to approximately one hour. This increased visibility enables Decathlon to identify trends earlier and respond more quickly to demands at a store level.

“Our retail solutions are designed to meet the needs of retailers and consumers alike—bringing together operational efficiencies and consumer convenience to drive the future of connected commerce,” said Jean Christophe Bouche, managing director, Eastern and Southern Africa, Diebold Nixdorf. “Our global partnership with Decathlon is a testament to the quality of our retail systems and software, the efficiency of our services and our efforts to bring the most advanced point-of-sale solutions to the market.”

Diebold Nixdorf has maintained representation in South Africa since 1971. Today, the company operates in the region from its office in Olivedale, Johannesburg, and employs 220 staff serving the needs of customers in both the retail and financial markets.

About Decathlon
Decathlon is a French international sporting goods and services company, an online and local retailer present in more than 30 countries. Decathlon creates and makes its own exclusive sporting products. For more information visit corporate.decathlon.com/en

About Diebold Nixdorf 
Diebold Nixdorf, Incorporated is a world leader in enabling connected commerce for millions of consumers each day across the financial and retail industries. Its software-defined solutions bridge the physical and digital worlds of cash and consumer transactions conveniently, securely and efficiently. As an innovation partner for nearly all of the world’s top 100 financial institutions and a majority of the top 25 global retailers, Diebold Nixdorf delivers unparalleled services and technology that are essential to evolve in an ‘always on’ and changing consumer landscape.

Diebold Nixdorf has a presence in more than 130 countries with approximately 24,000 employees worldwide. The organization maintains corporate offices in North Canton, Ohio, USA and Paderborn, Germany. Visit www.DieboldNixdorf.com for more information.

Contact(s):

Renee Murphy
Media Relations
Email: renee.murphy@dieboldnixdorf.com
Phone: 330-490-5825
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Wincor Nixdorf to equip all 59 stores of Dutch supermarket chain Jan Linders with new POS systems starting early 2017

Wincor Nixdorf to provide hardware, software and services

Paderborn, Germany, 2016-May-25 — /EPR Retail News/ — Following a test installation, which is due to begin in August 2016, Wincor Nixdorf will equip all 59 stores of Dutch supermarket chain Jan Linders with new POS systems starting early 2017. The partners signed a corresponding agreement in March this year.

Prior to signing, Jan Linders thoroughly investigated Wincor Nixdorf’s POS solution portfolio, for example by visiting German food retailer tegut, which belongs to the Swiss Migros Group and also relies on Wincor Nixdorf for its POS systems. This exchange of experiences as well as Wincor Nixdorf’s outstanding expertise and many installations, particularly in the Benelux countries, were the deciding factors for the order. “It was also extremely important to us that Wincor Nixdorf was able to offer a complete solution of hardware, software and services from a single source,” says Marcel Gommans, ICT Manager at Jan Linders.

Wincor Nixdorf will deliver and install the hardware for the supermarket chain’s approximately 350 checkouts, consisting of BEETLE/ M-III POS systems and TH 230 POS printers as well as touch displays and scanners. The BEETLE/ M-III is equipped with Intel’s fourth generation of core processors (Haswell technology). Through the processors’ performance, coupled with high-speed main memory modules, users can clearly feel just how powerful the overall system actually is. The systems will be controlled by TP.net, Wincor Nixdorf’s internationally proven store and POS software. “The application impresses on two fronts: its extensive feature richness as well as its modularity, which means that it can be easily adapted to individual requirements,” says Marcel Gommans. TPAdmin, a software module that can be used to manage the entire store network, will also be installed at Jan Linders. In addition, the TPAnalyze application will provide Jan Linders with simple, cost-efficient control over customer touchpoints, marketing campaigns and POS terminals. TPAnalyze thus gives decision-makers a solution-oriented view of the business performance in real time – as a basis for optimizing marketing strategies.

The agreement with Jan Linders also stipulates that Wincor Nixdorf will provide all services for an initial period of three years to ensure permanent availability of all POS systems.

About Jan Linders
Jan Linders is an independent chain of supermarkets with 59 shops in the southeast of the Netherlands. Jan Linders has nearly 4,000 employees, a regional focus and is known for its customer service and affordable products. The supermarket chain was awarded best fresh supermarket in the Netherlands for the sixth consecutive year (Customer Satisfaction Survey GfK September ’15). For 12 years in a row the bread and pastry department has been awarded with the first prize and for the last three years, the chain can call itself the Best Beer Specialist Supermarket in the Netherlands.

Press Contact

Press/Financial Press

Andreas Bruck
Head of Corporate Communications
Phone: +49 5251 693 5200
E-Mail: andreas.bruck@wincor-nixdorf.com

Press/Trade Press

Dr. Thomas Daubenbüchel
Head of Press and Editorial Office
Phone: +49 5251 693 5212
E-Mail: thomas.daubenbuechel@wincor-nixdorf.com
Ulrich Nolte
Phone: +49 5251 693 5211
E-Mail: ulrich.nolte@wincor-nixdorf.com

Trade Press

Claudia Wendorff-Goerge
Phone: +49 5251 693 5203
E-Mail: claudia.wendorff-goerge@wincor-nixdorf.com

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Celerant Technology Tops the RIS LeaderBoard for Sixth Year in a Row

Celerant Technology Corp has again been ranked as a leading retail software vendor for 2012. In the RIS News LeaderBoard’s Top 20 Overall Retail Software Companies, Celerant Technology, a mid-size vendor of retail management systems, was again highly ranked amongst several well-known software giants.

“We are honored that RIS News continues to recognize us as a leading Mid-Size retail software vendor,” said Ian Goldman, President and CEO of Celerant Technology Corp. “This year we broadened our retail concentration by expanding our mobile offerings to include M-Commerce, Mobile POS, and Celerant’s Mobile Suite of Applications. We strive to make continuous advancements to our retail software package and to maintain a high level of customer support and satisfaction.

Celerant is a leader in the retail software industry, providing real-time, all-in-one retail management systems for multi-channel enterprises. Celerant has been recognized as a Mid-Size Vendor Leader and a Leader in Overall Performance for over five years, and is identified as a high ranking leader for Customer Satisfaction, Apparel/Footwear and Specialty Retailing, Recommendation, Technology Innovation, and a leader for Broad Suites.

“Celerant Technology is a highly regarded software company that has a focused business model and executes it extremely well,” stated Joe Skorupa, Group Editor-In-Chief of RIS News. “The approach can produce solutions that excel in innovation, ease of use, value and customer satisfaction. It is extremely hard to adopt an end-to-end solution approach that requires vision, resources, and expertise in a wide range of technical and business functions. Celerant Technology pulls off this difficult feat as judged by retailers voting in the RIS Software Leaderboard where it has appeared in the top 10 among nearly 50 vendors rated for the past six years in a row.”

For 12 years, the RIS LeaderBoard study has asked retailers to evaluate the technology companies that are essential to their business. This year the LeaderBoard received feedback from over 300 retail executives. To ensure objectivity, a third-party research firm is responsible for the data collection and analysis.

Via EPR Network
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