Tag Archives: POS

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RCH Group Cements its International Reach

RCH Group’s New German Headquarters for international strategy and market-specific TSE compliance

New German Headquarters for international strategy and market-specific TSE compliance

TREVISO, Italy, 2020-Jul-29 — /EPR Retail News/ — RCH Group SpA, leading provider of retail and restaurant POS solutions, announces the launch of RCH Germany based in Saarbrucken, Saarland Lander. Expanding upon the existing presence of RCH in the international markets, this new base will augment RCH’s operations in the German and Austrian Countries, as well as beyond.

RCH Group designs, manufactures and sells telematic recorders, fiscal printers, and POS (Point of Sale) hardware and software. Their products, all designed in Italy, are recognised in several markets for their advanced technology, intelligent design and ease of use.

As RCH continues to expand, they are committed to being able to provide country-specific support to regions where they are securing increasingly significant market share. Germany constitutes one such market – particularly in light of RCH’s growing provision of solutions which meet the recently implemented TSE fiscal reporting legislation. More than merely serving the German market though, the expansion of RCH in Germany is a step towards strengthening and growing the company’s customer portfolio across the continent.

By opening a new headquarters in Saarbrucken, RCH is able to keep its finger even closer to the pulse of market needs; particularly in the field of catering, restaurants and food and beverage service. RCH’s product offerings in this field help to not only ensure that businesses are TSE compliant, but also offer a host of benefits which can bring genuine competitive advantages to their users; providing levels of data analysis capable of completely revolutionising the entire supply chain process: from menu design and purchase, to stock control, Customer Relationship Management (CRM), full financial/tax compliance, and beyond.

This means that because of the exceptional value offered by RCH products, even small, single unit businesses can benefit from levels of commercial insight previously only available to large scale operations. However, by virtue of its cloud-based approach to information management and third party integrability, RCH systems are also ideal for coordinating the activities of large-scale, multi-outlet restaurants and retail businesses. RCH products are truly capable of catering to the full spectrum of operators.

“This is an exciting time for RCH Group and marks an important milestone for our company as we further expand our presence in the heart of Europe,” says Stefano De Pra, CEO of the company. “The German market is particularly suited to the nature of RCH products, which places a focus not only on technological innovation and intuitive user experience, but also pays heavy attention to solidity, style and aesthetics”.

This expansion has been possible due to the exceptional performance that RCH secured in the period of 2019-2020, seeing the launch of a number of new products across a range of new geographical markets, as well as the formation of a collaboration with Jeunes Restaurateurs d’Europe (JRE) – whose slogan of ‘endless passion’ echoes the mindset of RCH themselves.

This growing demand for RCH products and their increased recognition in the industry, combined with the need for centralized operations to manage all regional distribution and after-sales technical support, led RCH to choose Germany as a complimentary operational and strategic base to its existing offices in Treviso.

More information about RCH Group and RCH Germany is available at http://www.rch-group.com and http://www.rch-europe.de

About RCH Group

The RCH Group of companies offers advanced point of sale systems for the retail, food and beverage, entertainment, hospitality and franchising markets.The Group’s innovative products include cash registers, automatic cash desks and cloud-based back office services.

Founded in 1969, RCH Group has grown into a global organization, comprising of several companies with a presence in 40 countries worldwide. It is renowned for its successful combination of advanced product engineering with distinctive design. Headquartered in Northern Italy, RCH Group has operational offices in Austria, Vietnam, China, and Asia, as well as a vast network of partner resellers.

RCH Contact:

Nicola Cassoli

Director Marketing & Sales Italy

T. +39 0422365255

E. n.cassoli@rch.it

RCH Germany Contact:

info@rch-europe.de

T.+49 0681 9677 8752

Press Contact:

Fiorenza Mella

Xpresso Communications              

T. +31 715238210

E.: fiorenza@xpressocommunications.com

Logo:

RCH logo

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RCH Group to exhibit at EuroShop, February 16-20, 2020

RCH Group to exhibit at EuroShop, February 16-20, 2020

TREVISO, Italy, 2020-Jan-27 — /EPR Retail News/ — This February (16-20), RCH Group will be exhibiting at EuroShop, the world’s largest trade fair for retail investment requirements. On booth #G49 in Hall 6 the company will introduce a number of new POS solutions – responding to the future-oriented and dynamic trends of the retail industry and building upon the technological and aesthetic capabilities that sit at the core of RCH’s product development.

Improving the strategic abilities of small and medium operations with improved analytics and accountancy

A key element of RCH’s attendance at the show will be the international debut of the WALLE 8T – a product which aims to evolve the concept of Smart ECR and increase the ability of small and medium retail operations to engage in effective fiscal management and financial analytics.

WALLE 8T constitutes a POS unit that contains an 8″ TFT color video keyboard and capacitive touchscreen, with high brightness and 1024×600 resolution. It also includes a high quality graphic thermal printer. However, whilst the WALLE 8T contains all of the high-level physical specifications that are associated with RCH products standard, including a highly elegant design, what sets this new model apart is the high degree of interoperability that is facilitated by the use of Android-based software. This software provides exceptional usability by unifying interface and functionality, allowing businesses to create an adaptable, tailored, flexible solution to their money handling activities.

With intuitive front-end operability and highly flexible back-end analytics and accountancy features, even small retailers now have the opportunity to understand their business and make strategic decisions based on the data they generate.

In addition to the WALLE 8T, RCH will also be demonstrating a range of new product evolutions, with a focus on meeting the aesthetic needs of retail outlets.

Novelty with a Vintage look

Whilst RCH always prides itself on the technological developments that increase the functionality and usability of its products, there is also recognition that supporting the strategic goals of customers will not always spring exclusively from technological innovation alone. The aesthetics and atmosphere of retail venues are key strategic components for a business, and cash registers constitute an incredibly visible element within a store.

For this reason, RCH is proud to introduce the Cortina 59. With metal drawer and printer, the Cortina embodies a stylish, vintage design that fits well into retail environments that are seeking a more nostalgic aesthetic that reminds of past cash registers. Available in five different colours (white, black, blue, red, yellow), the Cortina 59 doesn’t just meet the functional needs of a commercial environment, but in itself becomes a beautiful centrepiece – actively contributing as a piece of decoration and functional furniture. Electronic based capabilities with all of the RCH functionality you expect, embodied in true mechanical charm.

NEW Robust POS product

For retail environments that do favour a modern and slick aesthetic, at the other end of the RCH design spectrum is the A-IRON. Part of the ATOS 15 range – and therefore embodying all of the usability, versatility and functionality expected from RCH’s signature line – the A-IRON combines aluminium and steel into the physical POS unit to enhance an image of modernity and elegance, with clean lines and a solid appearance.

President and CEO of RCH Stefano De Pra, stated: “Our path to innovation is a combination of creativity and market needs, elegant design and functional aspects. Technological innovation sits at the core of our products – as its beating heart, but a diverse range of beautiful external aesthetics makes them fit-for-purpose in a variety of retail contexts. The novel products we are introducing this year at EuroShop will meet the expectations of an international market that appreciates reliability, the use of resistant, robust materials and considered design that combines to create easy-to-use and decorative POS products.”

More information about RCH Group SpA and its products is available at http://www.rch-group.com/

SOURCE: EuropaWire

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RCH Group Highlights at EuroCIS 2019: ATOS 15 Elegant; ABOX 3 2.0; ATOS Software and the Cash Desk K2 XL

RCH Group Highlights at EuroCIS 2019: ATOS 15 Elegant; ABOX 3 2.0; ATOS Software and the Cash Desk K2 XL

TREVISO, Italy, 2019-Feb-04 — /EPR Retail News/ — RCH Group SpA will again exhibit on EuroCIS 2019, which is the leading Trade Fair for Retail Technology taking place in Dusseldorf, Germany from February 19th to 21st, 2019.

The company’s highlights at EuroCIS 2019 will include:

ATOS 15 Elegant
Looking for top of the range elegance at your Point of Sale? Atos 15 Elegant combines pure elegance with high-end technology. Featuring all the functionality and connectivity of the Atos15M, the Atos 15 Elegant comes with a 16:9 fully adjustable monitor that is supported by the stability of a solid chrome-effect base.

ABOX 3 2.0
Bringing a smart revolution to the POS, Abox 3 2.0 is an 80-mm all-in-one Android solution that is bursting with potential. The unit comes pre-loaded with RCH’s renowned open-standard based on ATOS Android software allowing it to remotely connect with any compatible Android device, such as a printer, a tablet and so on. The Abox 3 2.0 has been intelligently designed to deliver heightened efficiency while saving a maximum of space at your sales point. The compact unit is integrated with a 10-inch, 16:9 capacitive touch screen which makes the monitor more responsive to gestures with your fingers such as swiping and pinching.

Our most popular software solution for all android applications.

ATOS Software: Easy Integration with Third Party Applications
RCH’s ATOS software-based Android solutions are founded on open standards and can be easily integrated with various third-party applications and systems (scales, payments, kitchen monitors). ATOS software and its extended modules are fully designed in-house by the company’s Research and Development teams, delivering efficient and streamlined technical support to fully communicate with third-party systems. This results in a secure, reliable and modular product for each market requirement.

Innovating in the evolution of electronic cash systems. Automation adding fast and safe transactions, advanced cash and staff management and innovative POS.

This year for the first time, RCH Group will have group-member, DATA4, exhibit its innovative payment systems on its stand. DATA4 manufactures advanced self-service and automatic systems for the payment of goods and services in cash or electronically. All of DATA4’s automatic payment solutions are based on open source technology and can be easily integrated with various third-party applications and systems. Each system is designed in-house by the company’s Research and Development teams, delivering efficient and streamlined technical support so that the payment terminals fully communicate with third-party systems. The result is a secure, reliable product for every system requirement.

The Cash Desk K2 range includes the XL, Slim and the most recent WALL version.

Cash Desk K2 XL
A payment kiosk can now be a valuable point-of-sale and an additional revenue generator thanks to the Cash Desk K2 XL. The device is integrated with a 43-inch monitor, digital signage technology and self-service payment capabilities. This innovative solution communicates each option and activity to the consumer via the screen, resulting in a more personalised experience in choosing and purchasing goods.

Cash Desk K2 XL is modern in design and style, yet elegant and simple, featuring a frontal area backlit by LED. Furthermore, its uninterruptible power supply ensures that all the transactions are safely executed for 20 minutes after a power cut occurs.

NEW at EuroCIS 2019

Cash Desk K2 WALL
Retaining all the features of a multi-payment kiosk for the issuance of receipts and/or tickets, this compact wall and desk version includes a 17″ monitor and a self-service electronic cash system that can be customised for different applications such as events, food & beverage, retail, wellness and sport facilities.

Across the product range, there are common themes: harnessing the most modern and flexible solutions – particularly making use of cloud-based technology, and increasing convenience and efficiency for the client, particularly in streamlining accounting and cash management processes. Innovative use of both hardware and software in combination drives a solution-based approach to POS cash management and electronic ticketing – and always with a focus on distinguished, stylish and modern Italian design. Enduring elegance, innovation and simplicity of function are what set RCH products apart, and will all be in evidence in Hall 9, Stand B51.

SOURCE: EuropaWire

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High-speed and Smart Billing Solution from Millennium India

MagicBox-Elite

Chennai, India, 2018-Oct-09 — /EPR Retail News/ —  Keeping its endeavor to empower retailers with latest technology to enhance their business, Millennium Soft-tech India today introduced yet another advanced and multi-functional, yet affordable Android Desktop POS solution for Indian businesses who hitherto are striving for futuristic and high-speed POS devices to extend customers with best-in-class in-store experience.

 

MagicBox ELITE Android desktop POS terminal is strikingly similar to MagicBox Plus, which the company has unveiled to small and medium retailers last month, but with a few add-ons. One of the striking features Elite offers is an in-built 3-inch thermal receipt printer (160 mm per sec with auto-cutter) which intends to benefit wholesale and larger business enterprises to speed-up their checkouts and provide customers with more detailed purchase orders, bills and receipts.

 

MagicBox Elite has 11.6-inch screen touch display with HD resolution and IPS technology provides good readability even under bright sun. Bluetooth (4.0), NFC (optional) technology, 2- line LED customer display and Wi-Fi are the other highlights of this POS terminal. The compact, well designed and rugged desktop POS terminal also comes with plenty of USB connectors to connect hardware devices such as external printer and barcode scanner.

 

Commenting on the release of new desktop POS terminal Bhaskar Venkatraman, CEO and Director of Millennium Soft-tech India, said: “Indian retailers are hard-pressed to meet growing customer demand and challenges posed by large peer groups who are equipped with latest billing and store management solutions to offer the best shopping experience to customers.”

 

Bhaskar Venkatraman, Director, Millennium Soft-tech India Pvt Ltd.

“The advent of supermarkets and smart stores in the neighborhoods are compelling retailers to come out of traditional retailing practices and adopt modern technologies as customers, armed with mobile technology, want to connect with retailers through multiple touch-points. So, whoever offers flexible transaction windows, get more customers and business. MagicBox Elite intends to help retailers of any size provide fast and advanced billing solution to customers while automating several in-store activities such as inventory, sales, payments, purchases and CRM,” Bhaskar further stated.

 

The new MagicBox Elite comes with user-friendly retail software application, and shop owners can easily perform GST billing, accept multiple payments, manage inventory in real time, send offers and discounts to valued customers, manage CRM and loyalty programs and generate sales reports for better business forecast and management. Accessible on Cloud, retailers can get store information in real time anywhere and can take crucial business decision on the go.

 

“MagicBox Elite offers versatile POS solutions for retailers belong to myriad business verticals. From small, medium to large grocery stores, departmental stores, food stalls, bakery shops, diagnostic and testing labs to medical stores, dairy business, electrical and home appliance showrooms, footwear shops and hospitality industry can use Elite to provide the best-in-class customer experience,” concluded Bhaskar.

About Millennium India

 

Established in 2002, Millennium Soft-Tech (India) Pvt Ltd has been in the forefront of providing Point of Sale (POS) technology products and solutions to Indian businesses through astute marketing strategy supported by huge partners’ network across India.

 

Having associated with world’s leading POS brands, Millennium understands the growing demands of retailers better than anyone else irrespective of their size, stature and nature of business, and offers comprehensive, advanced and sustainable solutions to enhance their businesses.

 

Headquartered in Chennai and having branches all major cities in India, Millennium has a clear vision of empowering millions of unorganized small and medium enterprises spread across the country by automating their transaction activities and make them competitive with established market peers.

 

As the national distributor of leading multinational POS brands including Epson, Posiflex, Casio, Toshiba, Honeywell, Godex, and Opticon, Millennium offers POS solutions to corporate brands, retail giants and SMEs across India.

For further information, contact:

 K Ramanathan

Content Head & Media Coordinator,

Millennium Soft-Tech (India) Pvt Ltd, G-19,2nd Floor,

Block-16, 2nd Main Road

Ambattur Industrial Estate, Chennai -600 058

Phone: +91-9384612789/ +91-917 666 2020

Email: ram(at)Justransact(dot)com

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DATA4 Product Highlights at Kiosk Summit 2018: Cash Desk K2 Slim; ATOS 15 ELEGANT; Open Standards-Based Hardware; Functional and Elegant Designs

DATA4 Brings Pioneering Payment Systems to Kiosk Summit 2018

TREVISO, Italy, 2018-Aug-27 — /EPR Retail News/ — DATA4, manufacturer of innovative self-service and automatic systems for the payment of goods and services in cash or electronically, will showcase its latest POS innovations at Kiosk Summit 2018 on stand 6. Kiosk Summit is Europe’s only dedicated event for organisations and individuals, who utilise self-service technology to interact with their clients, streamline their customer journey and gain increased efficiency by using cutting-edge interactivity. The event will take place on September 27h next in London.

This year, DATA4, RCH Group-member, will exhibit its innovative solutions integrated with RCH’s advanced point of sale systems for the retail, food and beverage, and the public administration sector:

“We are delighted to have the opportunity to return to Kiosk Summit this year and demonstrate to visitors how our revolutionary payment kiosks can be an additional Point of Sale,” said Michele Stecca, General Manager, DATA4 Srl. Cash Desk K2, in particular, is already proving its worth in helping to reduce queues and the need for people management in busy airport terminals, exhibitions, cinemas, museums and restaurants. In today’s rapid-paced world, the right tools and technology must be in place to streamline the customer journey and speed up the transactions process while at the same time ensuring the highest standard of service. DATA4’s state-of-the-art payment systems make this possible.”

Product Highlights at Kiosk Summit 2018

Cash Desk K2 Slim
Retaining all the features of a multi-payment kiosk for the issuance of receipts and/or tickets, Cash Desk K2 Slim is an automatic device specifically destined for electronic payments. Eliminating the task of handling cash transactions results in a product that’s thinner and smoother in the movements. The device boasts a fast and simple user interface, indicating each operation to be carried out step by step with the aid of visual indicators (LEDs). A multi-lingual and interactive menu allows customers to pay for their goods or services in three easy steps.

For the merchant, the self-service Cask Desk K2 Slim can significantly improve and streamline operations so that long queues are avoided, cash handling is eliminated, and staffing requirements and labour cost are reduced. For the catering industry, hygiene can be improved as the person responsible for preparing foods no longer needs to handle physical money.

ATOS 15 ELEGANT
ATOS 15 Elegant combines pure elegance with high-end technology and comes with a 16:9 fully adjustable monitor that is supported by the stability of a solid chrome-effect base. Efficient hardware coupled with intelligent software makes ATOS 15 Elegant the ideal tool for any Point of Sale. The unit comes with an optional rear customer display that completes its maximum expression of functional elegance. This customer display is available in two different sizes, allowing the merchant to either present the customer with a list of purchased items or alternatively to display its own graphics visualising the consumptions on sale. This back graphic display can be cleverly used as an advertising tool to broadcast the latest news and in-store promotions, giving added value to any POS.

Multiple connections including Ethernet, USB and Micro SD allowing the ATOS 15 Elegant to pair with printers, tablets and scanners are all standard. An NFC reader, an MFC magnetic card and an I-Button are additional options with this innovative and eye-catching POS system.

Open Standards-Based Hardware
All of DATA4’s and RCH’s innovative solutions are based on open source technology and can be easily integrated with various third-party applications and systems. Each system is designed in-house by the company’s Research and Development teams, delivering efficient and streamlined technical support so that the payment terminals fully communicate with third-party systems. The result is a secure, reliable product for every system requirement.

Functional and Elegant Designs
Highly intelligent on the inside, elegant and compact on the outside, each product has a distinguished and modern design made in Italy. A DATA4 and an RCH product is characterised by its perfect combination of elegance with the simplicity of functionality.

More information about DATA4 and its products is available at http://www.data4.it/?lang=en

SOURCE: EuropaWire

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NEW AT FAFGA 2018: ATOS NOW WITH STYLISH AND ROBUST VESA MOUNT AND ARM

NEW AT FAFGA 2018: ATOS NOW WITH STYLISH AND ROBUST VESA MOUNT AND ARM

TREVISO, Italy, 2018-Jul-23 — /EPR Retail News/ — Technology is revolutionising the way in which we live and do business. In the hospitality industry where speed and quality of service is critical, organisations must embrace the latest POS technology if they are to maintain a competitive edge in today’s fast-paced digital world. FAFGA is the leading trade fair for the hotel and catering sector, taking place in Innsbruck, Austria from September 10th to 13th 2018.

Following a very successful show in 2017, RCH Group is returning to FAFGA for a second year to fortify its presence in the region and to demonstrate how its hardware and software smart selling solutions are revolutionising the Point of Sale as we know it. This time though, RCH Group will be represented by RCH Europe, the European operation launched in January 2018 and headquartered in Innsbruck. In Hall B0 on Stand 62A, visitors will see and experience a number of powerful cloud-based solutions, catering specifically to one or more points in the sales cycle. Each RCH product is based on decades of research and development and capable of interoperating with third-party systems.

The opening of RCH Europe in Austria has quickly enabled RCH Group to provide more effective and faster local support to its customers and reseller partners, further enhancing the trustworthy business relationships and high level of customer service that the company is renowned for. The increasing European customer base coupled with the necessity to have centralised operations to handle all regional deployments and after-sales technical support made Austria the ideal location.

“We attended FAFGA for the first time in 2017 and quickly discovered the exceptional opportunity the fair provided in accessing the right people within the hotel and catering business,” said Paolo Biasone, Sales Manager Austria and Germany at RCH Europe. “RCH Group has a long-standing history in providing POS solutions to the global hospitality and food and beverage industries. Given the increase of our European client base, notably in Austria and Germany, it therefore made absolute sense to base our European Headquarters in Innsbruck, close to our local customers. We look forward to meeting with current and new contacts at this year’s show.”

NEW at FAFGA 2018:

ATOS NOW WITH STYLISH AND ROBUST VESA MOUNT AND ARM
In response to end-users increased need for space reduction, RCH Europe will be launching at FAFGA an upgrade to the ATOS product range, which now comes complete with a wall mount and arm in accordance with the VESA Mounting Interface Standard. This thin mounting bracket provides an excellent space-saving solution for all catering facilities, allowing traders to mount the ATOS screen directly on to a wall, thus creating a clutter-free workspace. As like all RCH products, this new VESA mount is a functional, easy to use and aesthetic tool that is beautifully designed with the elegant Italian touch.

Additional Products on display at FAFGA 2018:

ATOS 15 ELEGANT
ATOS 15 Elegant combines pure elegance with high-end technology and comes with a 16:9 fully adjustable monitor that is supported by the stability of a solid chrome-effect base. Efficient hardware coupled with intelligent software makes ATOS 15 Elegant the ideal tool for any Point of Sale. The unit comes with an optional rear customer display that completes its maximum expression of functional elegance. This customer display is available in two different sizes, allowing the merchant to either present the customer with a list of purchased items or alternatively to display its own graphics visualising the consumptions on sale. This back graphic display can be cleverly used as an advertising tool to broadcast the latest news and in-store promotions, giving added value to any POS.

Multiple connections including Ethernet, USB and Micro SD allowing the ATOS 15 Elegant to pair with printers, tablets and scanners are all standard. An NFC reader, an MFC magnetic card and an I-Button are additional options with this innovative and eye-catching POS system.

ABOX 3 2.0
Bringing a smart revolution to the POS, Abox 3 2.0 is an 80-mm all-in-one Android solution that is bursting with potential. The unit comes pre-loaded with RCH’s renowned open-standard based on ATOS Android software allowing it to remotely connect with any compatible Android device, such as a printer, a tablet and so on. The Abox 3 2.0 has been intelligently designed to deliver heightened efficiency while saving a maximum of space at your sales point. The compact unit is integrated with a 10-inch, 16:9 capacitive touch screen which makes the monitor more responsive to gestures with your fingers such as swiping and pinching.

ATOS SOFTWARE: EASY INTEGRATION WITH THIRD PARTY APPLICATIONS 
RCH’s ATOS software-based Android solutions are founded on open standards and can be easily integrated with various third-party applications and systems (scales, payments, kitchen monitors). ATOS software and its extended modules are fully designed in-house by the company’s Research and Development teams, delivering efficient and streamlined technical support to fully communicate with third-party systems. This results in a secure, reliable and modular product for each market requirement.

This year for the first time, RCH Group will have group-member, DATA4, exhibit its innovative payment systems on its stand. DATA4 manufactures advanced self-service and automatic systems for the payment of goods and services in cash or electronically. All of DATA4’s automatic payment solutions are based on open source technology and can be easily integrated with various third-party applications and systems. Each system is designed in-house by the company’s Research and Development teams, delivering efficient and streamlined technical support so that the payment terminals fully communicate with third-party systems. The result is a secure, reliable product for every system requirement.

Cash Desk K2 Slim 
Retaining all the features of a multi-payment kiosk for the issuance of receipts and/or tickets, Cash Desk K2 Slim is an automatic device specifically destined for electronic payments. Eliminating the task of handling cash transactions results in a product that’s thinner and smoother in the movements. The device boasts a fast and simple user interface, indicating each operation to be carried out step by step with the aid of visual indicators (LEDs). A multi-lingual and interactive menu allows customers to pay for their goods or services in three easy steps.

“RCH was the first European company to introduce an Android interface for use in POS,” said Paolo Biasone, Sales Manager Austria and Germany at RCH Europe. “The Point of Sale is shifting towards a cloud-based environment, allowing merchants to remotely monitor and manage their systems from any device. Our back office enables to monitor in real time the sales of each cash point from any device, such as a tablet, PC or smartphone and it also provides the full management of the system’s programming, including personal registry, operators, customers, system configuration, and so on.”

RCH’s products, characterised by a perfect combination of elegance with the simplicity of functionality, are conceived to be at the centre of the point of sale. Smart on the inside, each product has a distinguished and modern design made in Italy.

More information about RCH Europe and RCH Group is available at http://www.rch-europe.de/ and http://www.rch-europe.com/. Further information about DATA4 and its products is available at http://www.data4.it/?lang=en

SOURCE: EuropaWire

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Millennium Soft-Tech Launches All-in-one Android POS for Retailers

New Delhi, India, 2018-Jul-23 — /EPR Retail News/ —  Millennium Soft-Tech India, a pioneer in delivering innovative Point of Sale (POS) technology products and solutions to the fast-growing retail Industry in India, today launched an array of powerful Android billing solutions under MAGICBOX brand series for retail establishments who can now experience ease of doing business while achieving supreme customer engagement.

Millennium offers four variants of MagicBox to retail businesses – MagicBox Mobile POS and desk top series MagicBox-Plus; MagicBox-Elite and MagicBox-Pro which are suitable for small, medium and large retail businesses.

 

 

 

 

 

 

 

 

As a breakthrough POS technology, MagicBox Plus, Elite and Pro can make stores generate unique shop code in the form of 2D barcodes to enable customers pay through their smart phones.

Speaking on the release of MagicBox POS series, Mr Bhaskar Venkatraman, CEO and director of Millennium Soft-Tech India said: “MagicBox devices are an attempt to automate Indian retail industry where almost 90 per cent of our retailers are still using traditional means to transact and manually operate critical functions like stock management, sales records, purchase data, CRM and employees’ performance. Through MagicBox we are offering them unmatched technology to automate their operations in affordable cost. Also, retailers can utilize Cloud to back-up their critical sales and other data thereby saving huge overhead cost. MagicBox variants are made as plug-in-and-transact types which intend to help retailers improve sales and better shopping experience for customers.”

MagicBox M-POS

Targeting micro level unorganized retail businesses such as petty shops, tea shops and other small and medium businesses such as kirana /grocery or convenio stores, who are finding hard to match up to their technologically advanced peers, MagicBox – Mobile POS terminals are hand held mobile POS devices with 2” receipt printer, 2D barcode scanner and powerful billing software which can do anytime-anywhere billing, customer relation management, inventory tracking and accept myriad of payments – cash, card, cheques, e-wallets or e-coupons.

The other highlights of this M-POS device include – 5.5” touch screen, Wi-fi / GSM and Bluetooth compatibility, Powerful Quadcore Processor and long battery life. This device is being packaged with a pocket-sized payment terminal for transaction through credit/debit cards.

MagicBox Plus

MagicBox-Plus Android desktop POS has been made for retailers who are looking for smaller, smarter, yet powerful mobile POS solutions. The Android (6.0) device has Qualcomm Snapdragon615 octa-core processor, 8GB internal memory, ideal to host POS software and Bluetooth and Wi-Fi compatibility. Despite smaller in size, MagicBox Plus offers integrated 2-inch (58mm) printer and NFC (optional) technology along with 11.6 HD adjustable touch display and elegant but rugged design to the customers.

The pre-loaded software application supports critical features such as anytime-anywhere billing, Inventory management, Spot offers/discounts, CRM, loyalty program, to name a few.

MagicBox Elite

MagicBox Elite Android desktop POS terminal is almost similar to MagicBox Plus but with a few added features. One of the striking features Elite offers is a 3” receipt printer which will be useful for traders who want to make invoices and larger billing functions.

MagicBox Elite has 11.6″ screen touch display with HD resolution and IPS technology provides good readability even under bright sun. Bluetooth (4.0) and Wi-Fi are the other highlights of this POS device. The compact desktop POS terminal also has plenty of connectors (4 × USB, 1 × microUSB and a card slot).

MagicBox Pro

MagicBox Pro is the large desktop POS terminal having 14-inch full HD resolution adjustable touch display and can be used for multiple functions in any size of retail environment. MagicBox Pro offers two options – 0ne with a single front-end display and the other has extra customer display fitted on the back side. Customer display screen has two sizes : 7-inch and 14-inch.

 

Business owners can choose the size according to their requirement. The second display screen makes customers see the billed items. MagicBox Pro has eight-core processor which gives plenty of power. The whole system is running on Android 6.0 Operating System. The other highlights of this POS terminal are an integrated 3-inch (80mm) high-speed thermo-sensitive printer (200 mm/s) with a cutter and Wi-Fi and Bluetooth compatibility.

Bhaskar Venkatraman, Director and CEO, Millennium India

About Millennium India

 Established in 2002, Millennium Soft-Tech (India) Pvt Ltd has been in the forefront of providing Point of Sale (POS) technology products and solutions to Indian businesses through astute marketing strategy supported by huge partners’ network across India.

Having associated with world’s leading POS brands, Millennium understands the growing demands of retailers better than anyone else irrespective of their size, stature and nature of business, and offers comprehensive, advanced and sustainable solutions to enhance their businesses.

Headquartered in Chennai and having branches all major cities in India, Millennium has a clear vision of empowering millions of unorganized small and medium enterprises spread across the country by automating their transaction activities and make them competitive with established market peers.

As the national distributor of leading multinational POS brands including Epson, Posiflex, Casio, Toshiba, Honeywell, Godex, and Opticon, Millennium offers POS solutions to corporate brands, retail giants and SMEs across India.

For the latest news and informative blogs on Point of Sale technology, visit us @ https://www.justransact.com/knowledgebase/pos-technology-blog

 

For Media Contact

K Ramanathan

Content Head & Media Coordinator,

Millennium Soft-Tech (India) Pvt Ltd, G-19,2nd Floor,

Block-16, 2nd Main Road

Ambattur Industrial Estate, Chennai -600 058

Phone: +91-9384612789/ +91-917 666 2020

Email: ram (AT)justransact (DOT)com

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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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RCH Group at EuroCIS: Convenience, personalisation, and speed of transaction key for customer satisfaction in retail

ITALY, 2018-Feb-06 — /EPR Retail News/ — Technology plays a crucial role in the modern world of retail, affecting all areas of the sales cycle from inventory management right through to pricing and customer experience. EuroCIS is the leading trade fair for the retail technology sector, taking place in Dusseldorf, Germany from February 27th to March 1st, 2018.

RCH Group SpA is once again taking the opportunity provided by EuroCIS to demonstrate how it is responding to the requirements of this fast-paced digital era. Visitors to Hall 10, Stand E59 will view a range of hardware and software solutions based on decades of technological research and innovation. Each solution caters specifically to one or more points in the sales cycle.

“Convenience, personalisation, and speed of transaction are key success factors for customer satisfaction in retail,” states Michele Stecca, Director of Exports at RCH Group. “In our digital world, consumers expect multichannel sales points where they can decide if they want to shop online or physically instore via a self-service kiosk or with a cashier. Intelligent technology that can merge the old with the new, offline with online, providing tools to monitor and manage all aspects of the sales cycle will allow retailers to deliver a fast, convenient and personalised shopping experience while retaining customer loyalty.”

RCH’s products are conceived to be at the centre of the point of sale. Smart on the inside, each product has a distinguished and modern design made in Italy. An RCH product is characterised by its perfect combination of elegance with the simplicity of functionality.

More information about RCH Group is available at http://www.rch-europe.com/ Further information about DATA4 and its products is available at http://www.data4.it/?lang=en

SOURCE: EuropaWire

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RCH Europe presents smart hardware and software technologies for the management and automation of POS at Intergastra 2018

RCH Europe presents smart hardware and software technologies for the management and automation of POS at Intergastra 2018

INNSBRUCK, Austria, 2018-Jan-16 — /EPR Retail News/ — RCH Europe, the provider of advanced point of sale systems for the retail, food and beverage, and the public administration sector will showcase its latest range of hardware and software solutions at Intergastra 2018 (at Messe Stuttgart on Stand 7.C70). RCH Europe is the new international operation recently launched by RCH Group SpA to support its growing activities outside Italy, especially in the German-speaking markets.

“The convergence of digital and mobile technologies has transformed the way in which we do business, said Michele Stecca, Director of Exports at RCH Group. “To stay abreast of consumers evolving needs, merchants require intelligent software that can communicate with any device, whether it is connected via a cable or in the cloud. At Intergastra visitors will have the opportunity to see the benefits of using our smart hardware and software technologies in the management and automation of POS.”

Highlights at INTERGASTRA 2018

CLOUD SUPPORT
RCH was the first European company to introduce an Android interface for use in POS.

The Point of Sale is shifting towards a cloud-based environment, allowing merchants to remotely monitor and manage their systems from any device.

The back office provided by RCH is divided into two distinct sections: the first part allows merchants to monitor in real time the sales of each cash point from any device, such as a tablet, PC or smartphone. The second part enables complete management of the system’s programming, including personal registry, operators, customers, system configuration, and so on.

PRP 58 PORTABLE PRINTER
The company is now expanding its product line with the release of the PRP58 non-fiscal printing system. The PRP58 allows users to print bills from the waiter’s application bundled with Atos Software, for example.

ATOS Software: EASY INTEGRATION WITH THIRD PARTY APPLICATIONS
RCH’s ATOS software-based Android solutions are founded on open standards and can be easily integrated with various third-party applications and systems (scales, payments, kitchen monitors). ATOS software and its extended modules are fully designed in-house by the company’s Research and Development teams, delivering efficient and streamlined technical support to fully communicate with third-party systems. This results in a secure, reliable and modular product for each market requirement.

Smart and Elegant Designs
RCH’s products are conceived to be at the centre of the point of sale. Smart on the inside, each product has a distinguished and modern design made in Italy. An RCH product is characterised by its perfect combination of elegance with the simplicity of functionality.

RCH Europe is a member of the RCH Group that designs, produces and sells fiscal printers, fiscal and non-fiscal cash registers, and Point of Sale (POS) hardware and software. Since its foundation over 48 years ago, the company’s products, all conceived in Italy, are recognised across several markets for their advanced technology, smart designs, and ease of use.

More information about RCH Europe and RCH Group is available at http://www.rch-europe.de/ and http://www.rch-europe.com/

SOURCE: EuropaWire

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RCH: smart devices and cloud-based software become increasingly important for the effective and timely management and automation of POS

Treviso, ITALY, 2018-Jan-09 — /EPR Retail News/ — RCH Group SpA, a provider of advanced point of sale systems for the retail, food and beverage, and the public administration sector, today announced the launch of the European headquarters of its subsidiary, RCH Europe, in Innsbruck, Austria. This new centre of operations will support the company’s growing activities across the region. Overseeing this endeavour is RCH Overseas Sales Director, Michele Stecca.

The opening of the company’s European headquarters comes as it expands its product offering with the addition of cloud-based software and smart technology capabilities and applications. RCH’s products are based on open standards technology and can be easily integrated with various third-party applications and systems.

“This is an exciting time for RCH Europe and marks a major milestone for our company as we expand our presence across European markets”, said Michele Stecca, RCH Overseas Sales Director. “With the advent of mobile technology, the necessity of smart devices and cloud-based software is becoming increasingly important for the effective and timely management and automation of POS.”

2017 was a pivotal year for the company with new deployments in several countries across Europe. An increasing European customer base coupled with the necessity to have centralised operations to handle all regional deployments and after-sales technical support led the company to Austria.

RCH Europe designs, produces, and sells fiscal printers, fiscal and non-fiscal cash registers, and Point of Sale (POS) hardware and software. Since its foundation over 48 years ago, the company’s products, all conceived in Italy, are recognised across several markets for their advanced technology, smart designs, and ease of use.

The expansion of RCH in Europe is a step forward towards strengthening and growing the company’s portfolio of clients. The new office also represents the extension of the RCH team, as the company will offer new job opportunities in the Innsbruck office.

More information about RCH Europe and its products is available at http://www.rch-europe.com/

SOURCE: EuropaWire

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Millennium India All Set to Regale FoodPro 2017 with Innovative POS Technology

CHENNAI, India, 2017-Sep-11 — /EPR Retail News/ —   Millennium India, the pioneer in Point of Sale (POS) technology in India, will be part of over 300 strong contingent of business verticals who will be showcasing their products, services and technology associated with food and beverage industry at the three-day Foodpro 2017 exhibition which will be held from September 7 at Chennai Trade Centre, Chennai.

Millennium has been partnered with Allmark Solutions, a leading weighing scale and other store infrastructure products supplier, along with well-known POS brands POSIFLEX, HONEYWELL and GoDEX to showcase their technology prowess on Point of Sale and other supportive products to business visitors, vendors and prospective entrepreneurs at the event.

The 12th edition of Foodpro 2017 is India’s biennial event on Food Processing, Packaging & Food Technology, organized by the Confederation of Indian Industries (CII).

The food expo will witness exhibitors dealing with food processing technology and machinery, refrigeration and cold chain system, process and packaged food, bakery equipment, kitchen equipment, hospitality products, barcoding and Point of sale technology will look forward for new business opportunities, collaborations, networking and brand promotion and will get updates on innovations and technology.

Bhaskar Venkatraman

On being part of the mega food expo, Bhaskar Venkatraman, CEO and Director of Millennium India said: Foodpro gives an opportunity to showcase our entire range of products to retail businesses which include, manufacturers, re-sellers, hospitality owners, packaging, food processing, cold storage and other logistics service providers. We have world-class technology products of Point of Sale and other store supportive products, and we are here to enhance the awareness of retail business owners on the advantages of using top-notch POS products for their business growth.”

Commenting on the importance of conducting such an event, a CII official said: “India continued to be one of the top producers in number of food grains, fruits, dairy products and poultry & meat products. At the same time, we lag behind most of the developed countries and also some of the developing Southeast Asian countries in terms of processing and value addition. This is resulting in lower returns on investments, very high wastage (up to 28% in some cases) and lower shelf life. Hence it is essential to increase the awareness on the importance of food processing and packaging. FOODPRO exhibition will help businesses to work towards adding value to processed foods and increase shelf life.”

To add value to the show and focus of the growing food sector, CII has added two more verticals – ColdStoRe and T-Food – as concurrent shows to Foodpro2017.

ColdStoRe will focus on the complete cold chain right from primary cold storage facility for food grains and fruits at Farm Level to high end cold storage for meat and food products including the important sector of Cold / Refrigerated Transportation.

Exhibitors profile will include companies that provide equipment, tools, and technologies that support the infrastructure and operations of the cold chain from design to build & operate. The focus will also be on third-party cold storage and refrigeration logistics and all forms of refrigerated transportation, Import/export facilities and services.

T-Food, a traditional food festival will try to bring the awareness about the traditional and local foods. This show will showcase the processed traditional food in healthy way, newer recipes of cooking traditional foods and will provide an opportunity to entrepreneurs to show case the developments in processing of traditional food.

CII will be organizing conferences on food processing technology, cold chain technology and workshop on traditional food with demonstration which will be addressed and conducted by experts in respective fields.

The event will be an ideal platform for the above profile companies to further strengthen their business and brand awareness and also to showcase their latest solutions to the user industry across sector.

About Millennium India

Established in 2002, Millennium Soft-Tech (India) Pvt Ltd has been in the forefront of providing Point of Sale (POS) technology products and solutions to Indian businesses through astute marketing strategy supported by huge partners’ network across India.

Having associated with world’s leading POS brands, Millennium understands the growing demands of retailers better than anyone else irrespective of their size, stature and nature of business, and offers comprehensive, advanced and sustainable solutions to enhance their business.

Headquartered in Chennai and having branches all major cities in India, Millennium has a clear vision of empowering millions of unorganized small and medium enterprises spread across the country by automating their transaction activities and make them competitive with established market peers.

As the national distributor of leading multinational POS brands including Epson, Posiflex, Casio, Toshiba, Honeywell, Godex, and Opticon, Millennium offers POS solutions to corporate brands, retail giants and SMEs across India.

For Media Contact:

K Ramanathan

Content Head and Media Coordinator,

Millennium India, India.

hand phone: +91 9384612789

email: ram (at) justransact (dot) com

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ScanSource POS and Barcode announce PASS Program; simplifies the payments hardware process for resellers and their customers

Greenville, SC, 2017-Aug-11 — /EPR Retail News/ — ScanSource POS and Barcode, the leading global provider of automatic identification and data capture (AIDC) and point-of-sale (POS) solutions, and a business unit of ScanSource, Inc. (NASDAQ: SCSC), has announced its PASS Program, which simplifies the payments hardware process for resellers and their customers. ScanSource created this program in conjunction with POS Portal, a leading distributor of payment devices and services, whom ScanSource recently acquired.

The PASS program simplifies the process of adding payment terminals to resellers’ offerings so that they can supply a total solutions package for their customers. Once a complete solution is sold, ScanSource resellers can then refer customers to POS Portal to further establish customer needs. A Payments Device Specialist will then contact customers directly to match their solutions with certified configurations, sell hardware that is already configured and ready to use upon shipment, and field service and support calls. Further, for every device sold to an end user, resellers will receive a one-time commission.

“Payments hardware is not always easy – getting a customer set up often requires secure environments and strict protocols, but our PASS Program helps resellers find the right products and expertise to ensure a seamless process,” said Paul Constantine, Co-President, Worldwide Barcode, Networking and Security for ScanSource, Inc. “We’re happy to offer this new program to our resellers in order to supply the best possible payments assistance.”

“At InterDyn BMI, we consider POS Portal to be a member of our own retail team,” said Ashley Gallegos with InterDyn BMI, a POS Portal customer. “When referring clients to POS Portal, we can always trust that they will be treated with the same professionalism and care that we would give them ourselves, and we appreciate that POS Portal walks the customer through the complex process of configuring devices, configures those devices correctly, and ships them quickly – all at a reasonable price.”

“The PASS program eases the pain of managing and supporting credit card terminals, giving resellers a direct and knowledgeable resource to turn to for their terminal support and configuration,” said Buzz Stryker, CEO, POS Portal. “The program was designed to help free up resellers’ time so that they can focus on their core business.”

With the PASS program, resellers can dedicate their time to signing new customers, instead of deciphering payments hardware problems. As each customer has differing hardware needs, the PASS program offers hundreds of pre-certified solutions available to deploy quickly and ready to work upon arrival. To learn more, and for additional information regarding the PASS Program, please visit www.scansourceposbarcode.com.

About ScanSource, Inc.

ScanSource, Inc. (NASDAQ: SCSC) is a leading global provider of technology products and solutions, focusing on point-of-sale (POS), barcode, physical security, video, voice, data networking and technology services. ScanSource’s teams provide value-added solutions and operate from two segments, Worldwide Barcode, Networking & Security and Worldwide Communications & Services. ScanSource is committed to helping its resellers and sales partners choose, configure and deliver the industry’s best solutions across almost every vertical market in North America, Latin America and Europe. In August 2016, ScanSource entered the recurring revenue telecom and cloud services market through its acquisition of Intelisys, the industry’s leading technology services distributor. Founded in 1992, the Company is headquartered in Greenville, South Carolina and was named one of the 2017 Best Places to Work in South Carolina. ScanSource ranks #647 on the Fortune 1000. For more information, visit www.scansource.com.

Contact:

Melissa Andrews
Title: Public Relations Manager
Phone: 864.286.4425

Source: ScanSource, Inc.

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GST can be a Game Changer for Indian Economy

Chennai, India, 2017-Jun-29 — /EPR Retail News/ —  When the clock strikes midnight on June 30th, it not only will herald the customary arrival of a new month, but also a historic moment in the post-Independence era as the country will be joining other major powers in the World in adopting Goods and Service Tax (GST), which aims to bring in a uniform tax regime for various Goods and Services traded across the vast nation.

Bhaskar Venkatraman, CEO and Director of Millennium India

The government headed by Prime Minister Narendra Modi has made elaborate arrangements to take the nation to the new tax reform at the Central Hall of the Parliament, and prominent leaders and personalities are going to witness the midnight gala.

But what is GST for the vast and fast-growing retail sector in India? How the Manufacturers, Distributors, Dealers and Retailers are going to be involved in the uniform tax system? Whether the end customers will bear the brunt or going to enjoy the fruits of the single tax system?

GST stands for Goods and Services Tax. This single tax system will supersede all state and central taxes including Value Added Tax, entry tax, octroi and other mundane taxes, and introduce one single tax right from manufacturers, distributors, dealers to local vendors. GST also avoids cascading taxes which ultimately reflects on the prices of the commodities.

How GST will impact the Point of Sale (POS) sector, which has been the bellwether of the BJP government to make the country a cashless economy?

POS is one of the major pillars of the retail sector which supplies hardware components like credit/debit card swiping machines, inventory management tools and POS terminals such as cash registers, barcode scanners, barcode printers, cash drawers to name a few.

Speaking about the impact on the retail sector, Bhaskar Venkatraman, Director and CEO of Millennium India, a group involved in marketing some of the world’s top POS hardware machines to Indian retailers for the last two decades, said: “GST will make the retail sector more organized as more than 85 per cent of the businesses in India are unorganized and need to be regularized. With GST, there will be a single transparent tax structure throughout the supply chain and clear mechanism to calculate the taxes at various levels. Since several daily use items are exempted from the purview of the GST, people will benefit out of it as some of them will witness decrease in price post GST.”

For retail sector, Bhaskar Venkatraman, who also introduced India’s first and only e-commerce shop (justransact.com) to make top branded POS technology products available online to retailers, said it will be a win-win situation for retail businesses as they are now out of the complex tax laws and filing processes.

On the GST’s impact on POS sector, Bhaskar said: “The net impact on the pricing (of POS products) would be very minimal and in fact would boost the consumption. While in the short-term, GST could be perceived as a tough stance for growth, in the longer run, the retail sector would benefit immensely only to gain because of price harmonization and smooth flow of material across the country.”

Then, what is GST for end customers? The burden or benefit would finally be on the end consumers but an overall win-win situation would prevail, concludes Bhaskar.

 

Media Contact:

K Ramanathan

Media Coordinator, Millennium India

ram@justransact.com

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Cashless Drive will Push India’s Retail Sector to New High

Chennai, India, 2017-Mar-22 — /EPR Retail News/ —  The Government’s ambition to make India a cashless economy was further vindicated by its recent Budget proposals for 2017-18 which have series of measures aiming at pushing cashless transactions even by small retailers across India.

The government has made its intention clear when it first introduced Aadhaar (smart) ID cards as mandatory document to open bank accounts, and later linked all existing account holders and LPG subsidy beneficiaries to prevent malpractices.

But there was still a lot of (unaccounted) cash on circulation and more than 90 per cent of transactions were happening through cash in India with corruption reining high at all levels. The demonetization of higher order currencies announced last November was the last nail in the coffin to rid wide-spread corruption, black money and fake currencies, the three major elements which were weakening the very basic pillars of our economy.

The demonetization has indeed created acute cash crunch forcing people to use plastic money and digital transactions. It was definitely a calculative move by the government to make cash scarce and restricting daily withdrawal limits in banks, so that it can effectively push cashless dealings by individuals and traders.

However, it is grossly inadequate to cater over one billion populace with a meager 1.5 million card swiping POS machines presently offered by banks to retailers.

The retail sector, which is experiencing fast-track growth offering over 10 per cent share to the country’s GDP, presently needs at least five million POS machines to meet the existing demand from retail traders. Looking at the future demand for such devices, we need to scale up this figure to 10 million by 2020.

Though banks were instructed to provide three million POS machines by March 2017, the difficulty to procure make-in-India Mobile POS machines has forced many to look for such devices from countries like China, Taiwan, Japan and European nations. Sensing the delay in getting machines in time, the government has recently relaxed the rules for BIS certification for imported POS machines, which will further reduce the cost and speed up the process of equipping traders with mobile POS devices to do cashless transactions.

The unprecedented demand for mobile POS machines in India has made several local businesses vying to consolidate their position by introducing alternate payment solutions such as mobile wallet or digital wallet using smart phones to Indian retailers. The demand for POS machines has also opened a plethora of opportunities for growth for companies manufacturing and marketing POS machines such as magnetic card readers, POS terminals to do retail billing and other allied devices such as receipt printers, barcode scanners, barcode printers, cash registers, etc.

As Point of Sale remains the lifeline for Indian retail sector, the large scale    usage of POS technology which involves software-driven POS system to carry out host of business operations including desktop billing, mobile billing, cashless transaction using credit or debit cards, inventory management, staff management, customer relation management, multi-store sales tracking, and hosts of other back-end operations crucial for business growth.

Today we have a number of grocery retail stores coming up across the country which offer customers a unique shopping experience with modern POS machines and latest mobile technology, which also help automate their business for better performance and growth. POS has changed the way people shop for their daily needs compared to few years ago.

Retail businesses using mobile card payment option has indeed helped many augment their business. With government announcing a lot of sops for POS sector in its Budget for 2017-18 fiscal, the intention is clear to make the country a cashless economy treading through ‘Point of Sale’. The move will further trigger the already fast-paced retail sector to worth a whopping USD one trillion by 2020 from the present 600 million.

As majority of POS payment devices need to be imported (to meet the target of three million POS machines by March 2017), the government has eased the import norms to make it available freely in the Indian market. The Union budget has proposed tax exemptions in basic customs duty, special additional duty and excise duty for manufacturers of PoS card readers, fingerprint readers, mobile PoS (mPoS) and iris scanners.

The tax exemptions will encourage domestic manufacturers to produce card swipe machines and biometric devices in reduced cost which will strengthen better penetration for digital and Aadhaar-enabled payment systems.

Bhaskar Venkatraman speaks on Union Budget for 2017-18 and its impact on Indian retail sector and POS technology products.

“Millennium India is looking at it as a great opportunity to reach out to millions of retailers with latest POS technology products which include mobile card swipe machines, mPOS devices, POS terminals and other allied devices which will help strengthen digital payment environment in the country. As demand is going to be unprecedented in the coming years, apart from managing through offline marketing, we are also pushing POS devices through our e-commerce arm justransact.com, an exclusive online marketplace for POS technology products,” says Bhaskar Venkatraman, CEO and Director of Millennium Soft-Tech (India) Pvt Ltd and JusTransact.com.

The budgetary proposal to impose banking cash transaction tax on withdrawals above Rs 50,000 will further push customers towards digital transactions. This, along with abolishing of merchant discount rates charges on usage of credit/debit card and giving 50 per cent subsidy on biometric devices will bring more small traders towards cashless transaction. This will also encourage them to use POS machines as they no longer lose revenue in each card transaction.

So, there will be huge demand for POS products in India in the coming years from retailers and POS sector is gearing up to meet the demand and become major stake holder for retail sector’s growth metrics.

After ‘digital India’ initiative, the government’s latest push to make the country a cashless economy  through demonetization and digital payments will create windfall for POS manufacturers and dealers in India as the demand for such devices are going to witness astronomical rise in the coming months.

 

For Media Contact: 

K Ramanathan

ram@justransact.com,  ram.justransact@gmail.com

Millennium Retech Ventures India Pvt Ltd,

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

91+ 9384612789

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Millennium India Bags Best Partner Award from Honeywell

Chennai, India, 2017-Mar-13 — /EPR Retail News/ —  Leading POS technology provider Millennium Soft-Tech India has bagged the “Highest Growth Partner Award for 2016” from the multinational conglomerate  Honeywell India.

The award was presented to Millennium India, a pioneer in introducing Point of Sale (POS) technology products in India, at the recently held ‘REIMAGINE 2017 Leadership Forum’, an annual partner conference hosted by Honeywell Safety and Productivity Solutions, in New Delhi.

Honeywell India team presenting the award to Mr Bhaskar Venkatraman at the REIMAGINE 2017 Leadership Forum event held in New Delhi. Millennium Director V Nandakumar (second from right) also attended the event.

 

The event was held in an effort to unite top leaders from Honeywell’s strong network of channel partners and distributors in India.

Commenting on receiving the coveted award from world’s leading engineering giant, Bhaskar Venkatraman, the CEO and Director of Millennium India said: “It’s a great honour to receive from the technology major with whom we have more than a decade of successful association. Honeywell, with their innovative and customer-centric products, has played a key role in automating retail sector in India.”

“With diversified industrial automation products, Honeywell has broken into many applications simplifying several core operations. For Point Of Sale applications in particular, Honeywell has been offering wide array of technology products which have revolutionised several core industries like healthcare, automobile, hospitality, retail businesses, food and beverage, transport and logistics, to name a few. We look forward to have even more stronger ties with Honeywell in the years to come and would like to see the Brand becoming synonymous with every retail business,” he further said.

For retail and non-retail sectors focusing point of sale and other applications, Honeywell has been the leader in providing several innovative hardware products like area imager scanner, barcode scanner, barcode printer, POS hand held terminal, laser scanner and linear imager scanner.

The partner conclave was a unique opportunity for Honeywell India business leaders and its partners to make deeper connections within the business and new relationships among its broad partner network, a top Honeywell official said.

Round table discussions, industry presentations, and networking sessions were attended by key customers, partners, and top SPS India and global leaders at REIMAGINE 2017 Leadership Forum in India.

 

Media Contact

K Ramanathan

Media Coordinator

Millennium Soft-Tech India Pvt Ltd.,

ram@justransact.com

+91 9384612789

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Mall Owners Look for Sales Data Capture at POS to Bridge Rental Loss

Chennai, India, 2017-Feb-16 — /EPR Retail News/ —  As commercial real estate growth remains sober in cities across India leading to high vacancy levels in Malls, space owners these days adopt new strategy to bring tenants to cover rental revenue loss.

Bhaskar Venkatraman, Founder and Director of JusTransact.com

As per the new trend, retailers agree to pay less monthly rental but part a percentage of their monthly sales revenue to shop owners. However, in the absence of a reliable real time sales data capture system, retailers show tweaked sales data to pay low rent to owners causing huge loss to the later.

But with the availability of new POS software to capture real time sales data from shops, mall owners sitting at remote place can relax. Not only this! They can use these data to find seasonal footfalls, popular stores, popular merchandise,  peak time sales, customers’ shopping pattern and behaviour, and host of other vital business information.

As the concept is new and picking up in India, several POS software vendors offer reliable, transparent and sustainable Concessionaire Sales Data Capture solution to Indian retail sector. POS vendors also offer such services in international and domestic airports and shopping centres across India which can give real time sales to owners and cut revenue loss due to suppression of real sales data.

Airports and shopping malls require innovative technology to track sales from commercial tenants in real time and POS software such as Pathfinder’s POS PATROL offers exactly the same with additional benefits to both retailers and space owners in terms providing visibility of real time retail operations, customers’ preferences and analytical data on various parameters which can be used to improve sales.

The commercial structures are empowered to automate data capture processes through consistent and dependable system and the requisite data can be accessed online and interpreted for future usages. Sales Data Capture solution has revolutionized airports and shopping centres by offering Retail Intelligence services which has helped brands and space owners alike to improve operational efficiency, reduce cycle time, fast realization of revenue, high cash flow and improved non-aviation revenues.

POS Patrol, for example, has so far wired over 9500 retail outlets spread across 60 shopping centres and four international airports where every sale is accounted for consistent data flow and auditing.

Commenting on the trend, Bhaskar Venkatraman, Founder and CEO of JusTransact.com, a leading e-commerce portal dealing with Point of Sale technology products and solution in India, said: “Capturing real time sales data at Point Of Sales (POS) counters is the best possible way to track sales and avoid tenant-owner conflicts over rental issue. The sales data capture offers Retail Intelligence Services which is beneficial for both retailers and space owners.”

Benefits for retailers

Sales data captured can help airports and shopping malls to develop a good tenant mix, which brings more footfalls and revenue.

The sales and other information can be used to understand the Retail Dynamics of array of stores spread across vast area in just one stroke, which otherwise will be time consuming, difficult to manage, involves huge man power, and also error-prone in collecting sales data.

The data on retail operations can be utilized by stores to improve insights on sales revenues and performance.

How it works

Take for example a shopping mall having more than 100 retail outlets. All these shops are provided with POS solution for billing, staff and inventory management tool. At the same time, a software tool is embedded with each POS system which sends every sales detail to the server of the mall owners. As these days, rents are paid on the basis of revenues generated per month, sales data capture software restrains retailers from concealing the actual sales figures to pay low rent to shop owners.

The same system also works for airports where Concessionaire Sales Data Capture system is used to wire all the retailers inside the airport premises to capture real-time sales data.

 

Media Contact:

K Ramanaathan

ram@justransact.com

+91 9384612789

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Payment Infrastructure Market in India Sets for Makeover

Chennai, India, 2016-Sep-09 — /EPR Retail News/ —   Indian point of sale (POS) terminal market has grown up to worth INR 2.15 billion in 2015 and is poised to reach INR 3.86 billion by 2022 aided by unprecedented demand triggered by government’s move to open millions of bank accounts with ATM/debit/credit card facility, according to an analysis by the leading international research firm, Frost & Sullivan.

mposWith government opening up banking sector to rural folks, India’s payment infrastructure is set to witness an explosive growth, and the country, which is presently the 13th largest plastic economy in the world, has a great potential to scale up the ranking as more retail businesses are being introduced to PoS systems.

The study by Frost & Sullivan titled – Analysis of the Indian Point-of-Sale Terminals Market -says that India, with 35% of population presently having bank accounts, will also witness a huge demand for wireless POS terminals owing to less complexity and ease of use.  The wireless PoS terminal market is growing rapidly and will surpass wired terminals by 2022, the study said.

The researchers however felt that India’s payment terminal market though growing at a faster pace than its South East Asian peers, its penetration and usage was much less compared to Western counterparts. This is primarily due to a wide gap between the number of plastic cards issued against the number of installed PoS terminals and reluctant to adopt POS terminals by small and medium business establishments.

“In order to introduce banks to the huge population in India, private and nationalized banks should play a key role in rapidly expanding their operations across all tiers of cities,” felt Aiswarya KG, Frost & Sullivan Electronics and Security Research Analyst, who further added that there should be a concerted effort to create awareness on security of bank accounts and transactions which will change customer sentiment and promote cashless transactions.

In India, PoS terminals are widely used in Tier-1 cities while Tier-2 and Tier-3 cities are catching up gradually. Projects such as Jan Dhan and Micro ATMs are upping the usage of PoS terminals in rural areas.  Also, the recent introduction of chip-plus-pin authentication provides double security advantages for consumers making transactions through cards.

The accelerated growth of cashless transactions using credit/debit cards by e-commerce websites are surely going to make a dent on POS terminal market, the report felt, which further added that though card-on-delivery is gaining momentum across major cities, online transactions have gained the lion’s share in the digital transactions.

Bhaskar Venkatraman, Founder and Director of Millennium Group.

Bhaskar Venkatraman, Founder and Director of Millennium Group.

“Interestingly, more than 80 per cent of retail businesses in India still do not have a PoS terminal as they do transactions through traditional means. With the present government pushing cash-less transactions across the nation, there will be more adaptation for plastic currency, with card issuers, banks and retailers offering value-added services for card holders,” says Bhaskar Venkatraman, Founder and Director of JusTransact.com, a leading e-commerce portal in India for Point of Sale products such as POS terminals, barcode scanners, receipt printers, barcode printers, hand-held terminals, etc.

About JusTransact.com

Justransact.com is an e-commerce venture of Millennium Retech Ventures India Pvt. Ltd promoted by Millennium Group. JusTrasact.com was launched with a sole motive of providing reliable, affordable and scalable POS solutions to the fast growing retail sector in India. POS technology facilitates small, medium and large businesses automate their activities, enhance customer experience and also make them competitive with established players. The portal has made world-class cutting-edge POS Hardware, Software and Knowledge accessible to retailers. Headquartered in Chennai and having branches in major cities in India, Justransact.com offers one-stop solution for all kinds of POS needs to both retail and non-retail business applications. The portal currently sells 1000+ POS products of 15+ categories from 40+ world’s leading brands.

Media Contact:

K Ramanathan

9384612789

ram(at)justransact(dot)com

G-19,2nd Floor, Block-16, 2nd Main Road,

Ambattur Industrial Estate,

Chennai-600 058.

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FDI in Indian E-commerce will stop price wars and streamline operations: Bhaskar Venkatraman

Chennai, India, 2016-Mar-30 — /EPR Retail News/ —  The Indian government’s move to open up E-commerce market place to Foreign Direct Investments (FDI) will, apart from bring in more foreign investments and improve economy, also streamline and regulate the market while arresting the unethical price competitions, says Bhaskar Venkatraman, Founder and Director of JusTransact.com, an exclusive e-commerce market place for Point Of Sale (POS) products and consumables, for both retail and non-retail applications.

Bhaskar Venkatraman, Director, JusTransact.com

Bhaskar Venkatraman, Director, JusTransact.com

Reacting the government move to allow 100% FDI in India’s e-commerce sector, Bhaskar, who is one of the pioneers in introducing POS technology to Indian retail market, says,  “This is a good step with a long term vision and a step towards bring in regulations and healthy competition among e-commerce companies. The move will arrest un-ethical price competitions vis-à-vis brick-and-mortar counterparts which will ultimately benefit end users. This will also change consumers’ perspective towards online shopping as they give more weightage to convenience rather than the price factors.”

On the flip side, the entry of international biggies into Indian e-commerce sector will lead to realignments of local companies, which is unavoidable in the present scenario. This will trigger healthy competition and improve products’ standards in the market, a win-win situation for consumers.

About JusTransact.com

Justransact.com is an e-commerce venture of Millennium Retech Ventures India Pvt. Ltd promoted by Millennium Group. JusTrasact.com was launched with a sole motive of providing reliable, affordable and scalable POS solutions to the fast growing retail sector in India. POS technology facilitates small, medium and large businesses automate their activities, enhance customer experience and also make them competitive with established players. The portal has made world-class cutting-edge POS Hardware, Software and Knowledge accessible to retailers. Headquartered in Chennai and having branches in major cities in India, Justransact.com offers one-stop solution for all kinds of POS needs to both retail and non-retail business applications. The portal currently sells 1000+ POS products of 15+ categories from 40+ world’s leading brands.

Media contact: 

K Ramanathan,

ram(at)justransact(dot)com

G-19,2nd Floor, Block-16, 2nd Main Road,

Ambattur Industrial Estate,

Chennai-600 058.

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Budget 2016: Indian Retail Sector Feels Let Down by FM

CHENNAI, India, 2016-Mar-11 — /EPR Retail News/ — The Union Budget for the 2016 fiscal though focused more on farm sector and gave a balanced outlook to other industries, stakeholders of the Indian retail sector believe that the Budget did not offer any direct proposal to boost the sentiment of the business community but the sops offered to other sectors will have their implications on the retail sector’s long-term growth.

India’s retail sector, which is the third largest employment generator after agriculture and construction industry, adds considerable momentum to the country’s GDP year-on-year. According to industry sources, though there are no big-ticket announcements in the budget to add fuel to the retail sector’s growth, certain indirect measures proposed by the Finance Minister Arun Jaitley will improve the buying sentiments among the middle-class, and add up to the growth of retail and allied sectors.

Bhaskar Venkatraman, Founder and Director of JusTransact.com

Bhaskar Venkatraman, Founder and Director of JusTransact.com, an exclusive online market place for Point Of Sale (POS) technology products, says, “The announcements on GST, change in custom/excise duty structure and separate fund allocation for skill and rural markets development will improve the consumption in the long run. The GST, once implemented, will help eCommerce firms rationalize their supply chains by meeting taxation issues. For eCommerce, measures proposed to meet infrastructural challenges will improve the reach and connectivity. However, the budget lacked big announcements to face-up the retail sector. More so, being the backbone of the retail sector, it was natural to expect relaxation on import duty on POS technology products and proposals to encourage cashless transactions in the budget.”

The government, as an indirect measure, has proposed to allocate Rs 97,000 crore for road sector which will ultimately improve the transportation and logistics commitments of the retail, e-commerce and warehousing sectors. There is also a proposal to introduce Rs 1000 cr fund to incubate technology-start ups which will boost digital/ecommerce sector, feel experts.

Baskaramoorthy.jpg

Baskaramoorthy D, Vice-President – Sales, Posiflex Technology (India).

Baskaramoorthy D, Vice-President – Sales, Posiflex Technology (India), which offers POS and other technology products to retail sector, feels that the budget offered nothing to encourage common man. “Prima facie the budget does not encourage the common man to indulge in expenditure, which is not going to be good for the retail sector. One needs to wait and watch how the ‘Make-in-India Program’ gets implemented with clear government policy & its impact on economy,” he says. 

Anuj Puri, Chairman & Country Head of JLL India, a leading research firm, feels that the proposal to revamp model shops & establishment Act will help the retail sector immensely.

anuj puri

Anuj Puri, Chairman & Country Head of JLL India.

“The unorganised retail businesses will receive a fillip as even small shops will get the support to open 24X7 just like malls and super markets. This not only will improve business and facilitate shoppers to get their things on all days, but also lead to more employment opportunities. However, we will have to wait and watch the reactions from the labour market,” Puri feels.

However, the silver lining is that no direct taxes to tax the retail sector as of now till we get to know the implications of GST next year, which will bring in uniform tax regime all through India, feels Bhaskar.

About JusTransact.com

Justransact.com is an e-commerce venture of Millennium Retech Ventures India Pvt. Ltd promoted by Millennium Group. JusTrasact.com was launched with a sole motive of providing reliable, affordable and scalable POS solutions to the fast growing retail sector in India. POS technology facilitates small, medium and large businesses automate their activities, enhance customer experience and also make them competitive with established players. The portal has made world-class cutting-edge POS Hardware, Software and Knowledge accessible to retailers. Headquartered in Chennai and having branches in major cities in India, Justransact.com offers one-stop solution for all kinds of POS needs to both retail and non-retail business applications. The portal currently sells 1000+ POS products of 15+ categories from 40+ world’s leading brands.

Media contact:

K Ramanathan
ram(at)justransact(dot)com
G-19,2nd Floor, Block-16, 2nd Main Road
Ambattur Industrial Estate,Chennai-600 058.

PH: 09384612789 (+91)

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Indian warehouse and logistics industry set for makeover

Chennai, India, 2016-Jan-28 — /EPR Retail News/ — Warehouse management, which forms the backbone of distribution network across India, is all set for a complete makeover, thanks to the advancement in barcode technology which has taken an unassailable control over the effective, safe and error-free dissemination of millions of consignments across the country.

During the first half of 2015 (January-June), around 6 million sq ft was taken up by warehousing space occupiers across the country, a growth of nearly 60 per cent compared to the corresponding period in 2014.

The booming E-commerce sector, improving domestic economy, effective legislative reforms and of course, technological innovations in warehousing management have played pivotal roles for the staggering growth of Logistics and Industrial Market in India, feel experts.

Though barcodes have evolved to be 1D, 2D and now 3D patterns, scanner guns aka barcode scanners have undergone a sea change over the decade helping businesses to boost their productivity multi-fold.

From table-top and hand-held scanners to the most advanced smart phones, companies worldwide have always been on the lookout for the best alternative to the conventional gun type scanners that have been in vogue for decades.

Bhaskar

“The idea was to save a few precious seconds and efforts of workers while selecting, packing and shipping goods. The smart phone scanners offer fast and efficient warehousing solution for businesses. These devices, not only help warehouse workers to effortlessly scan barcodes and clear thousands of consignments a day, they also reduce fatigue, lessen possible human errors and improve productivity. Businesses too can track goods stored and moving out of warehouses in real time,” says Bhaskar Venkatraman, Founder and Director of JusTransact.com, a B2B ecommerce marketplace in India offering barcode scanners, barcode printers and other Point of Sale (POS) hardware devices to retail and non-retail businesses.

The gun type barcode scanners, where the workers have to hold the device and press the button each time they aim on barcodes, have been replaced by much sleeker, light-in-weight, integrated, press-free mobile scanners which help workers to read the barcodes on consignments by just aiming from distance. These devices are mini computers themselves that can store large amount of data for analytical and other business planning purposes in future.

Zebra Technologies, one of the leading makers of scanners, is betting on their new gun which they claim, will eliminate the need for warehouse workers to extend their arms continuously or turn their wrists. Zebra says its new baton-like device which has a camera and touch screen, manifolds scanning speed and reduces stress on workers’ arms. Other leading brands in market such as Honeywell, Motorola, TVSE, Argox, Datalogic and Unitech have entered the market with their new offerings – all sought to improve efficiency and productivity of warehouse workers.

Dinesh Gupta, general manager of Kolkata-based High End Logistics, says every employee in his warehouse makes around 3,000 scans during his 8-hour shift. The ergonomically designed and improvised barcode scanners helped his employees to achieve 10-20 per cent improvement in picking rates because they no longer had to push buttons.

Online retailers as well as logistics firms are looking for new ways to improve efficiency to offset the increased transportation and labor costs while fulfilling online orders. Fierce competition from e-commerce companies on both speed and price factor has forced them to find ways to cut costs and reduce delivery times, experts say.

So, every second saved by employees at warehouses while picking or packing process does matter for companies which transport millions of cartons daily though their distribution networks across India, says Bhaskar, whose portal offers most advanced barcode scanners and printers from over 40 leading manufacturers.

According to a VDC Research, the global sales of mobile scanning devices used in warehouses have reached $850 million in 2015, showing a 33 per cent rise since 2013.

“The exploding e-commerce is driving the market need for advanced data capture solutions,” says Richa Gupta, a research analyst, who further states that by frequently pressing the button while scanning barcodes, employees may develop health hazards like injury to hand or orthopedic disorders.

Endorsing this Dr Bashir Ahmed, a senior ortho-surgeon from Vijaya Health Centre in Chennai, says, “Warehouse employees can suffer from carpal-tunnel syndrome and other injuries due to repetitive hand/finger movement.”

While gun type scanners still rule the transportation and warehousing industry in India, the advanced smart phone type integrated scanners or Point of Sale hand-held devices should be adopted by companies to bring in more efficiency in warehouse management and also avoid occupational health issues among employees.

For media contact:

K Ramanathan

Content Head, JusTransact.com

Mail: ram@justransact.com

PH: +91 9384612789

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Now invisible barcodes to dodge counterfeits at Point of Sale

Chennai, India, 2016-01-13 — /EPR Retail News/ — Barcodes came into existence half a century ago to speed up the check out process at retail outlets, enhance customer experience and promote businesses. But the booming retail sector, ever increasing demand for faster check-out alternatives and increasing incidents of counterfeit items despite barcoding them, have forced technologists to strive for a fool-proof, reliable and still faster mode of dispatching goods at Point of Sale (POS) counters.

If the new technology unveiled recently by Beaverton-based Digimarc Corp goes viral, the black and white stripes will become extinct in another few years, to be replaced by a new concept called “invisible barcodes”, which are not only reliable and reduce the chances of malpractices, but also help faster checkouts.

The new technology will avoid POS counter staff to look for barcodes printed on items which consumes a second or two to locate the barcodes before running them across the scanner.

The Digimarc barcodes, not visible to human eyes, can be embedded with details of retail items and can be scanned by special barcode scanners.

To try this new path-breaking technology, grocery chain New Seasons in upscale Portland has signed up with Digimarc to use their technology at their retail outlets.  Accordingly, all the packed items on shelves were printed with barcodes that were invisible to human eyes. But, scanners equipped with new technology were able to scan them right away.

Digimarc has been working on digital watermarking for close to two decades with less success. “We have been slow but persistent,” says chief executive Bruce Davis.

In addition to easy checkouts, Digimarc feels that the new technology will help prevent frauds by stopping retailers from pasting one barcode over another and enable more attractive packaging.

Retailers are steadily upgrading their barcode scanners at check-outs from laser-based to optical imaging technology that works like a digital camera, and also compatible to Digimarc’s new technology.

If the visible barcodes got replaced in another few years, New Seasons, a relatively small grocery chain, will make history for being the first to adopt the invisible barcode technology in the world.

So, are we going to witness a slow and steady extinct of barcodes which can be seen on everything from soap packs to water bottles?

Not for a decade or more, feels Bhaskar Venkatraman, founder and director of JusTransact.com, an e-commerce marketplace selling exclusive POS products like barcode scanners, printers and POS peripherals.

Bhaskar Venkatraman, founder and director of JusTransct.com

Bhaskar Venkatraman, founder and director of JusTransact.com

 

“But, over a period of time, the barcode may become obsolete. As far as India is concerned, if the technology succeeds, we can expect the change in another ten years. Till then, 1D/2D barcodes will rule the retail points of sale,” he further added.

Media contacts

K Ramanathan,

JusTransact.com
G-19,2nd Floor, Block-16, 2nd Main Road
Ambattur Industrial Estate,Chennai-600 058
t : 91-44-43551366 | e : ram@justransact.com
m: 91-9384612789 | w: www.justransact.com

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mPOS Set to Revolutionize Indian Retail Sector

Chennai, India, January 13, 2016 — /EPR Retail News/ — Indian retail market is evolving at a rapid pace riding on technology innovations and customers’ changing preferences for superior shopping experience.

A lot of changes had happened during the last decade at Point of Sale (POS) counters as customers increasingly prefer cash-less transactions, and businesses have readily adopted right payment system for faster check-outs and better payment management.

One of the best ways the brick-and-mortar retailers can handle faster check-outs at their stores is via mobile-POS devices. These devices are like hand-held smart phones that are capable of accepting payments through cards, providing instant receipts and storing data for managing inventory, sales and other back-end business functions.

India, with close to 500 million credit/debit card holders and 700 million smart phone users, set to trigger cash-less transactions through mobile POS devices and online transactions, say analysts.

As per an estimate by the country’s leading banker Reserve Bank of India (RBI), India needs another 20 million M-POS devices in five years from the current 1.2 million sets to provide alternative retail delivery channels to both urban and rural populace across the country.

Predicting that M-POS will be a game changer for Indian payment market in 2020, Bhaskar Venkatraman, founder-director of JusTransact.com, India’s first e-commerce marketplace exclusively for Point Of Sale (POS) technology and solutions, says: “There are two reasons which can trigger the growth of M-POS in India – mobile devices becoming ubiquitous across the country with widespread internet penetration and customers craving for enhanced shopping experience with fast, convenient and cash-less transactions.  M-POS then becomes the natural choice to bridge the gap and promote card-based commerce for retailers. Also, fast evolving technology has changed the use cases of M-POS devices. Along with M-POS, we also expect more demand for Tablet POS and Cloud POS devices as the present generation retailers are more inclined to use latest technology to offer sophisticated shopping experience to buyers.”

Apart from the convenience in transactions and high customer experience, retail businesses choose mPOS devices to close the deal the moment customers make a decision on products without giving them time to change their mind when they proceed towards the checkouts, says Nimish Chandra, who manages a retail showroom selling electronic home appliances in Bangalore.

Despite the anticipated surge of these ‘anywhere commerce devices,’ Bhaskar doesn’t expect that mPOS will replace the traditional POS terminals in the near future.

“I think, to begin with, there will be a very little displacement due to mPOS in emerging markets like India where traditional POS systems are still ruling the roost. However, in the SMB environments, tablets will offer an attractive to traditional POS and mPOS. The displacement will be minimal at least for the next five years,” Bhaskar, who is also a domain expert in POS technology, feels.

He predicts that India will emerge as a leader in mPOS users in the Asia-Pacific region by 2019 as there has been a huge dependency on cash-on-delivery for e-commerce transactions which will open the gates for millions of mPOS deployments across the country.

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justransact_logo

Media contacts

K Ramanathan,

JusTransact.com
G-19,2nd Floor, Block-16, 2nd Main Road
Ambattur Industrial Estate,Chennai-600 058
t : 91-44-43551366 | e : ram@justransact.com
m: 91-9384612789 | w: www.justransact.com

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India: POS to Scale up Retail Sector Growth in 2016

Chennai, India, 2015-12-31 — /EPR Retail News/ — The fast evolving consumer preferences associated with advancement in technology has made the Indian retail sector one of the most vibrant among the Asian peers with the market indicators forecasting the sector to cross US $ 1 trillion by 2020 from the present $600 billion riding on 13 per cent Compound Annual Growth Rate (CAGR).

While government policies and macro economic conditions act as catalysts, technology plays a pivotal role in revamping the sector towards fast-track development. Thanks to advancement in Point of Sales (POS) technology, sales counters across India are witnessing complete makeover with traditional retail giving way to organized business environment clocking exponential growth. Automating operations by brick-and-mortar businesses with cashless transactions for enhanced customer experience is gaining ground across Indian cities.

Point of Sale hardware products such as barcode scanners, thermal receipt printers, electronic cash registers, barcode printers, Touch POS monitors, mobile/tablet POS and Cloud POS are in great demand with manufacturers expecting good sales in 2016 due to improved market conditions, feel experts.

Bhaskar Venkatraman, Founder and Director of JusTransact.com, an e-commerce portal offering POS technology products to retail and non-retail businesses in India, says: “Indian retail sector has finally taken wings riding on POS technology to make new strides in the coming years. POS is one of the major growth ingredients for retail sector. With government opening up FDI in retail sector and Goods and Service Tax (GST) Bill becoming a reality in 2016, the POS market is expected to witness unprecedented growth by 2020 clocking two million POS installations from the current one million mark.”

However, on global perspective as per a 2014 estimate, of the 250 billion cashless transactions, India accounts for only 0.2 per cent through 1.2 million POS installations. With Reserve Bank of India (RBI) relaxing rules to allow cash withdrawals through POS machines across India, the demand for POS machines are going to go up further in the coming year, opines Bhaskar.

According to RBI Deputy Governor R Gandhi, “If India needs to reach the average levels of BRIC nations, we need to have another 20 million POS terminals from the present 1.2 million machines connecting rural and urban areas. With India having more than one billion mobile connections, the retail payments in the next five years would be increasingly driven through mobile payments, the top RBI official lamented.

Recently, several state governments including Rajasthan, Andhra Pradesh, Orissa and Madhya Pradesh have started introducing POS machines at their fair price shops to reduce pilferage of food items meant for public distribution. These hand-held POS devices with biometric fingerprint scanner will soon find place in thousands of ration shops across the country.

Expressing optimistic about POS market in India, D Bhaskaramoorthy, Vice-President – Sales, Posiflex Technology (India) Pvt. Ltd, one of the leading POS hardware brands in India, says, “With FDI opening up for Retail sector and GST implementation looking brighter in 2016, we can foresee a potential growth for retail segment vis-à-vis POS and peripherals in India as more and more stores are expected to automate their business to enhance sales and back-end operations.”

Implementation of GST will enable easier movement of goods across the nation, thereby benefiting retail operations pan-India, he says.

Media contacts

K Ramanathan,

JusTransact.com
G-19,2nd Floor, Block-16, 2nd Main Road
Ambattur Industrial Estate,Chennai-600 058
t : 91-44-43551366 | e : ram@justransact.com
m: 91-9384612789 | w: www.justransact.com

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Bhaskar Venkatraman, Founder and Director of JusTransact.com

Bhaskar Venkatraman, Founder and Director of JusTransact.com

Indian POS

Indian POS

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Celerant Technology Provides Advanced Integration for Retail and E-Commerce Platform

Celerant Technology, a leader in the retail software industry, recently completed the web development and retail software integration of its client, Seedlings. This multi-channel platform offers shoppers the ability to have the same experience of browsing through Seedlings’ unique selection of baby and children’s items both in the store and on the web.

“The E-Commerce site that was developed for Seedlings is feature-rich with advanced functionality that our development staff has created and may be utilized by specialty retailers such as Seedlings, to heighten a customer’s shopping experience and enhance site usability,” said Ian Goldman, Celerant Technology President and CEO. “The Seedlings site was designed with user friendly search options and custom product layouts to provide tools for both new and recurring customers, enabling them to make informed purchasing decisions.”

Celerant Technology, www.celerant.com, provides a complete multi-channel solution for retail organizations; from point of sale, inventory management, warehousing, E-Commerce, mail order and more. Celerant offers an array of sophisticated E-Commerce features, including gift cards and E-Gift certificates, the ability to group packages by color and style, in addition to a searchable and robust gift registry. Celerant’s gift registry is integrated into the E-Commerce site and point of sale at the store, allowing customers to easily create a new registry, find a registry, or make changes to an existing registry.

“After the launch of our E-Commerce site, we were pleased to be able to provide our customers with the kind of personalized attention that we give in our store,” stated Marlene Sundquist, Vice President of Seedlings. “We feel that it is important to maintain this connection with our customers and focus on the importance of providing high quality foods, baby necessities and accessories. We look forward to growing with Celerant and continuing our work with them to add additional functionality to our site and continue to expand our business.”

Via EPR Network
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Celerant Technology Integrates with GunBroker.com, the World’s Largest Online Auction of Firearms

Celerant Technology, a leader in the retail software industry, completed integration with GunBroker.com, the world’s largest online auction of firearms and accessories. The seamless integration with this highly reputable auction shopping site allows dealers to more efficiently submit their firearms and accessories in a streamlined process, directly from their inventory within their Command Retail software.

“In addition to the many functions we have incorporated into our system for the firearm industry, including electronic A&D Books and serialized reporting within the guidelines of the ATF, this new integration is one that will further enable our clients to expand their sales on web, translating into increased revenue,” stated Ian Goldman, Celerant Technology President and CEO. “We are continually looking to expand our product offering to specialize it to meet the needs of different vertical markets. Integration into product-specific services such as GunBroker.com strengthens our presence in the firearm industry and helps us to achieve our goal of being a complete retail software for a variety of retail industries.”

The integration of GunBroker.com with a Celerant Command Retail E-Commerce site allows the retailer to manage all auctions in one, central location, directly on their own website. Dealers have the option to view open auctions, closed auctions, recently created auctions, recently closed auctions and auctions that are closing today. Auctions can then be easily added, removed or relisted, and bids can be changed, without ever leaving the E-Commerce site.

“The functionality works similarly to our eBay integration, as clients are able to post products that are setup to easily be auctioned on GunBoker.com,” stated Murtaza Hamdani, Celerant Technology Director of E-Commerce. “Additionally, mass imports can be completed, rather than individually, and templates can be created and copied for faster future submissions, with set restrictions and shipping methods, minimizing work on the retailer’s end.”

GunBoker.com, often referred to as the eBay of the firearm industry, enables retailers to optimize turnaround by providing an easy and unique way to sell firearms online. Integration with Celerant Command’s E-Commerce offering allows retailers to sell these products directly from their inventory, in real-time. For more information, please visit www.celerant.com/ecommerce.cfm. For more information on GunBroker.com, please visit www.gunbroker.com.

Via EPR Network
More Retail press releases

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Celerant Technology Becomes Adobe Silver Partner

Celerant Technology, a leader in the multi-channel retail software industry, recently enrolled in the Adobe Silver Partner Program. Membership in the Partner Program is made eligible to companies that provide solution-based products that utilize an Adobe platform.

“In the development of our retail technology projects, we seek to use progressive software and applications that will allow us to efficiently program, implement and maintain different facets of Celerant software and services,” stated Ian Goldman, Celerant President and CEO. “Our partnership with Adobe is beneficial to the Celerant web development team, which avidly uses Adobe products in the creation of e-commerce sites for our retail clients. Our web developers now have the ability to become certified Adobe product specialists by utilizing Adobe’s resources and obtaining best practices for Adobe-related projects.”

According to the Adobe Partner Program, “The Solution Partner Program is designed for companies that provide solution-based sales, system integration, services, or extended products based on Adobe technology.” It goes on to say, “All partners must meet qualification criteria based on company strengths which may include Adobe related revenue, skills and competencies, or strategic leadership.”

Celerant Technology became an Adobe Silver Partner in June 2010. Celerant is dedicated to harnessing ingenuity to develop advanced features and provide a high level of satisfaction to every retail client, along with excellent customer support based on technical knowledge that is vital to the retail software industry.

Via EPR Network
More Retail press releases

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UK Manufacturer Of Point-Of-Sale Products Highlights Must-Have Display Items For Christmas Promotions

Stuck for inspiration this season on how to display any last minute seasonal point-of-sale? Well there’s still plenty of time to order items for the run-up to Christmas, and to make product selection easier, UK Point Of Sale Group Limited has come up with a quick-fix solution – a Christmas wish list.

The UK manufacturer of point-of-sale (UK Point Of Sale) materials has created the must-have list as it has been reported that consumers can look forward to seeing significant promotions and early winter sales this year. So UK POS believed a quick call stating the Christmas wish-list would assist retailers with their orders during this extremely busy period.

With UK POS’ best possible prices and next day delivery available, the list features six point-of-sale options, including:
– A1 Pavement A Boards Sign to get customers in store
– A4 Snap Frames to promote Christmas special offers and deals with interchangeable posters
– Shelf Talkers for stand out pricing displays
– A4 pallet Stacking Card Holders for large displays of product promotions
– Flag Sign Holders to catch the customers attention with special offers and deals
– Extending Wire Hooks for ceiling posters to guide customers through the store

It was Rob Templeman, the chief executive of Debenhams, who predicted that consumers can look forward to significant promotions this Christmas with retailers looking to boost revenues after a somewhat turbulent year*. However UK POS fears that retail outlets could soon become over run with offers or overcrowded sales, when in fact retailers should be taking the less is more approach.

UK POS’ sales and marketing director, Debra Jamieson advises:
“Overcrowding shelf space with various offers and promotions can be off putting for consumers and leave shoppers confused as to what product is truly the best value for money. Being clear and concise about your brand offerings is more important than ever this Christmas to ensure retailers secure those all important sales.”

“Retailers need to make consumers feel that an offer is too good to be missed. As such, we are advising our customers to rotate displays during the run up to Christmas, creating first come first serve offers that encourage that immediate impulse response.”

UK POS’ next day delivery service means that retailer’s can select their must-have display products and have them delivered in time for the Christmas rush. For further information call UK POS on 0161 431 4400 and quote: Christmas Wish List.

Via EPR Network
More Retail press releases

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Celerant included in the CPA Advisor’s 2009 Retail/POS Review

Celerant Technology, a leader in the retail software industry, was included in the CPA Advisor’s 2009 Retail/POS Review. Celerant Command Retail received top scores in all areas, including ease of use, modules/scalability, features/functionality, integration, tracking/reporting, and retail value.

“We are proud to have received such exceptional feedback from the CPA Advisor’s Software Review,” stated Ian Goldman, Celerant President and CEO. “The results are indicative of the quality of the Celerant product, as well as our commitment to developing and implementing advanced software that provides retailers with a complete retail management solution. The detailed report delves into Celerant Command, explaining a number of different features and functionality within the system.”

The CPA Advisor’s 2009 Retail/POS Review provides an overview of Celerant Command Retail, referring to it as “A sophisticated, fully integrated real-time retail management system. More than just a point-of-sale (POS) product, Celerant offers users a series of integrated modules.” It goes on to say, “For retailers who want a web presence and have multiple locations, Celerant Command Retail is a product that should be seriously considered.”

The review also discusses the software’s advanced reporting functionality, saying “Command Retail’s CRM Module is impressive, with the ability to track customer purchasing profiles, monitor purchases for rewards and loyalty card programs, and even track family shopping habits. The Data Mining module provides a tool to analyze data stored in the system to spot trends and performance issues. The Reporting and Analysis module provides users with excellent reporting capabilities throughout.”

Celerant Command Retail provides retailers with a complete software solution that fully integrates the point of sale on the front end with back office functionality, inventory control, warehouse, distribution, allocation, advanced reporting and E-Commerce. Command goes beyond these functions by integrating with professional third-party accounting software, including QuickBooks, MAS 90, and Great Plains, in addition to its own integrated general ledger that will soon be available. For more information, go to http://www.celerant.com/financial_applications.cfm.

Via EPR Network
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