Oracle Red Bull Racing, the Formula One (F1) team, and its official Team Partner Rokt, provider of ecommerce technology, are launching a global talent search for female F1 sim racers. The talent scouting initiative is part of the two organisations’ efforts to promote diversity in esports, technology and commerce across the globe.
Retail Technology, EPoS, Retail Supply Chain, e-Commerce
A point-of-sale (POS) system is a software and hardware system that allows businesses to process payments, manage inventory, and track sales. POS systems can be used in a variety of industries, including retail, hospitality, and healthcare. EPOS systems typically consist of a touchscreen computer, receipt printer, barcode scanner, cash drawer and software. Retail Technology articles related to retail systems, retail technology, Point-of-Sale (POS),Electronic Point-of-sale (EPOS), mPOS, wireless communication, store networks and Wi-Fi, mobile commerce, eCommerce, reporting & analytics,shipping and fulfilment,labour productivity, order management and retail supply chain management.
Brits spent royally online in May. Coronation parties and summer clothing sales pushed spending up 2.5%
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Retail spending rose both on the High Street and online during May, new Office for National Statistics (ONS) retail spending figures reveal.
Retail spend over chatbots to reach $12bn globally in 2023
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Juniper Research has found that global retail spend over chatbots is forecast to reach $12 billion in 2023; growing to $72 billion by 2028.
New research reveals why UK consumers do not trust online sizing technology
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New research provided by sizing technology specialist, Makip, has revealed the top two reasons why UK online shoppers don’t trust existingonline sizing technology to accurately predict their body size:
PCI Pal is enhancing contact centre payments through the power of AI
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PCI Pal, the global SaaS provider of secure payment solutions for business communications, is leveraging its technology to allow organisations to integrate secure payment options to Intelligent Virtual Assistants.
Judopay launches payment orchestration solution
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Judopay, the mobile payments solutions provider, has announced that, following its acquisition by Fabrick S.p.A., it will be launching a payment orchestration solution for its customers, across a range of sectors, including mobility, hospitality, retail and eCommerce.
Web monitoring specialist urges ecommerce brands to boost security toolkit
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Leeds-headquartered website monitoring specialist RapidSpike has launched the first of six new features designed to further boost the security of ecommerce websites, in readiness for PCI DSS 4.0.
New Navori Labs QL software release adds value for DOOH advertisers and application developers
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The rise of conflicted consumerism: Cost-of-living prompts UK shoppers to weight up price versus principles in buying decisions
May 22, 2023
A price versus principles paradox is creating a new cohort of ‘conflicted’ UK shoppers, who are simultaneously demanding value for money as well as products and services from retailers that tap into their sustainable values, the latest research from Asendia, the international e-commerce and mail delivery solutions provider, reveals.
New research: UK retailers boost tech investment as they face losing nearly one-third of customers as cost-of-living worsens
May 22, 2023
UK retailers expect to lose an average of almost one-third (29%) of their customer base as the cost-of-living crisis continues. This is according to new research from Ensono, an expert technology advisor, innovation partner and managed service provider.
Point-of-Sale (POS)
POS systems can be a valuable tool for businesses of all sizes. They can help businesses to improve efficiency, increase sales, and provide better customer service.
A point-of-sale (POS) system is a software and hardware system that allows a merchant to process payments and manage sales. A POS system typically includes a cash register, a barcode scanner, a receipt printer, and a customer display. It may also include other features such as inventory management, customer loyalty programs, and gift card processing.
POS systems can be used in a variety of businesses, including retail stores, restaurants, and service businesses. They can help businesses to improve their efficiency, track their sales, and provide better customer service.
There are four main types of POS systems:
- Legacy POS systems are the traditional type of POS system. They are typically based on a Windows or Linux operating system and use a custom-built software application.
- Tablet-based POS systems are a newer type of POS system that uses a tablet computer as the main interface. These systems are typically cloud-based and can be accessed from any device with an internet connection.
- Mobile POS systems are a type of POS system that uses a mobile device, such as a smartphone or tablet, as the main interface. These systems are typically used by businesses that need to be able to process payments on the go.
- Cloud-based POS systems are a type of POS system that is hosted on a cloud server. These systems are typically accessed through a web browser and can be used from any device with an internet connection.
Electronic Point-of-sale (EPOS)
Electronic Point-of-Sale (EPOS) is a system that uses electronic devices to process customer transactions in a retail outlet. EPOS systems typically consist of a touchscreen computer, receipt printer, barcode scanner, cash drawer, and software. They are often used in retail stores, restaurants, hotels, and other service-oriented businesses.
EPOS systems offer a number of advantages over traditional cash registers, including:
- Increased speed and efficiency: EPOS systems can process transactions much faster than cash registers, which can lead to shorter lines and happier customers.
- Improved data accuracy: EPOS systems can help businesses to track sales, inventory, and customer data more accurately. This information can be used to make better business decisions, such as which products to stock or how to allocate resources.
- Enhanced customer service: EPOS systems can help businesses to provide better customer service by allowing them to track customer preferences and loyalty programs.
