More and more retail businesses across the UK are turning to EPoS software to help improve their business. There are many reasons why EPOS software should be integrated into a business but one that many overlook is the enhancement of security.
Electronic Fund Transfer
One of the most important features of all good EPoS software is integrated charging.This feature basically involves an integrated electronic fund transfer at the point of sale.More often referred to by its acronym, EFTPoS, the software links to a till and allows customers to make a payment via debit or credit card which is instantly debited from their back account.
Reduce Risk Associated With Cash Purchases
An integrated EFTPoS system can help significantly lower the number of cash purchases, reducing the risks associated with handling large amounts of cash.For example, the risk of receiving counterfeit cash at the point of sale is reduced, time spent handling money is reduced during cashing up times, less deposit runs to the bank are needed reduced and the number of collections by security firms can be reduced.
Cheque Payments
As well as helping to reduce the risks associated with cash sales, EPoS software, with EFTPoS integration, also helps to discourage payment via cheque.Cheque payments carry their own unique set of risks, one of the most common being ?bounced cheques?, a term used to describe when a customer does not have enough money in their bank account to cover the cost of their purchase.
As well as the obvious issue with such an event, both the customer and business are charged a fee by their respective banks.
If this situation were to occur when using EPoS software, with integrated EFTPoS, the system would simply refuse the transaction, should insufficient funds be present, preventing the customer from leaving with stock they have not paid for and removing the risk of further bank charges.
EPoS Software
Leading UK systems house BCP, provide their own branded Accord? EPoS software offering a wide range of options and functionality.The ideal solution for improved retail security, Accord? EPoS Software solutions provide a large number of benefits to businesses.
Source: http://www.jimbimedia.com/?p=330
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