POS DATA MANAGEMENT AND SELLING DATA ENTRY SOLUTIONS

POS Data Management and Selling Data Entry Solutions

POS Data Management and Selling Data Entry Solutions

Blog Article

For the last 5 years, direct entry transactions have increased by 36.5% and card payments by 71.6% These statistics give you a complete picture of how we have evolved with and adapted digital transactions.
Point-of-Sale (POS) devices are one of the leading factors towards the growth of digital payments in Australia. We have the most POS terminals per million occupants of all Bank of International Settlements (BIS) member countries.
The following points contribute to the digital growth of our country:
Customer Trend.
Australian homes believe a lot of products to be the digital payment solutions, like BPay and i-Pay for bill payments, PayPal and VISA Checkout for online payment platforms, "Buy Now, Pay Later" platforms such as Afterpay and Zip, Cardless, and Zero Contact mobile payments options like i-Pay, Google Pay and Apple Pay.
Also, just 6.8% of Australians said they had used contactless payments or card-less mobile payments in the previous year, but this number proliferated to 10.6% for Generation Z and 10.4% for millennials.su
Investment by the private sector and by the government has improved Internet access in provincial Australia. In the four years to June 2015, the extent of the regional population with a home broadband connection expanded from 61% to 80% During a similar period, mobile internet access increased from 16% to 37%
VISA and MasterCard
Visa which traces its root back to Bank of America during the 1950s, does twofold the number of transactions of Mastercard. It has just about 16,000 financial institution partners, 3.3 billion Visa cards available for use, and 54 million merchants accepting VISA. In the financial year 2018, it handled more than $8 trillion in purchase transactions.
These numbers prove the shift towards the digital economy.
Another reputed name in this industry is PayPal, which was a subsidiary of the online shopping site eBay until 2015. These days PayPal has more than 200 million purchase records and 16 million participating merchants. PayPal built its solid brand identity by managing the high risk associated with small traders in the online and digital circle by taking a larger portion of each transaction for their difficulties.
Cashless Living.
According to the Australian Payments Network, the regular of the payments industry, Australia is among the top ten nations for "digital readiness." What's more, the smartphone develops as the key facilitator. Nine out of 10 individuals in Australia have a smartphone and 7 out of 10 smartphone users use it to make payments. Likewise, they are not, at this point fearful about the security of paying for something using their phone. 56 percent of Australians are glad to utilize their thumbprint, voice or retina to grant payment
Dropped Usage of Cheques.
The number of client cheques handled in Australia every month has dropped down from 45,900 in January 2012 to just 6549 in October 2017. The forecast predicts flow will tumble to just 3000 cheques by December 2018, with usage proceeding to decline until cheques disappear towards the end of 2022.
The cheque is quickly being phased and even ATM withdrawals, once considered a progressive method to access money, are falling. In February last year, Australia propelled the New Payments Platforms which included instant person-to-person payment services PayID and Osko.
The Mobile Payment Systems
Just as retailers are rethinking physical conditions to coordinate what's happening online, online payments are doing likewise. These reconsidered mobile transactions present the commonality of physical banking with the simplicity of mobile-first/mobile-only.
The developing predominance of mobile payments is obvious in applications like eWallet, that re-evaluate the physical wallet - and then go beyond. The 'digital wallet' doesn't just concentrate on bringing digital equivalents of physical wallets through cash and cards. eWallet additionally focuses on interpreting other financial behaviors, joining an incorporating activity like linked band accounts, financial contributions, and its management through the application, making for a more smoothed out approach.
Information from Roy Morgan states that in the 12 months to November 2018, almost 7 percent (1.4 million) individuals used digital payment systems frameworks worked by worldwide tech giants - platforms such as Apple Pay, Samsung Pay, and Google Pay. This was higher than banks' own mobile payment systems which were used by 5.8 percent or 1.2 million.
While considering applications or programs for payment activities on mobile phones, the program is favored for online shopping (71%), booking travel (70%). Applications are the preferred choice for online banking (70%) and booking taxis (61%).
Deloitte reports that Australia is going towards a 'peak smartphone' environment.
Australia's online retail spending reached $21.65 billion in 2016 with takeaway food and media remaining the fastest-growing categories. Older Australians are utilizing online shopping platforms more, with residential online spending growing by 8.7% for those aged 55-64 and 7.5% for the 65+ age group. Two categories shared the most elevated spend for these age groups; homeware and appliances, and groceries, and liquor.
The sale of wearable gadgets like a smartwatch, wireless earphones, fitness trackers, body-mounted sensors that monitor and transmit biological data for healthcare purposes, wristbands, Augmented reality headsets, etc have increased steadily over the recent years. Recent estimates demonstrate that 14% of Australians now have a smart wearable device and forecast this will grow to 37% by 2020.
The future of Digital Payments:
The launch of the New Payments Platform (NPP) in February 2018 was a milestone for payment innovation. The NPP is a next-generation framework prepared to meet developing customer needs. Services based on the NPP influence the advantages of near-instant, flexible, data-rich payments. This can be found in the first service 'Osko' which offers customers a simple method to pay each other via a mobile phone number. In the current year, there is a lot of focus on developing a technology and innovation roadmap to guide the next generation of payments. Technologies like QR codes, AI, and biometrics are developing.
i-Pay is revolutionizing the online payment process and giving lot of value to its users. In case you wanna know more about i-pay you can refer here:
With the rising of big names, the retail industry has changed to a great deal. Due to enclosing luxury brands and expensive products, this industry has become the center of attraction for the people with the criminal intent. check here ADT Home Security Systems has explained why is the need for security cameras have become inevitable in the retail industry.
The Main Security Threats That Exist In Shopping Center
Theft
Theft is one of the biggest security threats at the shopping malls due to the presence of the expensive items such as jewelry, gadgets, and various other accessories.
Property Damage
Shopping malls have all sorts of the visitors. A higher number of the visitors make shopping malls more susceptible to the vandalism and damage of the valuable assets.
People With Nefarious Intentions
Shopping centers are the places where significantly large numbers of the people gather. Some people may try to feed to their nefarious intentions by posing a threat to the security. Moreover, due to the lack of the proper security products, people freely move with the big carrying packages. This is why ADT Home Security products are designed to furnish video footages that may furnish the minutiae details of a person or an incident.
Disputes & Quarrel
There are various reasons that may lead to the disagreement and quarrel in retail shops such as a big sale, late service, and unnecessary charges, which may sometimes get violent compromising the security of the other visitors as well.
Lost Children
This is a serious yet underrated issue in the shopping malls. With the help of security cameras, lost children may be found in the shopping mall premises.
Emergency Situations
There are many emergency situations in the shopping malls that can cause severe consequences, if remain unnoticed such as fire, natural disasters, and terrorist attacks. These situations may risk the safety of both the patrons and the employees.
Areas Most Prone To The Criminal Intent
Point Of Sale
Point of sale is where the monetary transactions take place hence they are highly vulnerable to the monetary theft or loot. Criminals tend to avoid the area of the spaces equipped with the high-resolution security cameras. Moreover, they may also help in recovering the lost or stolen money.
Shopping Area
Theft, vandalism, eve-teasing, and molestation are some of the common security challenges that exist in the shopping areas.
Parking lot
Parking lots are very susceptible towards the criminal activities due to having poor lightings and unprofessional installation of the security cameras causing blind spots. Intentional property damage may also be involved.
Entrances
Shopping centers may have numerous entry and exit points and it is a difficult task to keep eyes on the people entering the shopping mall. Also, a lot of the goods and baggage are carried into the premises on a daily basis making the security at the stake.
To secure these crucial areas of the spaces and deal with various security threats, ADT Home Security Systems offers high-resolution security products.

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