ARBAPRO POS Solutions are EMV-Ready
ARBA Retail Systems, working with industry leader VeriFone, is fully prepared to help you become EMV- compliant and ready for the liability shift in October 2015. ARBA Retail Systems has worked with VeriFone to interface our Point-of-Sale Software with VeriFone’s EMV-compliant POINT Payment Solution. By using chips as an active part of the payment transaction, EMV cards and devices help prevent credit card fraud from stolen account numbers and cloned payment cards. Moving to the POINT Payment Solution will allow you to accept payment via Debit with PIN and Near Field Communication (NFC) technology, such as GoogleWallet and ApplePay, and facilitate signature capture.
EMV stands for “Europay Mastercard and Visa” and it is a payment technology standard that was originally created by these 3 companies. EMV Cards (also called “Chip Cards” or “Smart Cards”) are credit cards embedded with a chip containing your encrypted credit card data. These chips allow for greatly increased data security and encryption, stronger validation of the card and cardholder, and identification of payment devices as authentic, approved payment devices1. All these elements allow for greater fraud protection, decreased fraud, and increased security.
What is the importance of the October 2015 deadline?
October 2015 is the liability shift date for all the major credit card providers. Each provider has different incentives related to being EMV-compliant. What this means is that by being EMV-compliant you not only provide your business and customers with greatly increased data security in a world plagued by credit card security breaches and worries but also, depending on the credit card provider, you will benefit from:
- 50% to 100% relief from occurrences of credit card Account Data Compromise (ADC)2
- Elimination of annual Payment Card Industry Data Security Standard (PCI DSS) validation requirements and
waiver from PCI DSS audits.
Essentially, if you do not take steps to be EMV-compliant, you will bear liability for credit card fraud and data More
compromise and be subject to increased data security constraints.
A cashier scanning bar coded merchandise at the check-out point of any retail store is a very familiar and expected occurrence. Weather items are waved in front of a standing devise, scanned by a hand held model, or swept across an in-counter scanner; bar code scanning is a standard part of any retail environment and POS system to help get customers on their way fast. The retailer gains many operational benefits when bar code scanning is used together with a POS Inventory Control system, including the adjustment of inventory levels as items are sold or returned, and tighter control and management of merchandise pricing.
Although highly common in virtually all areas of retail, bar code scanning was not widely used as part of a POS System in hospital cafeterias until fairly recently. After all, most of us don’t think of food as being “inventory,” and therefore don’t see a logical connection between a UPC bar code number and a yogurt parfait. The increasing number of cafeterias offering pre-packaged “Grab n Go” items, however; has changed this traditional view.
“Over the past few years, more and more of our hospital cafeteria customers have added a “Grab n Go” section as a convenient way to offer appealing yet quick food choices to their employees and guests,” said Kathy de la Torre of ARBA Retail Systems. By offering a varied selection of pre-packaged food items which can be purchased quickly, the cafeteria attracts patrons who otherwise would not have enough time to eat. The added traffic definitely helps increase cafeteria revenues, which more and more hospital retail areas are required to attain. Placing a scannable, bar code label on each food item in the Grab n Go section means the purchase can be quickly scanned at the point of sale, getting patrons on their way very quickly to return to work or visitation. After all, if patrons have to wait in long lines to pay for their Grab n Go items, the convenience of pre-packaged food offerings would be completely lost.
A traditional retail store monitors and tracks inventory and sales as merchandise is scanned and sold at the cash register. Similarly, the hospital cafeteria needs to monitor sales as well so that kitchen production can be in synch with the speed and quantity at which food items are being sold. It’s all about getting out the right food, in the right amount, and at the right time. Imagine the hospital healthcare worker who finally has a few free minutes in their busy day to run down to the cafeteria to get a quick sandwich, only to find that the Grab n go cooler is completely out of sandwiches. Or worse; consider the hospital employee who regularly heads to the nearest fast food restaurant to eat because the cooler in the cafeteria is frequently out of their favorite soda flavor. Over the span of a year, that lost business translates to lost revenue. In today’s economy, that’s something no retail area wants to see happen.
Hospital cafeterias are not limiting their use of Bar code scanning to just Grab N Go items. Most POS Software can capture and recognize the manufacturer’s UPC bar code information on everything from canned soda and bottled water, to chips and candy bars. Some hospital cafeterias have taken the next step in retail automation, and have set re-order points within their POS Software for these items which are consistently re-stocked. To learn more about POS software designed for your corporate cafeteria visit Arba POS Cafeteria Page. To learn more about POS software designed for your hospital cafeteria visit Arba POS Hospital Food Services Page.
The best way for a cafeteria to have an accurate picture of what’s selling, in what quantity, and at what time is with the use of bar code scanning technology combined with a good POS system. Visit us at http://arbapro.com to learn how our POS solutions can help. More