Cash Preservation Is The Name Of The Game
The reality: This winter’s dire forecasts haven’t come to pass. Even in the face of rising rates, inflation, and labor problems, the overall economy has remained relatively strong.
Self-Checkout Sees High Demand
The future of POS is DIY. Each month, TimePayment accesses POS industry research to help guide you on making the most of today’s opportunities. This month, we evaluate the increasing desire for self-checkout solutions. By the numbers: In a recent survey* of 2270 QSRs, C-Store, and Independent Grocers we found: 11% acquired this technology for […]
Good News & Bad News About Returning Customers
Providing a great experience matters. Here’s a surprising stat: On average, more than half of all former customers responded that they would consider returning to a broker for a subsequent finance need. Yes, but: Less than 20% responded that they go to a broker first. Here’s the reality: Providing a great customer experience is essential […]
Brokers Miss Out When They Don’t Prospect Manufacturers
There is a wealth of untapped opportunity here. Bigger dealers and manufacturers are not just open to using brokers—the research tells us that most do! And while your share of funding volume may be a smaller percentage, a small percentage of huge volume is still more overall business.
Pay-at-the-Table Is Gaining Ground
What the latest research tells us… Each month, TimePayment accesses POS industry research to help you make the most of today’s opportunities. This month, we took a look at the increasing desire for pay-at-table POS solutions. By the numbers: In a survey* of 2282 non-fine dining restaurant owners, we found: 29% acquired pay-at-table technology for […]
Capital Spending Forecasts by Industry
Vendor sentiment reflects a mixed bag of opportunity for equipment finance brokers amidst economic headlines. By the numbers: 24% of vendors are forecasting a negative impact to their sales based on the current economic indicators. Yes, but: 76% predict no negative impact, with 9% responding that they expect an increase to their upcoming sales. Take […]
Mobile Payment Boosts Profits
Customers prefer convenience at the curb. What’s more convenient: paying for takeout by phone, or paying at the curb? From an outside perspective, the difference may seem trivial—a sale is a sale—but from the customer’s point of view, the two experiences are night and day. By the numbers: A survey of 202 retailers and their […]
Having An Online App Matters
Why an online application matters to the funding experience. With all this digital transformation happening around us, is the equipment financing business behind the curve? Are brokers even more behind the curve? The short answer is “Yes.” By the numbers: In a recent survey* of over 3,000 equipment sellers: 73% would not consider a finance […]
POS Customers Anticipate Growth
News from the Demand side. Supply chain issues, inflation, access to labor, and a potential recession have been dominating economic headlines. But those headlines are just one part of the economic equation—the supply side. So what about the demand side of the equation? How many retailers are forecasting an impact to the bottom line? You […]
The Changing POS Landscape
Three payment industry trends we are watching closely. New shifts in purchasing behavior mean new opportunities for POS providers. Get caught up fast on these trends that we are following: 1) Cash isn’t king: If you needed even more evidence of the importance of electronic payment processing, here are some interesting insights from Gallup on […]