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POS Industry News to Know
70% of POS users could do more with their data Did you know that only 3 in 10 POS users leverage their data for marketing
Jacob Martin
October 31, 2023
70% of POS users could do more with their data Did you know that only 3 in 10 POS users leverage their data for marketing
And who’s missing out? Each month, TimePayment accesses POS industry research to help you make the most of today’s opportunities. This month, we explore the
But we can keep them from feeling buyer’s remorse. Most POS users are only utilizing a fraction of their POS system’s capabilities—and that’s a problem
Be ready when Uncle Sam opens his wallet. False assumption: Continued government “money-printing” will cause a macroeconomic slow down likely to stall equipment-buying interest in
When banks bail on lending, brokers and alternative funding sources have a big role to play. Where we were: After the March bank failures, many
POS dealers expect sales growth. Every month, TimePayment accesses POS industry research to help guide you on making the most of today’s opportunities. This month,
Almost 40% of buyers are upping orders. Sunny forecast: Despite yet another rate increase and continued economic headwinds, small-business equipment finance activity is rising. In
Suggesting products prompts more purchases. Question: How well do POS system-suggested “Next Best Purchase” offers work in the wild? Answer: Really well. In a survey
The time is ripe to reach out It’s been difficult to break through and establish new vendor relationships at scale in recent years. New banks
When times get tough, customers rely on credit. Each month, TimePayment accesses POS industry research to help guide you on making the most of today’s
Vendors have the edge. Where do most small businesses secure equipment financing? Here’s a hint: It’s not their primary bank. The real deal: A recent
Younger consumers are points-focused. Pulse check: What do customers think of payment rewards? Research from Sawbux and PYMNTS.com found: 35% of Gen X consumers prefer
Our custom funding programs enable equipment sellers to turn one-time transactions into long-term relationships. Our platform provides financing solutions to turn up-front costs into simple monthly payments.