Credit Card Usage Is Up
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 opportunities. Today we explore increasing credit card usage in the face of economic turbulence. By the numbers: We surveyed more than 2,300 retailers and found: 29% reported increased credit card […]
Rewards Drive Behavior
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 to use a payment method because of the ability to earn points or rewards. Meanwhile, 20% of Millennials won’t even use a payment method that does not earn them points […]
In the News: Biometrics & Cash for Guilty Pleasures
3 Payment Industry news stories to know Get caught up fast: Here’s a roundup of recent Payment Industry stories you may have missed, collected from Payments Dive. 1) The human touch: The U.S. has been slow to adopt biometric payments, but that could change as new tech emerges. Read the Story: “Will biometrics be the […]
POS Data Drives Real Revenue Increases
9 in 10 businesses saw results in 60 days. Each month, TimePayment accesses POS industry research to help you make the most of today’s opportunities. This month, we examine how leveraging big data from POS drives business opportunities. The big takeaway: 9 in 10 foodservice businesses who used POS data to improve the customer experience saw […]
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 […]
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 […]
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 […]
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 […]
What POS Customers Think About Recession
POS Equipment Acquisition Signals Remain Strong Despite Looming Headlines Will the news of a looming recession impact the amount of new POS opportunities in the next 6 months? Surprisingly, not that much. A recent survey* of over 674 POS customers revealed: 48% believe we are already in recession 79% believe we will be in recession […]
