We outline the market outlook for integrated point-of-sale in payments – from investment trends, to leading companies, to recommendations for players in the space.
What is integrated POS?
Integrated point-of-sale (POS) systems connect computer data with merchant software providers — like restaurant ordering software — to run more of their businesses from the checkout counter. In complex integrations, these systems connect sales data with merchant operations data to inform about payroll, menu, delivery, supply chain, and loyalty.
In other words, the integrated POS device looks less like a cash register and more like a central business management hub. The technology usually encompasses several features, including payment processing, inventory management, CRM, data analytics, e-commerce, and revenue management.