E-PoS products are developed for use in a variety of Industries and businesses. Listed below are some of the industries, where E-PoS products could find use. Also mentioned are the advantages gained in using them as well as some recommended models. E-PoS products have penetrated almost every market and business in the retail industry. Some existing and proposed businesses where E-PoS products are and could be used:
Banks:
Security and accuracy are two primary concerns for any banking or financial institution. But now, thanks to E-POS systems, both of these concerns can be easily addressed. Biometric identification systems can monitor movements of staff in and out of the office as well as monitor attendance. Another innovative idea would be the provision of providing access to sensitive areas of the bank only to authorized customers / representatives by means of a smart card / magnetic stripe or RFID card. The movement of persons holding such cards (RFID) can also be monitored in the case of emergencies or any breach in security. Money counting machines help Counters help count and sort a large volume of coins. MICR readers enable quick; today’s high rent offices. Apart from being less space consuming they also provide a technologically advanced look to the office as a whole. Touch screen kiosks, can be used by customers, to access information such as bank balance, cheque status, pay bills online, make purchases and recharge mobile phones. This would be highly cost efficient as it would save the bank the necessity of appointing expensive work force in the form of customer service representatives, tellers, etc. Two or even three kiosks can cater to a large number of customers (360 customers / hour @ 30 seconds / customer) thereby dispelling the formation of large queues / new banking products and services. Any current offers and deals are also displayed here. Heavy-duty dot matrix printers can be used for high volume printing such as generating annual quarterly customer account statements, End Of Day (EOD) statements and other large volume information.
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