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technology allows terminals to incorporate This knowledge can be used for a variety of purposes including the
EPOS and strong authentication, as well as ability to upsell to future customers with greater success as well as
alternative payment methods such as bank- handle tactical arrangements of items in-store. Crucially, it is now
to-bank payments, QR codes and even crypto enabling businesses to maintain a COVID-safe environment by
currencies. allowing businesses to plan ahead for in-store activity.
As we begin to emerge from the COVID-19 The Android operating system is allowing businesses to develop
pandemic, businesses are making adjustments and deploy a range of applications to suit their needs and wants. The
and improvements to their existing operations. ability for small to midsize enterprises to delve into and explore these
For commercial gains, payment terminals applications is enabling them to seek advantages over competitors
running on the Android OS allow for and thrive in their industries.
POS functionality and combine that with
other essential business systems such as Whatever the future holds for the humbled payment terminal,
stock management, visual itemization and innovation the POS is undergoing is allowing businesses and
centralized booking systems. customers to adapt to the new normal.
More insights, benefits
Michael Ault is chief executive officer of UTP Group, a payment solutions company
The Android operating system also provides with over 30,000 clients in the UK, Republic of Ireland and Gibraltar. UTP provides
greater visibility of a business’s health Faster Processing, enabling merchants to receive funds the same day, or even within
and finance, while also allowing for more the hour. The company also offers a wide range of market-leading credit and debit
information to be gained, which means friction card payment solutions, such as fixed/countertop credit card machines, portable
points such as wait times and queues in stores credit card machines and mobile credit card machines. In addition, UTP offers virtual
can be managed better. More data pertaining terminals and ecommerce payment gateways to its customers. For more information,
to customer behavior allows businesses to visit www.utpgroup.co.uk.
customize the in-store experience and in-turn
increase revenue.
Data also allows businesses to determine their
customers payment preferences, allowing
them to decipher the correct style of payment
terminal to launch. UTP Group researchers Payment Solutions
found that contactless payments account for 80
to 90 percent of all face-to-face transactions due
to convenience and hygiene reasons. This data For App Developers
shows how the payments industry has had to
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Data is becoming a necessary tool for businesses online documentation,
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