06 February 2016

Square bids to take over the point-of-sale

05 March 2012  |  10039 views  |  2 branch banking

Square is looking to modernise the cash register with a free iPad app that turns the tablet into a fully configured merchant point-of-sale system.

The app is designed to supplement the traditional point-of-sale experience by providing a range of built-in loyalty programmes, analytics and custom inventory options.

An attractive dashboard UI offers instant insight into sales data, with the ability to break down sales by month, days of the week, time of day, and size of payment.

Custom permissioning allows merchants to set employee access rights, while tighter integration with Square's Card Case customer facing loyalty programme allows for faster transactions and knowledgeable face-to-face interactions with regular customers. A simple tap of the iPad is all that's needed to wirelessly print receipts and open cash drawers.

Introducing the app, Megan Quinn, director of products at Square, decalres: "I truly believe POS, as you know it today, is dead. This will bring Square to an entirely new, small-market audience (bricks-and-mortar stores)."

Square is not alone in tapping this market. Movilway, the Latin American company that offer mobile pre-piad accounts to the unbanked, has just released a tablet-based point-of-sale system for rural merchants. The custom-built Android tablet allows shop keepers to manage inventory, manage Movilway account "top ups" as well as run other apps.

Comments: (2)

Craig Lawrance - Starkspur Ltd - Europe | 05 March, 2012, 11:33

well i'm not sure traditional POS is dead just yet.  PCI in unlikely encourage this type of device.  It can skim, it can key-log.

apart from that it looks great...

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Chris Yaldezian - IBM (Software Group) - San Ramon | 05 March, 2012, 17:20

Clearly a potentially disruptive technology and idea. It needs work, but it is still just starting.  Unfortunately the video did not play.

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

31 January, 2012
16 November, 2011
08 November, 2011
07 November, 2011
29 June, 2011
23 June, 2011
24 May, 2011
03 May, 2011
28 April, 2011
10 March, 2011
03 March, 2011
11 January, 2011
10 November, 2010
21 June, 2010
02 December, 2009

Related company news

Your browser is unable to support Flash files.

Top topics

Most viewed Most shared
Fintech rising: Resistance is futile, says...
9560 views comments | 47 tweets | 38 linkedin
Digital transformation driving earnings at...
8341 views comments | 40 tweets | 35 linkedin
ECB eyes up European P2P payments
7461 views comments | 27 tweets | 37 linkedin
Visa opens up to developers
6363 views comments | 23 tweets | 40 linkedin
Mondo releases API to let customers play w...
5767 views comments | 23 tweets | 21 linkedin

Featured job

Find your next job