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Point-of-sale (POS) is the hottest topic in payment structures and its one of the most popular technology topics as well. A Point-of-sale (POS) machine is a computerized replacement for a cash register. It has ability to quickly process a customer's transaction, accurately keep the records, process credit and debit cards , connect to other systems in a network, and manage inventory. A basic POS system would consist of a computer as its core part provided with application specific programs for the particular environment in which it will serve, along with a cash drawer, barcode scanner, receipt printer and the appropriate POS software. Point-of-sale (POS) terminals are used in most industries that have a point of sale such as a service desk, including restaurants, lodging, entertainment, and museums. Due to the better track inventory and accuracy of records, the Point-of-sale (POS) machine is used worldwide and it can be easily set-up, depending on the nature of the busi

The massive data breaches in U.S retailers ' Target ' and ' Neiman Marcus ', in which financial credentials of more than 110 million and 1.1 million customers were compromised respectively, have put a spotlight on the need for more secure transactions. To tackle this issue, the two major payment card brands, MasterCard and Visa have announced the formation of a new cross-industry group that will focus on the security of the enhancing payment system to keep pace with the expectations of consumers, retailers and financial institutions in the United States. " The recent high-profile breaches have served as a catalyst for much needed collaboration between the retail and financial services industry on the issue of payment security," says Ryan McInerney, president of Visa Inc. "As we have long said, no one industry or technology can solve the issue of payment system fraud on its own. " The joint effort aims to advance the migration to EMV chip cards, also kno

The introduction of Open AI's ChatGPT was a defining moment for the software industry, touching off a GenAI race with its November 2022 release. SaaS vendors are now rushing to upgrade tools with enhanced productivity capabilities that are driven by generative AI. Among a wide range of uses, GenAI tools make it easier for developers to build software, assist sales teams in mundane email writing, help marketers produce unique content at low cost, and enable teams and creatives to brainstorm new ideas.  Recent significant GenAI product launches include Microsoft 365 Copilot, GitHub Copilot, and Salesforce Einstein GPT. Notably, these GenAI tools from leading SaaS providers are paid enhancements, a clear sign that no SaaS provider will want to miss out on cashing in on the GenAI transformation. Google will soon launch its SGE "Search Generative Experience" platform for premium AI-generated summaries rather than a list of websites.  At this pace, it's just a matter of a short time befo