An ever-growing number of UK retail businesses are introducing EPoS software to assiit in the improvement of their business. Despite the many obvious reasons why EPOS software should be integrated into any business one thing that many people overlook is the importance of security.

Electronic Fund Transfer
Integrated charging is one of the most important features of any piece of EPOS software.Basically this feature involves an integrated Electronic Fund Transfer Point of Sale.EFTPoS, as it’s more commonly referred to, links to an electronic till allowing customers to make debit or credit card transactions which are instantly debited from their back account.

Reduce Cash Purchases
Integrated EFTPoS systems can assist in reducing the number purchases made using cash and the risks associated with it.For example, the risk of receiving counterfeit cash at the point of sale is reduced, time spent handling money is reduced during cashing up times, less deposit runs to the bank are needed reduced and the number of collections by security firms can be reduced.

Payments by Cheque
As well as helping to reduce the risks associated with cash sales, EPoS software, with EFTPoS integration, also helps to discourage payment via cheque.Cheque payments carry their own unique set of risks, one of the most common being ‘bounced cheques’, a term used to describe when a customer does not have enough money in their bank account to cover the cost of their purchase.

As well as the obvious issues surrounding a bounced cheque, both customers and businesses are charged by their respective banks when this occurs.

With EPoS software with integrated EFTPo, in place, such a situation, where insufficient funds are present, would see the sale refused preventing the customer from leaving with items they have not paid for and removing the risk of further charges.

Find Out More About EPoS Software
Leading UK systems house BCP, provide their own branded Accord® EPoS software offering a wide range of options and functionality.Accord® EPoS Software solutions are the ideal solution for improved retail security providing many benefits to your business.

To find out more BCP on +44(0) 161 355 3000 or drop them an email at mail@bcpsoftware.com

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Filed under: Personal Safety

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