P.O.S Machines For Relief The Currency Shortage.
Presently India has facing lack of currency in market due to unexpectedly order from the government. They recalled 500; 1000rs currencies from the market for reduce the black money in India. According to a famous encomiast say that it is a great decision to avoid the black money but at the same time there will be a deep consequences will face if not take appropriate precautions. At the this movement POS machine very popular to whole sale shop retail market even though In Sabarimalla temple using POS machine for pay the reward to god.
Most of peoples have no idea about what is POS and how it is functioning. Some of the place it is calling PDQ (Process data quickly) A point-of-sale (POS) terminal is a computerized replacement for a cash register. Much more complex than the cash registers of even just a few years ago, the POS system can include the ability to record and track customer orders, process credit and debit cards, connect to other systems in a network, and manage inventory. Generally, a POS terminal has as its core a personal computer, which is provided with application-specific programs and I/O devices for the particular environment in which it will serve. A POS system for a coffee shop, for example, is likely to have all menu items stored in a database that can be queried for information in a number of ways. POS terminals are used in most industries that have a point of sale such as a service desk, including restaurants, lodging and entertainment etc.
Machine we will get by banks. The name of SBT providing POS machine is calling MAB (Merchant accusing business).there is no any payment for installation of machine. But there should be clause at 19.05.2014 if commerce didn’t achieve 15,000 per month bank will charge around 200RS.if you not success and satisfy with the machine you can return to the bank with 500RS fine.
There are three types POS machine available and vendors can select depend upon there requirement. The First one is PSTN normally it connect with telephone line and 2nd one is desktop GPRS POS terminal and function work with GPRS connectivity with help of SIM cards. Both of POS machines will work in a fixed place. But the third one is portable GPRS POS machine. This machine contains inbuilt battery so it is movable. In Kerala customarily using Oxygen, Hitachi branded machines.
What are the facts should need to follow while using POS machine transactions.
While using the card should confirm nobody see your pin code entering. As a protection close the display with your hands.
Don’t give to use the card and password to the staff in shops, petrol plumb etc. better transaction should be under card owner it is truthful for the consumers and customers. Never write or keep the password with card in your wallet.
At this movement government seek to make a cashless India. So Govt giving advertisement and offers to using plastic money transactions. So without any doubt we can say that POS machine is a considerate Indian market.