How to Prevent Theft with your Point of Sale System

Inspire

Blogs

Theft can represent a major breach of trust, and also cost businesses a lot of money. The good news is that there are ways of preventing theft from your point of sale (POS) system, and in this post, we take a look at some of them.

How to Prevent Theft with your Point of Sale System

Cash tracking implementation

Cash is a vulnerable asset which must be tracked effectively in order to prevent theft. You should set up your point of sale system to require a numerical amount or another action to be entered each time the cash till is opened. This can help you track exactly why it was opened, and the transaction which took place each time. Actions can include ‘void’ or ‘cash paid out’ – the important thing is that you are documenting each time the POS system is being used.

Clearance and checks

A tightly run retail team does not typically let everyone have access to the POS system for certain actions. This would allow the opportunity for sales to be voided out or products to be deleted. Giving too many people access can lead to problems down the road and increase the risk of theft. By only giving trusted managers access to your POS system for these kinds of actions, you are able to keep tighter controls over your cash.

Security set up

Your POS system can include a range of security levels which are applied to various personnel, depending on their seniority and the access which you wish to provide them with. Different floor managers, store managers, or waiters and waitresses can have their own individual settings, ensuring that you know exactly who can do what in the context of your POS system.

Employee pins

Pins or cards can be used by your employees as a way of signing into your POS system, and give you the opportunity to exert the security and clearance controls mentioned above. Not only will this keep unauthorised individuals out of your POS system, but it will also help you track all actions and transactions from specific employees, allowing you to look into any inconsistencies at any time. The aim of your employee pin system should be to ensure that everyone is accountable.

The advantages of MPOS

Today’s advanced mobile point of sale systems can help you close gaps at the transfer of responsibility. MPOS can make life harder for thieves thanks to the latest technology while making it easier for customers to pay. Take the ECR Go2 from ECR, for instance. It accepts all types of mobile wallet and card payment and is augmented by unrivalled performance and lightweight design.

The best of both worlds

By ensuring you have the best possible mobile POS systems, as well as implementing security best practices, you can reduce the risk of theft from your retail business, meaning you won’t be losing time or money due to your assets being compromised.

Why your customers need self scan ticketing right now!

With the advent of retail self-scan machines, and onboard smartcard readers for public transport, today’s customers and passengers are increasing being afforded the liberty they have demanded to manage their own purchasing and payment experience. And mobile ticketing and EPoS systems are no exception.

ECR Move To New Offices in Kings Langley

ECR Retail Systems move to state of the art new offices The Mobile Point of Sale (MPoS) specialists ECR Retail Systems announce their move to Kings Langley, Herts. With new business wins and new systems implemented in 2015/2016 including French rail network SNCF, National Express, CCSL (Northern Ireland) and the Sierra Leone National Revenue Authority

The Latest Trends In POS Technology That You Need To Know

As with all things rooted in technology, Point of Sale trends are continually changing and evolving as developments arise

The Benefits Of Cloud-Based PoS Systems

One of the biggest recent developments in PoS technology is the ability to now host your system on the cloud.
Here are some of the most compelling reasons to choose a cloud-based PoS system.

LNER Selects ECR Retail Systems for New MPoS System

ECR Retail Systems has been awarded a contract by the London North Eastern Railway (LNER) for its MPoS system, supporting rail crews on the London King’s Cross to Edinburgh route as they provide at-seat services to customers.

The Benefit of Retail Time Data & how it affects your Business

We are living in the era of big data, and some sectors have been quicker than others to catch on to the potential of business information which can be harvested for the benefit of sales and marketing strategies. One of the 'early adopters' has been the retail industry, which has been busy exploiting the opportunities presented by real-time data.

ECR Launches SNCF Mobile Payments Project

Following a successful pilot project ECR Retail Systems – the London-based mobile point of sale (MPoS) specialists – have deployed their real-time mobile payment solution across the entire SNCF fleet of trains, France’s largest rail operator. This development follows the award of a three-year contract.

Should my Business take Mobile Payments through my PoS System?

Adoption of NFC (Near-Field Communication) mobile payment systems is definitely growing, but so far adoption has been slower than expected. So, is it worth your business investing in the capability right now?

Microsite Progress for Vietnamese Company

ECR Safeguards The Future Of Paris Institution With Mobile Payment Solution

ECR safeguards the future of Paris institution with mobile payment solution

Bournemouth Borough Council

How To Boost Sales With Your POS During A Slow Season

It’s a sad truth that every retail business has its busy seasons and its slow seasons. Even mighty multinational behemoths like Amazon report a dip in sales in mid-June and early August.