![]() Merchant Services: any and all things related to how you accept and authorize payment by debit and credit cards, Apple Pay, and Google Wallet. Not to be confused with payment terminals or point of service hardware and software. POS: Point of Sale - a software program or app used to track sales, inventory, and customer information. Partner: Company that is trained and certified to sell, install, train on, and support a specific point of sale software program. SaaS: Software as a Service - software that you pay an ongoing fee to use (normally monthly but can be annual or even seasonal). Nice article covering some of the terms that are used related to point of sale systems - I'm guilty of often using acronyms so here are some additional terms not found in the original article: Time Clock: Enhanced use and reporting of the time clock function in RMS.Supplier Integration: Upload a suppliers database of products and use electronic purchasing.Sales Velocity Tool: Quickly see product movement.Emailer: Email receipts to customers and perform very limited mass emails.Restock Report: Quickly see which inventory items need to be replenished.Profit Checker: Set desired profit margins.Price Level Extension: increase the number of price levels offered in RMS.RITE Label: Enhanced label printer features and functionality.Open Discount: Setup additional open discount buttons in RMS.Keg Registration: Allows for the rental and tracking of kegs within RMS.Inventory Roll Back Report: See changes in inventory that took place after request date.Enhanced Gift Cards: Not happy with the Voucher Gift Card system in RMS?.Express Customer Setup: Use ID card information to enter customer data in to RMS.Delivery Module: Use RMS in your retail business that offers deliver services.Enhanced Z Report: Get more detail in your daily Z report. ![]()
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