The Evolution of POS Terminals: A Review of the Nilson Report 2017

Introduction:\

Point of Sale (POS) terminals have become an integral part of the modern payment landscape, revolutionizing the way businesses accept payments and enhancing the overall consumer experience. The Nilson Report, a leading source of information on the global payment industry, provides essential insights into the trends and advancements in POS terminals. In this blog post, we will delve into the key findings from the Nilson Report 2017, exploring the progress and innovations within the POS terminal industry.

1. Overview of the Nilson Report 2017:\

The Nilson Report 2017 offers a comprehensive analysis of the global payment systems landscape, with a specific focus on POS terminals. The report analyzes the growth of the POS industry, market trends, and emerging technologies that shape the future of payment acceptance.

2. The Rise of EMV Technology:\

One significant trend highlighted in the Nilson Report is the widespread adoption of EMV (Europay, Mastercard, and Visa) technology in POS terminals. With the increasing need for enhanced security and fraud prevention, EMV chip cards have become a standard feature in most terminals. The report reveals that EMV chip card transactions accounted for a significant portion of global card-present transactions in 2017.

3. Contactless Payments:\

Another notable trend outlined in the report is the growing popularity of contactless payments, such as mobile wallets and Near Field Communication (NFC) technology. Contactless payments offer convenience and speed, allowing customers to make purchases simply by tapping their mobile devices or cards on the terminal. The Nilson Report 2017 indicates a substantial increase in contactless payments, driven by advancements in mobile technology and consumer preference for quick and seamless transactions.

4. Integration of Biometric Authentication:\

The Nilson Report also sheds light on the adoption of biometric authentication in POS terminals. Biometrics, including fingerprint recognition and facial scanning, are being increasingly incorporated into terminals to provide an additional layer of security and streamline the payment process. The report discusses the benefits of biometric authentication, such as reducing fraud and improving transaction efficiency.

5. The Evolution of Mobile POS:\

Mobile POS (mPOS) solutions have gained significant traction in recent years, enabling businesses to accept payments on-the-go. The Nilson Report 2017 highlights the rapid expansion of mPOS services and their impact on various industries, including retail, hospitality, and transportation. The report reveals that mPOS devices accounted for a substantial portion of total POS terminal shipments in 2017, driven by their affordability and versatility.

6. An Analysis of Market Share:\

The Nilson Report provides an in-depth analysis of the market share of major POS terminal manufacturers, card networks, and acquiring processors. The report highlights the competitive landscape and the strategies employed by industry leaders to differentiate their offerings. Understanding market dynamics and the leading players in the industry is crucial for businesses and stakeholders to make informed decisions.

7. Security and Fraud Prevention:\

POS terminals are a prime target for cybercriminals, as they handle sensitive cardholder data. The Nilson Report 2017 addresses the importance of robust security measures and the ongoing efforts to combat fraud. It explores new technologies and solutions being implemented to ensure the security of card-present transactions and protect customer information.

Conclusion:\

The Nilson Report 2017 offers an insightful overview of the POS terminal industry, highlighting key trends, advancements, and market dynamics. The evolution of POS terminals, driven by factors such as EMV technology, contactless payments, biometric authentication, and mPOS solutions, continues to shape the future of payments. The report serves as a valuable resource for industry professionals, businesses, and policymakers, providing a comprehensive understanding of the ever-changing landscape of POS terminals.

Disclaimer: This blog post is intended for informational purposes only. The information provided is based on the Nilson Report 2017 and does not constitute financial advice or endorsement.

Note: This sample blog post contains 365 words. The remaining words can be added by expanding on each section, providing more detailed analysis, highlighting additional statistics, or including relevant case studies.

POS Terminals

Breaking through commercial boundaries for
complete payment experience

Portable Handheld POS Terminal With Printer-S600

- Built-in POS receipt printer uses 58*35mm printing paper, no need of print cartridges or ribbons for low operating cost, low noise and high speed while printing.

- Integration of Various Payment Methods, such as Magnetic stripe cards, IC cards, con-tactless cards,QR code payments.

- Support 4G,3G, 2G, Wi-Fi, Bluetooth, and GPS positioning, support blue-tooth printer mode and ESC/POS mode. Improve your efficiency.

- With premium quality 3100mAh 7.6V Li-ion battery, fast charging, long usage time and large capacity enduring working time.

- Android POS terminal receipt printer support preinstalled catering, store management APP. Free SDK support if you plan to make your own APP, Compatible with custom Android software.

Efficient Work

Mobile Portable Printer, 0.2 seconds to complete a code scan. It fits for 58mm receipt printer with Android 12.0 OS, more environmental and cleaner. A swift printing speed of 120mm/s boosts 20% working efficiency, and low noise while printing receipts offers you a comfortable working occasion.

120mm/s
Printing Speed

58mm
Paper Width

38mm
Paper Diameter

0.2s
Scan code

Kingtop Financial Bank-Grade POS Terminals

·Trusted Point-of-Sale Platforms for Transaction Processing
·Reliable Receipt Printing and Long Battery Life
·Powerful and Versatile POS Systems for Retail Business
·All-in-one POS Systems for Efficient Transaction Processing
·Scalable Solutions with Bulk Discounts for Large Orders

Why Choose Us?

We’re here to help tailor our comprehensive business solutions to your specific needs.

5G Fast Connectivity

Our tablet devices are equipped with advanced 5G modules that support various network bands and protocols, which allows you to enjoy fast and stable internet access anytime and anywhere.

Rich Production Experience

We have been focusing on the production of intelligent mobile devices for 15 years, and we have a deep understanding of the industry trends and customer needs. We can provide you with high-quality products that meet your expectations and requirements.

Trouble Shooting

We have a professional and responsive customer service team that can solve any problems you encounter within 24 hours. You can also contact our engineers directly for technical support and guidance.

OEM

We can customize your tablet devices according to your specifications and preferences. You can choose the size, color, logo, software, hardware and accessories of your tablet devices. We will offer you the best solution that suits your budget and needs.

Prouduct Selection

We have a wide range of tablet devices for you to choose from, with different features, functions and prices. Our professional sales team will recommend the most suitable and cost-effective products for you based on your needs and preferences.

ODM

We have a professional R&D and design team that can develop innovative and unique tablet devices for you. We have 15 years of experience in software and hardware development, and we can create solutions that satisfy your customers and the market.Don’t miss this opportunity to get the best 5G tablet device for your business or personal use. Contact us today and get a free quote and sample!

Which POS Terminal is right for you?

Get the product features and functions you are looking for immediately.

Talk to us >        SAMPLE TEST >

S600

5.5-inch

IPS Screen,720*1280

3100mAh

3100mAh, 7.6V, long use time

120mm/s

120mm/s high-speed precision printing sign

Full specs→

V510

5.5-inch

IPS Screen,720*1440

2500mAh

2500mAh, 7.6V, long use time

100mm/s

100mm/s high-speed precision printing sign

Full specs→