02/02
RSR V P O S - V I R T U A L P O S
30
traditional check conversion; aver- age check processing time is reduced from 12 days to four days.
In general, hardware vendors are responding to louder cries for elec- tronic receipt capture and storage capabilities. “Merchants want a more efficient way than paper to maintain and retrieve receipts,” states George Devitt, senior vice pres- ident and chief marketing officer of Hypercom, which supplies credit authorization terminals. Hypercom has developed epicReceipts database software for uploading receipt data to a secure server. Information may also be downloaded to receipt print-
ers for printing onto paper should the need arise. Both Transact Technologies, Ithaca and Citizen- CBM America report work on adding electronic journaling features to their printer lines.
GRAPHICS CAPABILITIES
Demand for printers that can gener- ate color receipts, either with or with- out graphic embellishments, is also heating up. Gregg Gallagher, execu- tive vice president,
Star Micronics’
19
Volume of
Transactions
(billions)POS | 15 | 2001 | 15 |
| |||||||
|
|
|
|
|
|
|
|
|
| ||
at |
|
|
|
|
|
|
|
|
|
| |
10 |
|
|
|
|
|
|
|
|
|
| |
transactionsof | 8.3 |
|
|
|
| ||||||
|
|
|
|
| |||||||
5 |
|
|
|
|
| Debit |
|
| Credit | Checks | |
Number |
|
|
|
|
| Card |
| Card |
| ||
|
|
|
| ||||||||
0 |
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
Type of Transaction
Note: Despite the rapid growth in both debit and credit card transactions, checks are still the largest
TSP600 thermal
printer
sumers. At press time, Gallagher’s company was preparing to introduce the CBM1000 Type II printer, which will feature
“Merchants see the use of color printing and images on receipts and combination receipt/coupons as an effective way to not only build their brand image, but to cultivate
repeat business,” concurs Christophe Naasz, technical sales manager, Star Micronics. Star Micronics’ new TSP600 Series ther- mal printers, promoted as low- cost,
TWO-COLOR PRINTING
Two other recent introductions to the vendor’s
Source: Federal Reserve, 2001, U.S. Snapshot and Extrapolation Study