Monday, May 22, 2017

Making Online and Mobile Payments Hassle-Free

Online spending is on the rise as consumers take advantage of the convenience of digital channels...Customers dislike long, difficult online checkout processes. To complicate matters further, online shoppers no longer just browse from the comfort and security of their home or office; they’re on-the-move, making online purchases through their smartphones. These consumers have particular needs for an enjoyable shopping experience - sites have to be optimized for mobile, pages can’t be too text heavy or difficult to read on a small screen, scrolling needs to be limited and a clear layout and navigation is a must.. Retailers and merchants that recognize the online shopping experience has changed can take steps to make it as friendly as possible to the mobile shopper. Online transactions, particularly on mobile, need to be hassle-free for the consumer. Ensuring this is the case needs to be given equal weighting within the raft of criteria to satisfy for a good mobile shopping experience. This includes a site that is simple to navigate, reassurance around security and ensuring that webpages present well on a small screen..
Speed and ease of use: This, at a time when solutions that encourage us to part even more readily with our money are being developed all the time. Technology integration has streamlined in-person payment processes through the likes of contactless payments by card and by phone, and ‘click to buy’ buttons are appearing online. The end goal in all cases is to remove as many barriers to transactions as possible..
Frictionless checkout: As online customer experiences get simpler, friction-free checkout gives customers the best possible experience and, in turn, helps merchants reduce shopping cart abandonment..Progressive payments providers are making best use of advanced data analytics and streamlined business workflows to automate as much of the process as possible. The dynamic and intelligent use of real-time data, together with process automation can achieve a low latency customer experience.. By simplifying the buying process for both consumers and merchants, innovations in risk technology can break down barriers to online purchasing. Those retailers who take advantage of this will benefit from an online experience that meets today’s challenges and enable them to compete.. Read more here

To place your order online go to papernetusa.com

Tuesday, May 16, 2017

7 Restaurant Performance Metrics and How to Calculate Them

..Increasing a business's efficiency and profitability doesn't happen overnight. There are so many moving parts involved in operating a restaurant - so many different costs and revenue channels and factors that ultimately influence net profit or loss - that you cannot simply expect to make one change and see all operations and margins improve.
1) Break-Even Point
Your break-even point is one of the first numbers you should calculate. This number lets you pinpoint how much you must do in sales to earn back an investment.. Total Fixed Costs ÷ ( (Total Sales - Total Variable Costs) / Total Sales) = Break-Even Point
2) Cost of Goods Sold (COGS)
Cost of Goods Sold refers to the cost required to create each of the food and beverage items that you sell to guests. In this way, COGS is really just a representation of your restaurant’s inventory during a specific time period. In order to calculate COGS, you need to record inventory levels at the beginning and end of a given period of time, and any additional inventory purchases. 
Beginning Inventory + Purchased Inventory - Final Inventory = Cost of Goods Sold (COGS) 
3) Overhead Rate: Total Indirect (Fixed) Costs / Total Amount of Hours Open = Overhead Rate
4) Prime Cost: Labor + COGS = Prime Cost..
A restaurant’s prime cost is the sum of all of its labor costs (salaried, hourly, benefits, etc.) and its COGS. 
5) Food Cost Percentage..
6) Gross Profit..
7) Employee Turnover Rate..   Read more here 

To place your order for Restaurant POS supplies go to papernetusa.com 

Monday, May 1, 2017

Go Coin-and-Cash-Free at Vending Machines

..Consumers want a seamless shopping experience. They want to be served instantly at stores and are even more demanding when it comes to buying at a machine. Globally, 61 percent of consumers say they would be willing to shop in a completely automated store with kiosk stations using virtual service. 52 percent say they actually prefer self-service stations to avoid waiting in lines.
Using the PayRange app on their mobile device, consumers can select the beverage or snack they want to buy and pay for those items safely and securely using Masterpass.
“Convenience is as important to consumers as personalization and customization,” said Betty DeVita, chief commercial officer, Digital Payments and Labs, Mastercard. “Paying with a mobile phone seems like such an obvious answer to a pain point that has existed for decades. Whether it’s a physical card or a tap of a phone, as mobile usage becomes a way of life, consumers will expect all retail touchpoints to be as mobile-friendly as possible and all commerce experiences to be frictionless.”
With Masterpass, consumers are able to store all payment information, including card details, shipping information, and payment preferences in one convenient location...Read more here

To place your order go to papernetusa.com

Thursday, April 20, 2017

Mastercard Unveils Fingerprint Operated Credit Card

Mastercard today unveiled the next generation biometric card, combining chip technology with fingerprints to conveniently and safely cardholder’s identity for in-store purchases..
The new card builds on fingerprint scanning technology used for mobile payments today and can be used at EMV terminals worldwide.
How It Works: A cardholder enrolls their card by simply registering with their financial institution. Upon registration, their fingerprint is converted into an encrypted digital template that is stored on the card. The card is now ready to be used at any EMV card terminal globally.
When shopping and paying in-store, the biometric card works like any other chip card. The cardholder simply dips the card into a retailer’s terminal while placing their finger on the embedded sensor. The fingerprint is verified against the template and – if the biometrics match – the cardholder is successfully authenticated and the transaction can then be approved with the card never leaving the consumer’s hand.
Benefits: Authenticating a payment transaction biometrically – in this instance via a fingerprint – confirms in a very unique way that the person using the card is the genuine cardholder. Merchants can easily maximize the shopping experience delivered to their customers, as the card works with existing EMV card terminal infrastructure and does not require any new hardware or software upgrades. For issuers, the technology helps detect and prevent fraud, increase approval rates, reduce operational costs and foster customer loyalty. Additionally, a future version of the card will feature contactless technology, adding to the simplicity and convenience at checkout..Read more here

To place your order go to papernetusa.com

Tuesday, April 11, 2017

Using Data-Based Decisions to Improve your Independent Restaurant Business

..Today’s Point-of-sale technology can help independent restaurant operators gain unparalleled insights into their business with the click of a button. By upgrading your POS, you can easily and definitively answer specific questions, such as, “what time should I open,” or “is it worth it to stay open on Sundays,” or “should I consolidate the number of menu items I offer?” These data-based decisions have the potential to level the playing field for your business as you compete against larger chains and in increasingly crowded markets. 
..The possibilities are almost limitless. With the right technology, you can analyze which menu items perform best and when, identify trends and spikes in business so you can more appropriately allocate staff resources, determine whether or not to open on a holiday or even identify which servers take the most time to turn tables and train them to be more efficient. By closing the gap on operational inefficiencies, you’ll have more time to dedicate to top quality customer service – and maybe even a vacation.. Read more here

To place your order and save money go to papernetusa.com

Friday, March 10, 2017

Price Reduction - Free Shipping - One Page Checkout

We are pleased to share the following 3 announcement with you:

1. PRICE REDUCTION
To keep our lowest price guarantee, we lowered your prices by an average of 5%-7% of all major items.

2. FREE SHIPPING
To provide the best value for our clients and protect them against ever increasing shipping charges, we are extending our FREE SHIPPING program enjoyed by majority of our clients to all of our clients starting immediately.

3. One Page Checkout on our website
Our new One Page Checkout makes it even faster to complete your orders. We welcome your feedback about any part of our business and your comments about our Website www.papernetusa.com

Thursday, March 9, 2017

Taking A Look at MasterPass

..MasterCard stepped in to design a service for consumers and merchants who want the most simplified checkout process ever. In 2013, the company launched the MasterPass app, which was the first mobile wallet of its kind: it provides both security and universal acceptance as an open platform wallet. In other words, the service allows the customer to pay with any credit card, debit card, or prepaid card the merchant accepts—and yes, that means customer don’t even have to be MasterCard holders to use MasterPass.
How it works
MasterPass eliminates the need to enter financial and shipping information at every new merchant site, or store financials across a number of apps—not only does this streamline the transaction process, but it’s also a better safeguard to sensitive information.
 Here’s how it works:  first, create a digital wallet through the app.  When you decide to buy an item from a merchant, you simply click on the MasterPass icon on the website, sign in to the app,  choose and authenticate your wallet and shipping address, and that’s it—complete checkout as usual on the merchant’s page. To review: sign in, click, click (or swipe, swipe if you’re on an Android or iPhone).  MasterPass does all the work as far as transferring funds and shipping information to the merchant, who submits the payment information to their acquirer as usual for processing.
Benefits for everybody
The MasterPass is a win-win whether you’re buying or selling:
  • Customers like loyalty programs—rewards point turn into freebies or discounts, and what’s not to like about those? Businesses like loyalty programs—repeat customers are the best customers. MasterPass understands both sides of the coin, and as an open wallet, the app accepts loyalty cards to earn points with every use.
  • MasterPass won’t show up as the merchant of record, which makes for an easier transaction experience for customers and merchants alike.
  • When transactions happen, fraud scoring takes place as this is now an industry standard.  MasterPass safeguards user accounts with multiple layers of security (CVC check, address verification, and text alerts)plus optional security features. MasterCard and MasterPass work with bank partners’ Fraud Prevention programs as well.
An unbeatable price?
MasterPass is free!. Read more here

To place your order for POS supplies go to papernetusa.com