It has to do with switching from traditional, in-store point-of-sale (POS) systems to cloud-based POS systems that can be run from tablets (like an iPad®) or mobile devices.
Cloud-based computing refers to on-demand computing and data storage resources located on the Internet, instead of on a business's physical premises. Companies entrust some or all of their data, software and computations to remote servers located online, or "in the cloud." While cloud computing isn't really all that new -- online accounts with Amazon®, Google® and online photo services like Flickr® are located in the cloud -- the use of cloud-based computing in the merchant card processing arena is relatively new.
Cloud-based merchant card processing is conducted via payment gateways -- online POS systems linked to merchant accounts. The online POS or payment gateway facilitates communication of payment information between all of the backend players (i.e., networks and banks) involved in payment transactions.
There are a number of potential benefits of cloud computing for merchants:
You might be wondering exactly what's involved in switching to a cloud-based POS system, and when might be a good time to make such a switch.
Your merchant services provider can help you make the switch from your traditional in-store POS system to a cloud-based system quickly and efficiently. You won't have any payment processing downtime, so your business won't lose out on any sales opportunities.
If you would like to learn more about the benefits of cloud-based payment processing and how to make the switch to a cloud-based POS system, call PNC Merchant Services at 1-800-742-5030.
The Clover™ Station »
The Clover Station replaces your cash register, payment terminal, receipt printer and barcode scanner with an all-in-one solution for restaurants.
Amazon is a registered trademark of Amazon in the United States and/or other countries; Google is a registered trademark of Google, Inc. in the United States and other countries; Flickr is a registered trademark of Yahoo! Inc. in the United States and other countries; Visa is a registered trademark of Visa International Service Association and used under license. Visa is a registered trademark of Visa International in the United States and other countries; MasterCard is a registered trademark of MasterCard International, Inc.; American Express is a registered trademark of American Express Marketing & Development Corp. in the United States and other countries.
Merchant Services provided by PNC Merchant Services Company® and are subject to credit approval. PNC Merchant Services is a registered trademark of the PNC Financial Services Group, Inc.