Cashless Payment Technology

Beneficial features of using cashless payment technology include expediting the purchasing process for customers, incentivized ordering strategies, and more to name. Credit cards are a notable cashless payment, but are not the only cashless payment option for businesses.

Here are some key features included in cashless payment technology:

• Payment Methods
• Employee Payroll Deductions
• ID Badge Scanning
• Self-Service & Online Solutions

Cashless Payment Technology — Payment Methods

• Employee payroll deductions are a favored tender type for businesses. ArbaRapidPay allows these payments to be made in addition to offering full POS software integration for ease of documenting and tracking.
• Departments will make use of our department charges which allow payments to be sent to departments via an account number.
• Credit Card Payments are available with cashless payment technology

1. Tap to pay
2. NFC Payments
3. Hosted Payment Page for online ordering

• Our declining balance solutions allow funds to be added to a payroll deduction account that removes costs as items are purchased.

Cashless Payment Technology — Payroll Deductions Interface

Employee payroll deductions allow staff to use their ID badges to purchase items from their cafeteria or retail locations, with costs taken from their paychecks. Incorporating employee payroll deductions will incentivize staff to make food service and retail purchases more frequently, and allow a preferred method of completing purchases.

Integration plays a key role in the functionality of payroll deduction software and is rarely seen in payroll deduction providers. Our payroll deduction software, ArbaRapidPay, allows ID badge payments to be made, in addition to offering full integration with your other POS sales. Managers will receive compiled data reports from their points of sale, regardless of tender type. The use of this cashless payment method has proven to increase participation and revenue from employees by upwards of 25%. Our payroll deductions are available for your on-site, online, or self-ordering transactions.

Cashless Payment Technology — ID Badge Scanning

• Our cashless payment technology handles different badge types such as RFID, Barcode, and Magnetic stripes.
• Different badge types can be scanned at the point of sale for payroll deduction purchases.
• Automate your payroll deduction process with ID badge scanning and incorporate a much more convenient purchasing experience.

Self-Service & Online Ordering Cashless Technology

Using cashless payment solutions extends to other points of sale as well. Incorporating these cashless payments within your self-ordering software is the best way to implement a fully contactless experience for your customers. Our self-service kiosk POS allows customers and employees to place orders using a standalone terminal. Customers may use their credit cards to complete purchases, and employees may use their payroll deductions. These sales are integrated with your ARBA POS software for ease of documentation and reporting.

Online ordering is the best way to sell to customers and generates a new stream of revenue for your business. Cashless fulfillment options are essential to offering the best online experience for your customers and incentivizes them to make use of it more frequently. Automatic on-hand inventory updates will be made to your POS inventory database after each online transaction for ease of tracking, and employees will make use of their payroll deductions, which are also integrated with your in-store purchases.

Incorporating cashless payment technology is essential to maintaining a speedy purchasing experience, in addition to offering your customers to most ideal and convenient purchasing solutions.

Author: Max Jovanovic