“Square’s COO Keith Rabois is predicting that nearly all retailers will be running their business off an iPad or comparable device in the near future,” Tricia Duryee reports for AllThingsD.
MacDailyNews Take: There is no comparable device.
“When pressed for a time frame in a recent interview, Rabois claimed that the transition could take place in as little as 18 months,” Duryee reports. “This would be a very fast pace, given that so many merchants have already invested thousands of dollars in their point of sales machines — not to mention other hurdles, such as getting employees up to speed on new systems.”
Duryee reports, “‘The era of standalone machines is over,’ said Rabois, a former executive at PayPal. ‘Everyone will be migrating to iPads and comparable devices, which will be powered by an app — that is, hopefully, Square.'”
Read more in the full article here.
[Thanks to MacDailyNews Reader “MotivDev” for the heads up.]
Related articles:
Inside Apple’s secret plan to kill the cash register – May 19, 2012
Square’s new app turns Apple’s iPad into full-blown cash register (with video) – March 5, 2012
Apple’s iPad already replacing cash registers by the bushel – August 23, 2011
It is already happening at small shops with innovative leaders. I’m surprised it has taken this long for an article.
Pain du Monde in Fashion Island @ Newport Beach has been on iPads for many months. Staff and customers love them. It speeds up both orders and card charges as most people choose paperless confirmations with just finger tip choice and signatures.
Poor NCR (National Cash Register Co.).
http://www.ncr.com/products-and-services/pos-solutions/realpos-terminals
Screw those backstabbing jerks.
Apple, with 3rd-party developers, disrupts yet another industry. And don’t forget about the ability to incorporate iPod touches or iPhones sales staff deployment to keep everyone interconnected and instant customer service. As Apple stores do. No standalone cash registers: iPads, iPhones, iPod touches for checkout, check-in, information. Retail integration at its best. I have yet to see any deployment of an Android system. Not in this galaxy.
What I find particularly interesting is that a large number of POS Windows PCs used in the count of market share are actually POS (point of sale in this case) terminals. This could kick PC market share down a couple of notches.
“…large number of POS Windows PCs…”
In what sense are you using the term “POS” here? 🙂
use 1 – piece o’ shyte
use 2 – Point Of Sale
An attempt at humor in overloaded TLAs.
Both apply.
The new iPod touch could fill this gap as well.
My company is changing over to square on the iPad in October. Great software for free, but the rate is about a point more than normal, but no upfront costs other than the iPad. The register program lets you put in 1000s of items do you just touch to check out then email the receipt.
After carefully reviewing Square, I found PayAnywhere to be a better option. 2.67% with no minimum, no fees, and best of all I can talk to a real person when I call customer service, instead of having to email customer support and wait for a response. They sent the reader “free” ($20 s&h) but that’s the only extra fee I had to pay. I get money in my account within 2-3 days.
iPad – the conquest continues, the dominance insues.
iPad – the real Real Thing
Does this mean we will have to revert to POS standing for ‘Point of Sale’?
Here are 96 other alternatives
http://www.acronymfinder.com/POS.html
On the horizon: The switch to POFS.
My retail business will be on real time iPad unit 🙂 iBiz = ok!!
AAPL stock will be $1099 before 2015 ends 🙂 soooo 401k 🙂
Apple revenue and profits have nothing to do with the share price. If it did, Apple share price wouldn’t be playing second fiddle to Google’s share price. asymco’s Dediu has pointed out many times that Apple’s share price is disconnected from revenue and will continue to stay that way. All that will happen is a constantly shrinking P/E. Apple’s share price might reach $850 by 2015 even with steady revenue growth but that’s about it.
… a company’s (not just Apple’s) revenue and profits are not hard-wired to the stock price, the three tend to move along similar paths. Revenue goes up, profit tends to go up, stock price usually goes up. The P/E for AAPL is admirably low at the moment, just one good reason to buy and hold. Lots of room.
You should follow Asymco a bit more closely. Horace has shown that there is a fairly tight and consistent correlation between aapl’s pps growth and the growth of their cash, which of course is driven by earnings. And apologies if this sounds harsh, but your daily whine about Google’s pps simply makes you sound like a noob.
And even if they don’t fully change over, many of them use an iPod for interfacing to many services like Groupon. When you bring in a Groupon, many places will scan it using an iPod, then type in the number into the register.
My guess is that retail is the real target for rumored iPad mini. Secondary target is K-3 education and Xmas presents for kids who have been sharing their parents iPad.
So Apple is ringing the cash register, so to speak?
There is a cajun fast food chain here in Southwestern Ohio (at least, I don’t know how far its reach is), called J. Gumbo’s. Every store I’ve been into, they use an iPad as their cash register. I’ve also seen them in a handful of other places that I’m having trouble placing at the moment.
My masseuse runs my card using Square on her iPhone, then emails the receipt to me where I receive it on my iPhone. Talk about a closed ecosystem!
Sounds like a happy ending for all!
Does she then set up her iPhone to vibrate and set it down on your back to do the massage work while she updates her blog? 🙂
No, I give her Apple investment advice while she works. Apple is why I can afford a massage every couple of weeks.
And this is alarming why?
Ios 7 will include an Apple payment app for device to device. Better watch it Square.
We all own habits, some good and some not so good. These are behaviors that we’ve learned and that come off almost automatically. And most of us have a habit we’d like to break, or equal we’d like to develop.
Please, Help Me