POS Systems, more commonly known as point of sale systems, are devices that track any and all transactions that are processed at the “point of sale.” Originally used as a cash register, POS systems have roots dating back as far as the late 1800s in Dayton, Ohio. Inventor James Ritty, “father” of the cash register, opened an immensely profitable saloon in 1871; however, Ritty ran into a transaction problem with a couple of corrupt employees. Cash was filling the pockets of employees rather than the saloon and a disgruntled Ritty decided to change the way money was handled. While vacationing on a steamboat in Europe during 1878, Ritty spotted a machine on a ship that registered propeller spins. Ritty decided to invent a similar device that could register the amount of cash transactions recorded at his saloon. After working on three different models he was finally able to complete a device that recorded the amount of sales made. On January 30th 1883; Ritty received a patent for his device, calling it “Ritty’s Incorruptible Cashier”, or as we know it today, the cash register.
The mechanical cash registers implemented by Ritty came with a ringing sound every time an employee opened the drawer. The “cha-ching” sound alerted managers of the sale and became widely known as the “Bell Heard Round The World.” Ritty became weary of the success of his patent and sold his rights to the cash register to Jacob H. Eckert. Eckert believed he could manufacture cash registers to a wider audience, therefore he founded the National Manufacturing Company. Eckert quickly sold the company to John H. Patterson, a coal yard manager, in 1884. Upon his acquisition from Eckert, Patterson changed the name of the company to the National Cash Register Company and fixed a major flaw in the original cash register design regarding recording transactions. The flaw was remedied during the manufacturing process by adding a paper roll to the cash register to record transactions, nowadays commonly known as a receipt.
While working at the National Cash Register Company in 1906, an inventor named Charles F. Kettering created an electric motor to operate a cash register. Rather than ringing up sales by hand, the electric motor made it easier for employees to process transactions quickly. While the United States was in full-swing with cash register innovation, it took Europe a little longer to get going. Thanks to brothers Sam and Henry Gross in the 1950’s however, the lack of innovation across seas began to change. In London, the brothers created a manufacturing company called Gross Cash Registers where they built, sold, and exported cash registers. In 1971, the Gross Brother’s business flourished due in large part to the fact that they created the only models of cash registers that could handle decimalisation, or the conversion of currencies.
Slight modifications were made to cash registers over the next couple of years or so, until cash registers became a thing of the past, and the first point of sale systems were introduced to the market in the mid1970s. IBM was one of the first suppliers of new POS systems when they revealed an electronic cash register (ECR) in the mid 70′s. Micro processing technology moved manufacturing companies to factories in Asia, creating a boom in available products. Although limited in capability and functionality, ECRs were the first computer based systems used in a commercial atmosphere. A basic inventory feature was able to pinpoint top selling items and print out a summary of the report. Functionality problems with electronic cash registers as a new technology kept business owners wary of making the switch; therefore, out-of-date cash registers remained the more popular choice among establishments, even up until the 1990′s.
The idea of computers running software that could automate transactions for an establishment created an advantageous market for the point of sale realm. The Silicon Valley boom, with players like Apple and Windows, allowed computers to become capable of running software that had higher functionality and a new user interface. Gene Moshel, a New York restauranteur, used this new technology to pioneer a system for his deli, which in turn would become the basis of point of sale systems for years to come. New technologies further boosted Moshel’s design with the inclusion of enhanced graphics and touch screens. POS system advancements began helping owners to track reports, keep inventory, and monitor employees as well.
In recent years, POS vendors have decided against the bulky look of older systems and back office servers for the slimmer design of tablet-based, mobile systems. The introduction of cloud computing has allowed point of sale systems to run as SaaS, software as a service, which is accessed from the Internet. Cloud computing allows data such as inventory and sales to be stored separately on a a remote server, and, so, long gone are the days where every piece of data is stored directly on the system itself. With the addition of cloud computing, mobile POS systems are on the rise.However, the main pitfall of most cloud-based systems comes from dependence on the Internet-when the Internet goes out, the point of sale system no longer functions.
Revel’s iPad point of sale is revolutionary to businesses because we offer a hybrid network architecture. Revel has the speed and reliability of a locally-based system and all the benefits and convenience of a web based system. It also has Always On Mode, meaning it can maintain full functionality even when your internet is slow or cut off all together. Revel’s iPad POS system has real-time reporting which allows business owners to track sales from any convenient location. Whether the business is a restaurant, retail location, or grocery store, Revel’s up to the minute reporting does all the work you need to run your business efficiently. Add inventory, manage employees, and track locations with the touch of a finger while seeing an increase in productivity, and without needing a back office server. Revel’s cloud computing secures data, stores inventory, and updates software. Revel has placed security as its highest priority, exceeding PCI compliance standards and with Mobile Device Management, or MDM, you can manage your iPad POS system remotely, preventing mobile fraud. Revel’s iPad POS system comes from a history of invention and innovation, and is leading the charge in 21st century POS systems. Revel Systems iPad POS is The New Standard in Point of Sale.