Over the last few years, the cash register system has seen more competition than ever before because of the advancements in mobile technology. Many businesses that had been cash only - like food trucks or small mom and pop shops - can now embrace a new POS system that centers on smartphones and tablets.
A recent article from TabTimes, features a profile of the start-up tablet POS terminal company Leaf. In the piece, Leaf CEO Aron Schwarzkopf was interviewed and admitted that designing a point-of-sale system based entirely around a tablet was not met with much enthusiasm.
"When we, as a small company, told our investors we saw an opportunity in building a commercial tablet, everybody wanted to kill me,” said Schwarzkopf. “No-one in the founding team had any experience in building hardware but we started to understand what components we needed, and it became less of a manufacturing job and more of a managing job with the stuff already out there."
The company, which was formed in 2011, raised $4 million in venture funding and now has 100 merchants using its tablet platform. Schwarzkopf does not consider Leaf a tablet POS platform but instead a platform for business.
He went on to say that the legacy POS has run its course and mobile technology is the next step. In 2013, Leaf will branch outside of its local area of Boston and Schwarzkopf hopes to see more adoption in the U.S. and international market.
Mobile technology in the business world is becoming a revolution that every company will need to make a decision on before too long.