Home About Fibre Business Cases F.A.Q. Contact
© Trail Broadband Committee 2015

Changing Business Technology

Why Change? Urban retailers, restaurants and service providers use broadband and technology to keep ahead of the competition and lower their operating costs. When Point of Sale (POS) systems became software based the initial purchase costs were reduced, upgrade paths were simplified, and the POS could run on nearly any computer.  Modern devices have become smaller, cheaper and more powerful POS platforms.  Portable Point of Sale Systems Many retailers, service based industries and restaurants use portable devices such as tablets and smartphones as their POS of choice.  From a portable POS they can take orders, conduct financial transactions, manage inventory, track employee time, advertise through social media, and even conduct customer loyalty programs.  A 2012 report shows why mobile shoppers want retailers to ditch cash registers for tablets. Cloud Computing Not only is the hardware inexpensive for start- ups, the POS software itself can live in the cloud and be modularized so you only pay for what you need. Cloud service providers manage, maintain, troubleshoot and update the POS on their end, so it is always up to date.  New Payment Methods As the use of digital currency grows new transaction methods can be accepted.  Vancouver businesses have begun to embrace Bitcoin for small transactions.  Bitcoin only charges 1% transaction fee and payments are made through a customer’s cell phone.  As the entire transaction is digital, payments are fast for customers and shopkeepers.  The world’s first  Bitcoin ATM was installed in a Vancouver coffee shop in October 2013.  In the first week of operations the ATM exchanged $100,000 for Bitcoin currency.      
Fibre Ownership TrailBroadband Business Grade Fibre Optics
It’s YOUR Network
NEXT: Business Case: Community Futures