Latest news with #POS
Arab News
7 days ago
- Business
- Arab News
Hotel spending drives Saudi POS transactions to $3.5bn
RIYADH: Hotel spending in Saudi Arabia increased by 8 percent in the week ending July 12, helping total point-of-sale transaction values reach SR13.12 billion ($3.5 billion). The latest data from the Kingdom's central bank, SAMA, revealed that the sector recorded SR281.56 million in transaction value, while the number of payments rose 4.6 percent to 839 million. The overall POS value for the week dipped by 8.2 percent, with the number of transactions dropping by 3 percent to 223.57 million. According to SAMA's bulletin, the education sector saw the largest decrease, dropping by 27.6 percent to SR102.21 million. Spending on miscellaneous goods and services ranked next, decreasing 15.6 percent to SR1.51 billion, but still accounting for the third-largest share of the POS value. Restaurants and cafes, the division with the most significant share of total POS value, recorded a 1.7 percent decrease to SR1.92 billion, while the food and beverages sector saw a 13 percent decrease, totaling SR1.84 billion and claiming the second-largest share of this week's POS. The top three categories accounted for approximately 40.2 percent of the week's total spending, amounting to SR5.28 billion. Other smallest spending drops were in gas stations, slipping by 2.6 percent to SR948.99 million, and spending on building materials, which decreased by 3.7 percent to SR330.83 million. The health and furniture sectors also saw downward changes, decreasing by 7.6 percent and 4.9 percent to reach SR805.09 million and SR275.70 million, respectively. Spending on clothing and footwear dipped by 7.3 percent to SR827.14 million, followed by a 6.9 percent decrease in spending on transportation. Expenditure on jewelry followed the trend, declining 7.9 percent to SR305.49 million. Geographically, Riyadh dominated POS transactions, with expenses in the capital reaching SR4.47 billion, an 8.1 percent decrease from the previous week. Jeddah followed closely with a 7.9 percent dip to SR1.89 billion, while Dammam ranked third, down 7.9 percent to SR626.13 million. Makkah saw the smallest decrease, inching down 1.1 percent to SR530.71 million, followed by Abha with a 3.6 percent decrease to SR209.73 million. Hail recorded 3.99 million deals in activity volume, down 5.3 percent from the previous week, while Tabuk reached 4.57 million transactions, dropping 15.5 percent.
Finextra
14-07-2025
- Business
- Finextra
Clover adds integrated workforce management capabilities from Homebase
Clover, the world's smartest point-of-sale system, under parent company Fiserv, today announced system enhancements with integrated workforce management capabilities from Homebase, the all-in-one platform for small business team management. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. This collaboration reinforces Clover's commitment to empowering small and medium-sized businesses (SMBs) with a comprehensive platform designed to seamlessly run their operations, including employee management, to drive better efficiency and growth. The enhancements will embed Homebase's scheduling, time tracking, and employee management capabilities into the Clover Web Dashboard, providing merchants with a single platform to manage their daily operations. "Small business owners know that every hour counts, and the burden of manual data entry alone can consume many hours each week," said Will Karczewski, Head of Clover. "By embedding Homebase's powerful employee management tools directly into the Clover Web Dashboard, we're delivering a seamless, all-in-one solution. This empowers owners to significantly reduce administrative tasks, giving them back valuable time to focus on their customers and growing their passion.' Key advantages of Clover's workforce management solution include: Unified Workforce Management: Clover seamlessly embeds Homebase's leading time clock, scheduling, and timesheet solution into the Clover Web Dashboard, providing SMBs with a powerful, all-in-one platform to manage hourly teams effortlessly. Optimize Labor & Boost Profitability: By leveraging tools that prevent early clock-ins and proactively manage overtime expenses, small businesses can benefit from more efficient operations that directly impact their bottom line. Empower Your Team & Enhance Communication: Create a more connected and productive workforce with built-in team messaging that's easily accessible on Clover devices, in addition to employee self-service features for schedules and timesheets. This helps ensure frictionless communication and allows teams to take control of changing or covering shifts. Simplify Payroll & Focus on Growth: Businesses can benefit from automated timesheet generation and easy export. These features eliminate manual data entry and errors, freeing up valuable time for owners and operators. 'Small businesses need technology that saves them time and makes their lives easier," said John Waldmann, CEO of Homebase. "By bringing Homebase's award-winning team management tools directly into the Clover Web Dashboard, small businesses can manage team schedules, track employee hours, and see sales data all in one place, streamlining day-to-day operations and eliminating the need to switch between multiple systems.' Hundreds of thousands of small businesses will benefit from the embedded solution, as it will be seamlessly deployed via the Clover Web Dashboard in a phased rollout beginning in August 2025.
CBC
12-07-2025
- Business
- CBC
Small businesses falling victim to new form of theft through point of sale systems
Business owners are warning of a form of theft that's on the rise through their point of sale systems. Naama Weingarten explains how it works, and what can be done to help prevent it from happening.
Zawya
09-07-2025
- Business
- Zawya
Mawarid Finance and AFS launch Smart POS Terminals to power seamless digital payments in the UAE
Manama, Kingdom of Bahrain: Mawarid Finance has announced today the launch of smart Point-of-Sale (POS) terminals for digital payments, in collaboration with Arab Financial Services (AFS), the leading digital payments solutions provider and fintech enabler in the Middle East and Africa. These cutting-edge POS terminals will now be available across retail outlets, stores, malls, and service providers, enabling merchants to accept seamless digital payments using all major credit and debit cards, as well as various digital wallets—delivering a faster, safer, and more convenient checkout experience for customers. Mr. Rashid AlQubaisi, Chief Executive Officer of Mawarid Finance, stated: 'As the financial landscape continues to evolve, Mawarid Finance remains committed to staying ahead of market trends and customer expectations. Our strategic partnership with AFS reflects this commitment and enables us to introduce exclusive, innovative solutions to the market. The launch of smart POS devices is a key milestone, empowering merchants with smarter sales tools and giving customers a seamless, secure, and flexible payment experience locally.' Mr. Samer Soliman, Chief Executive Officer of AFS, added: 'We're proud to partner with Mawarid Finance to introduce co-branded POS devices to the UAE market—a move that reinforces our shared focus on innovation and merchant and customer-centric solutions. These smart POS terminals are designed to enhance merchant sales while offering a smooth and efficient checkout experience through broad acceptance of digital wallets and credit and debit cards.' This collaboration marks a significant step forward in advancing digital payment innovation in the UAE, reinforcing the shared vision of both AFS and Mawarid to deliver faster, smarter, and more inclusive payment solutions for the market. About AFS: Arab Financial Services (AFS) was formed in 1984 to provide payment products, services and expertise to banks and merchant groups and deliver customized payment solutions in an increasingly divergent, disruptive, and dynamic payment ecosystem. AFS is owned by 37 banks and financial institutions and serves over 60 clients in more than 20 countries across the Middle East and Africa. Today, AFS is the region's leading digital payment solutions provider and fintech enabler. Regulated by the Central Bank of Bahrain and the Central Bank of Egypt and licensed by the Central Bank of UAE, its dedication to innovation has made AFS a driving force in the market offering a rich portfolio of payment solutions including Open Banking Hub, popular digital wallets, market-leading merchant acquisition services, digital payroll solutions and more. Providing the highest quality payments solutions that are trusted by businesses, AFS has offices and data centers in the Kingdom of Bahrain, Arab Republic of Egypt, Sultanate of Oman, and the United Arab Emirates. About Mawarid: Mawarid Finance PJSC is an Islamic finance and investments group licensed by the UAE Central Bank. Mawarid Finance was formed in 2006 in Dubai, United Arab Emirates, with a paid-up capital of AED 1 billion to launch a new vision in Islamic Finance by adding more value to the industry through developing innovative Shariah compliant products for both individual and corporate customers Mawarid was founded upon and continues to believe in Innovation. We aim to be different, unique and 'special' in everything we do. Mawarid's focus has also been on supporting and developing the national economy through the provision of Islamic financial products and services for small & medium enterprises, enabling them to grow and in turn fostering the growth of the economy. Over the years, Mawarid's strategic approach has been on emerging from an Islamic financial services company to a Conglomerate building synergy through the acquisition of complimentary and supplementary shariah compliant businesses. Today, Mawarid maintains a healthy and well diversified portfolio of investments across a wide spectrum of industry sectors and asset classes across the MENA region Mawarid Finance in its young history has collected several awards, locally and internationally, in business, gained ISO 9001:2008 certification, and is considered as a very successful brand in the UAE.
CTV News
04-07-2025
- Business
- CTV News
Toronto business owner says customer used point of sale terminal to issue himself $2,000 refund
Toronto business owner says customer used point of sale terminal to issue himself $2,000 refund Thousands of dollars have been taken from businesses on Queen Street East in Toronto over the past few weeks as thieves use the very machine the businesses use to accept money from customers to rob them. CTV's Jon Woodward reports.
