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VPOS-VIRTUAL POS
02/02
RSR
30
traditional check conversion; aver-
age check processing time is reduced
from 12 days to four days.
In general, hardware vendors are
responding to louder cries for elec-
tronic receipt capture and storage
capabilities. “Merchants want a
more efficient way than paper to
maintain and retrieve receipts,”
states George Devitt, senior vice pres-
ident and chief marketing officer of
Hypercom, which supplies credit
authorization terminals. Hypercom
has developed epicReceipts database
software for uploading receipt data
to a secure server. Information may
also be downloaded to receipt print-
ers for printing onto paper should
the need arise. Both Transact
Technologies, Ithaca and Citizen-
CBM America report work on adding
electronic journaling features to their
printer lines.
GRAPHICS CAPABILITIES
Demand for printers that can gener-
ate color receipts, either with or with-
out graphic embellishments, is also
heating up. Gregg Gallagher, execu-
tive vice president, Citizen-CBM
America, attributes this trend to
retailers’ growing recognition of the
key role better-looking receipts can
play in communicating with con-
sumers. At press time, Gallagher’s
company was preparing to introduce
the CBM1000 Type II printer, which
will feature two-color thermal print-
ing capability.
“Merchants see the use of color
printing and images on receipts and
combination receipt/coupons as an
effective way to not only build their
brand image, but to cultivate
repeat business,” concurs
Christophe Naasz, technical sales
manager, Star Micronics. Star
Micronics’ new TSP600 Series ther-
mal printers, promoted as low-
cost, high-speed units offering dual
color printing support, print 25 or
33 lines per second at a resolution
of 203 dpi they company says.
LogoStore software allows for inter-
nal graphics and coupon storage.
TWO-COLOR PRINTING
Two other recent introductions to the
vendor’s line—the TSP700 Series and
the TSP800 Series—permit two-color
printing at a rate of 60 and 50 lines
per second, respectively. The
TSP700s can store multiple logos or
0
5
10
15
8.3
15
19
Type of Transaction
Debit
Card
Credit
Card
Checks
Debit
Card
Credit
Card
Checks
Volume of
Transactions
Volume of
Transactions
Note: Despite the rapid growth in both debit and credit card transactions, checks
are still the largest non-cash form of payment used at POS.
Source: Federal Reserve, 2001, U.S. Snapshot and Extrapolation Study
Number of transactions at POS (billions)
2001
2001
Star Micronics’
TSP600 thermal
printer
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