Introduction

With great visibility and profitability comes greater risk, and enterprises need a POS system that will help them to process payments faster and keep track of sales and purchases. With modern POS system security, enterprises can become more cost-focused, save time and improve relationships with customers. Innoviti Technologies is the only SaaS payment solution company in India with the SOC3 compliance stamp.

What is a POS?

A POS system or point-of-sale device is used to process transactions by retail customers. A cash register that accepts card payments, cash payments, or any kind of card information to process payments is a kind of POS. Offline systems store data in the server of the store. In an online POS, data is centrally stored, and data from stores can be read in the head office, depending on access rights. This makes it a little vulnerable to data breaches.

Enterprise POS System

A POS system lets a business accept payments from customers and keep track of sales. Most enterprise POS systems have to comply with general regulatory and security patents that must be adhered to regulations. 

Is a POS system safe?

Research has shown that POS vulnerabilities include cyber-attacks and data thefts. There are multiple attacks on POS systems in several places, and technology has been designed to develop POS malware for heightened POS security and to counter threats wherever it is used. 

What are POS attacks, and how is it a threat? 

When a customer swipes a card, the information is transferred to a POS, which then goes to a server. In the server, the information is exposed briefly, and that is when it makes it vulnerable to cyber crimes and hacking. P2PE is an ideal payment security solution that converts data into indecipherable code.

FAQ

What are POS Attacks?

Cybercriminals frequently utilize point-of-sale malware to attack payment terminals with the goal of stealing credit and debit card details or the CVV code.

Conclusion 

Innoviti Technologies is the preferred choice of enterprises seeking to integrate POS in their stores. Big stores in the consumer goods sector like Croma, Inox, and Pizza Hut, and even the hospitality giants like Fortis and Manipal Hospitals have chosen Innoviti as not only their technology partner but also a growth partner.