Point of Sale (POS) systems are critical in various environments, from vending machines and EV charging stations to bustling pop-up events. Each location presents unique challenges, such as remote areas with poor coverage or high-traffic zones with network congestion. While Wi-Fi is a popular connectivity solution, it poses security issues and other limitations. Relying on a single network provider can also be problematic due to coverage gaps and reliability concerns. This is where Multi-IMSI connectivity solutions shine, offering several benefits for POS systems.
The growing reliance on cellular connectivity for POS systems is evident, with the installed base of cellular POS terminals projected to reach 189 million by 2027, according to Berg Insight. This trend underscores the increasing importance of robust, reliable, and secure connectivity solutions to meet the diverse needs of modern POS environments.
1. Network Redundancy
Network redundancy can’t be overstated. What would 1 hour of downtime cost your business? For large retailers, an hour of downtime can reach an estimated $5 million in costs. Multi-IMSI solutions help ensure continuous operations by allowing POS systems to automatically switch to the best available network, minimizing downtime even in areas with poor coverage. For example, a mobile ATM at a crowded event can seamlessly transition from one network to another, maintaining connectivity and service without interruption.
2. Simplified Operations
Managing multiple network providers can be complex and time-consuming. With a Multi-IMSI solution, you benefit from a single vendor relationship, a unified platform, and one contract. This simplifies operations, reduces administrative overhead, and streamlines your connectivity management, allowing you to focus on your core business activities.
3. Enhanced Security
POS terminals handle sensitive data, making it crucial to have a compliant data processing system while considering potential network vulnerabilities. Wi-Fi networks, especially public ones, are vulnerable to security breaches. Even secure Wi-Fi networks are less secure than cellular networks and are easy to interfere with, with passwords that can be changed, creating additional security risks and operational disruptions. Multi-IMSI connectivity offers a more secure alternative by utilizing cellular networks, which have built-in security features. This ensures that sensitive transaction data processed by POS systems remains protected, reducing the risk of data breaches and fraud.
4. Future Proof
As technology evolves, so do connectivity needs. Multi-IMSI solutions support remote SIM provisioning and OTA updates, allowing changes to be made without replacing the SIM card. This ensures that your POS systems remain compatible with future network standards, protecting your investment and providing long-term reliability.
Why Velocity IoT
Not all Multi-IMSI providers are created equal. Selecting the right partner is crucial for maximizing the benefits of your POS systems’ connectivity. Velocity IoT stands out with:
- Real-time Network Insights: Gain access to real-time signaling events and network performance metrics, ensuring optimal operation and quick issue resolution.
- Cost Efficiency: Only pay for active SIMs, reducing unnecessary costs for devices that are not actually in use. Our flexible plans range from standard rates to dynamic pay-as-you-go options, each carefully tailored to your unique usage and network requirements. This approach ensures you get the most value from our comprehensive connectivity solutions, allowing you to manage expenses effectively and efficiently.
- Scalable solutions for all business sizes: Scalable connectivity solutions for businesses of all sizes, from startups to large enterprises. Our SIM cards are easily accessible on Digi-Key, and our self-onboarding platform requires no contracts, making it ideal for startups. For larger enterprises, we provide a robust platform with volume pricing to meet their extensive needs. This inclusive approach ensures every business can benefit from our comprehensive connectivity solutions.
- Hyperlocal Connectivity: Our solution offers an extensive IMSI library with globally-distributed core networks, providing localized coverage that eliminates coverage gaps and roaming restrictions. This approach ensures compliance with data and privacy regulations, such as GDPR, by allowing data to stay within regional boundaries.
- White Glove Approach: We are dedicated to ensuring the success of your IoT project from inception to completion, providing comprehensive support with our bespoke, white-glove service. Velocity IoT prioritizes a growth-focused partnership, working closely with clients to achieve their IoT objectives together.
Interested in trying out our Multi-IMSI connectivity solution for your POS systems? Contact us today.
