In business, time is money. Thankfully, businesses can use technological advances to make payment processes faster and more efficient—keeping customers happy while saving time and money. Here are four ways businesses can speed up the payment process with technology. Use A POS system Point-of-sale (POS) systems are the backbone of retail businesses, making it easy to ring up sales and track inventory. Especially for small businesses, small business POS systems provide a convenient and efficient way to handle payments. Many POS systems now include features like digital receipts and mobile payment options. Three payment options are available in POS systems: mobile, EMV chip cards, and NFC/contactless payments. Mobile wallets accept credit card payments through customers’ smartphones via apps like Apple Pay or Google Wallet. EMV chip card readers require customers to insert their cards into the machine—or swipe the magnetic stripe if no chip is present...