MOBILE DATA COLLECTION DEVICES AND ITS IMPACT TO BUSINESSES

2007-05-02 10:04:19

( Computers )



Mobile data collection started its wide usage in the 1990s. Its emergence made collection of data convenient, portable and faster. Laptop computers, personal digital assistant, portable data terminal, mobile data terminals and even cellular phones are mobile data collection devices that have become an integral part of regular operations of businesses and households.

Financial institutions tap the services of laptop computers, data terminals and personal digital assistants to facilitate processing of loans, collection of loan payments, verification of credit card transactions, storing and transferring financial data from one agency to another. These devices made transactions efficient, reliable and faster.

Retail establishments use the reliability of barcode system to efficiently monitor merchandise inventory and pricing with the assistance of portable data terminals. These mobile data collection devices allow retail establishments to efficiently monitor their stocks as well as their sales record using minimal resources.

Credit card purchases are also widely accepted with retail establishment with the use of credit card swiping machines that allows for immediate verification of credit card data. The use of credit cards introduces the onset of cashless transactions in retail establishments wherein non-receipt of cash happens the time of the sale. Instead, credit card vendors transfer proceeds of sales from their accounts to retailers’ account. Cashless transactions allows for easy sales bookkeeping evidenced by the signed invoices from credit card users.

Modern commercial transactions have benefited from mobile data collection devices. It made various transactions in financial institutions and retail establishments easier at the same time efficient to the overall business operations. However, there is a risk that some people use mobile data collection devices as accessories for fraud, thereby putting the efficient operations of these establishments in jeopardy. Establishments should mitigate these risks and implement security measures in their internal control system. You can consult experts in helping you administer these measures.
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