point of sale

(redirected from Checkstand)
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point of sale

Capturing data at the time and place of sale. Point of sale (POS) systems can use regular computers or specialized terminals that are combined with cash registers, barcode scanners, magnetic stripe readers and chip readers for accurately and instantly capturing the transaction.

POS systems may be online to a central computer for credit checking and inventory updating, or they may be stand-alone machines that store the daily transactions until they can be delivered or transmitted to the main computer for processing. See card reader, keyboard wedge and self checkout.


Point of Sale
Busy supermarkets would be hard pressed to keep up with the traffic if it were not for barcode readers and point of sale systems. Do we even remember the days without them? (Image courtesy of Sweda International AB.)
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References in periodicals archive ?
"We believe a dynamic, eye-catching checkstand display, filled with product that is relevant, entertaining and has high pickup appeal is going to work, and we are pleased to have strong retail partners help us drive the results of this program."
APG, Pan-Oston and other checkstand manufacturers are developing the concept to work with a range of POS peripherals from different vendors, provide quick release of the drawer, rapid access to the scanner for maintenance and ready access to speed installation.
Lip care items' small size and high profit make them perfectly suited for checkstand sales, GIA reports.
When shoppers are redirected from the main checkstand they are moving away from merchandise that is only sold there, thus reducing the likelihood of impulse sales.
In a recent Global Market Development Center infocast, GMDC director of industry insights and communication Mark Mechelse pointed out that the checkstand is important to retailers because it provides the last impression shoppers have of their store.
NEW YORK -- The checkstand is assuming increasing importance as the economy falters, according to chain drug retailers.
-- Products that shoppers can buy and consume right away, including single servings of candy and soft drinks, have traditionally done very well at the checkstand.
And though most supermarket operators avoid selling lighters as bulk items, packaged lighters, even pegged at the front end, can increase the product's footprint, making it harder to justify a wide assortment of lighter choices at the checkstand.
NEW YORK -- With gift cards becoming increasingly important to the checkstand mix, CVS Caremark Corp.