point of sale

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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 ?
Summary: A new market study, titled "Discover Global Dispensary POS Software Market Upcoming Trends, Growth Drivers and Challenges" has been featured on WiseGuyReports.
Aileen Punzalan, BIR-111 assistant revenue district officer, said the POS software 'automatically' generated receipts that only declared 20 percent of the department store's income.
'Mobiry is eager to bring its proven AI data analysis and recommendation solution to QSR and fast casual providers as a partner with Brink POS software, an established and trusted leader in the POS industry,' said Cameron Morris, CEO, Mobiry.
SpotOn is the first company to partner with Poynt to integrate loyalty, marketing and POS software directly into the terminal hardware to help business owners engage more easily with their customers.
ShopKeep's iPad POS software is cloud based, making it virtually impenetrable when compared to traditional PC-based computers.
POS software is considered to be a replacement for electronic cash registers that are installed at retail stores or hotels.
Their popular Vigore POS software for the restaurant, hospitality and retail industries is available in both Cloud and on-premise versions.
Together, they sought to discover an industry leader with quality POS hardware, cloud-based POS software and a reputation for first-class services to support their business.
"Chains that can tie POS software directly to the back office and inventory management can replenish store shelves in real-time vs.
GuestLogix said that its Mobile Virtual Store platform includes advanced secure mobile payment devices, POS software and on-demand back office applications that allow operators to plan, sell, promote, track and analyse sales.
Jeff Goldstein, Synchronics' founder, owner and president, will remain president of Synchronics, which develops POS software such as the CounterPoint line.