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.)
References in periodicals archive ?
According to a recent survey by EHI, the scientific institute for the German retail industry, 47 percent of retailers in the DACH region (Germany, Austria and Switzerland) are planning POS software decisions in the next two years.
POS software is considered to be a replacement for electronic cash registers that are installed at retail stores or hotels.
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.
The Aldelo[R] For Restaurants and XERA POS software suites offer a complete set of solutions to effectively manage restaurants of any size, earning a reputation for innovation and excellence by meeting and exceeding the needs of its customers.
By using ACS, Unified's customers will benefit from a POS software solution that helps drive maximum operational efficiencies and enhances consumers' shopping experiences.
the right point-of-sale software to achieve all of this, you must decouple the decision on POS software from your choice of loan tracking, servicing and secondary systems, as well as from the choice of POS network that you will use.
TechNavio's analysts forecast the Global POS Software market to grow at a CAGR of 6.
With the FaceCash API, POS software vendors can create a new tender type button for FaceCash mobile payments.
com/research/d1077d/global_pos_softwar) has announced the addition of the "Global POS Software Market 2010-2014 " report to their offering.
InfoTouch POS software, Store Keeper POS, and Store Manager POS now provide, as a standard feature, an easy POS interface for calculating any items sold by weight directly to the POS system.
Further, the ability of POS software to help companies make more informed business decisions, increase inventory shrinkage, and decrease theft, wastage and employee misuse are the advantages because of which companies and organizations are adopting POS.
Also, these organizations are increasingly adopting POS software for loss prevention, global data synchronization, and customer loyalty management.