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Point of sale (POS) can be referred to as a check-out or cash wrap and is usually the location in a store or restaurant where transactions for the exchange goods and services occur. A point of sale system typically refers to the physical electronic hardware and peripherals that are used to conduct a transaction. This hardware can include a cash register, a dedicated computer or even a mobile smart device such as a tablet computer.
Point of sale (POS) can be referred to as a check-out or cash wrap and is usually the location in a store or restaurant where transactions for the exchange goods and services occur. A point of sale system typically refers to the physical electronic hardware and peripherals that are used to conduct a transaction. This hardware can include a cash register, a dedicated computer or even a mobile smart device such as a tablet computer. Value Added Resellers (VAR) interchangeably use the term POS when they discuss the hardware and the checkout location. The credit card industry adds to the confusion. Merchant services providers who process credit card transaction and their Independent Sales Organizations (ISO’s) will refer to standalone credit card terminal as a POS as well. A POS in this sense is only the peripheral that reads the credit card, sends the transaction data between the store and credit card processor and may issue a receipt once approved.
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