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Point of Sale. POS
       
 
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Point of Sale. POS

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Point of Sale. POS
An electronic payment system for retail goods and services, through the use of credit cards or debit cards that directly access and deduct funds from a customer's checking account.
    
The point of sale often refers to the hardware and software used for checkouts -- the equivalent of an electronic Cash register. Point of sale systems are used in supermarkets, restaurants, hotels, stadiums, and casinos, as well as almost any type of retail establishment.
    
Most retail POS systems do much more than just "point of sale" tasks. Even for smaller tier 4 & 5 retailers, many POS systems can include fully integrated accounting, inventory management, Open to buy Forecasting, customer relation management (CRM), service management, rental, and payroll modules. Due to this wide Range of functionality, vendors sometimes refer to POS solutions as retail management software or business management software.
Posted by  Privatebanking.com
 
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