||Point of sale (POS) or checkout is the location where a transaction occurs in exchange for goods or services. The point of sale often refers to the physical electronic cash register or dedicated http://www.saitec-solutions.com POS hardware used for checkout, but the POS is simply the location where the sale is conducted, money changes hands and a receipt is given, which can also occur on a smartphone, tablet, laptop, or mobile POS device when the right hardware and POS software is combined with the mobile device.
The combined software, hardware, and peripheral devices at a POS station manage the selling process, typically driven by a sales associate or cashier. Modern POS systems now have stations created for the customer to check themselves out by scanning and bagging their own items, then paying with a debit or credit card.
Point of Sale, it is more likely truncated, maintains to the collecting of data and patron payment detail at a corporeal location where material or services are purchased and sold. The POS transaction is captured using a variety of devices like computers, cash registers, optical and bar code scanners, magnetic and readers or any combination of these devices.
The Point of Sale is often more specific than the general building or store where something is sold, typically indicating the piece of technology which is used to finalize the transaction. This is a standard cash register at the front the store. In some cases, at a restaurants, hotels, the point of sale system can be an electronic system which can be used by the staff members for the multiple process.