The full meaning of POS is "point of sale," or, in other words, it's where your transaction is finalized. The term itself can have a couple of different interpretations.

The first point of sale (POS) system was the cash register invented in 1879 by James Ritty, a saloon owner in Ohio. Users recorded transactions on the register, allowing for better bookkeeping and ...

Point of Sale (POS) Definition The point of sale, is where a customer completes a transaction with a store or business. Unlike POP, POS is defined from a business’s point of view.

You can even control inventory right at the cash register with point-of-sale (POS) software systems. POS software records each sale when it happens, so your inventory records are always up-to-date.

Definition of 'Electronic Funds Transfer at a Point of Sale' A computerised system allowing the automatic transfer of money from a buyer to a seller of goods or services at the time of sale ...

If you see point-of-sale (POS) as the code, ... The best way to check for the codes is to google the meaning of the transaction codes for each bank." CROSS-CHECK YOUR BANK STATEMENT.

This migration to Amazon-Go-like stores would mean that most point-of-sale purchases in retail would migrate to e-commerce. You'd be buying with your phone instead of swiping or inserting a card.