the point where ownership of the product transfers to the customer.
POS is a way that you can use your Check Card to make purchases at retail locations that have a POS terminal. You will need to swipe your card and put in your PIN to complete your transaction. If necessary, you can request money above and beyond the amount of your purchase, which is automatically taken out of your checking account at WPCCU . POS works through regional ATM networks.
Can mean the physical location of a transaction, but usually refers to any device or system that is used to record the transaction for the retailer. Also, sometimes used to classify all of these together - i.e. the POS industry.
The location in a merchant establishment at which a sale is made.
Printed or electronic materials displayed in the store to capture customer attention and stimulate purchases. Refer also to "Point of Purchase"
The simultaneous recording of a customer sale and its effect on inventory levels, typically done in a retail environment using automatic data collection systems. Real-time point of sales data is sometimes used to automatically trigger replenishment orders as required, and can be used in sales analysis to review end-customer rather than distributor sales patterns.
An electronic payment system in a merchant location where consumers pay for retail goods and services, through the use of credit cards or debit cards that directly access and deduct funds from the customer’s checking account.
Refers to anything that is used at the merchant's point of sale.
The store or other location where a transaction takes place.
The physical location at which a sale is made.
is any checkout counter in a retail or wholesale outlet. Much more complex than the cash registers of even just a few years ago, the POS system can include the ability to scan barcodes, record and track customer orders, process credit and debit cards, connect to other systems in a network, and manage inventory. Generally, a POS terminal has as its core a personal computer, which is provided with application-specific programs and I/O devices for the particular environment in which it will serve.
a computer replacement for a cash register and is far more sophisticated and up to date than traditional cash registers
an end-to-end wireless compact cordless credit card machine, software, and
The terminal at which a customer uses his/her debit card to make a direct payment transaction. See also Interac Direct Payment.
A term referring to the physical location where a payment transaction takes place. Point of Sale also describes credit card payment acceptance systems designed for the place of sale, such as card swipe terminals.
The place where credit card transactions are performed with the cardholder present, such as in a retail store. The credit card is read magnetically, with the cardholder signing a receipt for the transaction.
A software, which enables the seller of a product to gather product information at the time of the sale, usually including the price. Bar codes are often used in this process.
The environment in or the location at which a payment transaction occurs.
A debit card purchase made at a retail store
An electronic system merchants use to allow customers to pay by swiping an ATM or debit card, such as a Visa check card. Funds are withdrawn directly from your checking account. Many merchants, such as grocery stores, offer a "cash back" option for PIN based transactions, which allows you to withdraw additional funds from your account.
The location within a retail outlet where the customer decides whether or not to make a purchase. Also the promotional materials such as shelf wobblers, posters or stickers produced to induce the customer to make the purchase.
The place where a sale of goods takes place such as a store or showroom.
The merchant location where the customer makes a purchase.
An electronic payment system used for purchasing retail goods and services where the funds are immediately debited from the customer's bank account when a credit or debit card is swiped, a PIN is entered, and the customer gives approval. Also known as POS.
Usually associated with retail points-of-sale, but also applies to any initial point where the customer presents payment to the merchant, such as by telephone or Internet.
In the brick-and-mortar business, this is the point at which a product is paid for. Merchant Sales are conducted by credit card-swipe terminal. On the Internet, this is the software that enables the merchant to accept transactions on their online store (see 'ePOS' above).
An increasingly popular way for consumers to avoid ATM surcharges is to get cash returned from their online debit card via a cash return at a store.
The place and time at which a transaction occurs. Point of Sale (POS) also refers to the devices or software used to capture transactions.
The point of sale is the location where the transaction takes place.
Point of sale is the physical location where the sale is completed, normally referring to the POS terminal which is the credit card terminal equipment.
The place where a sale of goods takes place, eg. a shop counter.
The place in a retail store where products are scanned through the register system, data is collected, and sales are tendered. POS also describes sales data generated by checkout scanners.
graphic products which are used to advertise a product in a shop, often mounted on a counter or on a shelf
In the physical world, this is the point at which a product is paid for and delivered. On the Internet, this is the software that enables the merchant to accept transactions on their online storefronts, and conduct follow-on transactions with their financial institution. An example would be PayWare Merchant from verifone.
Location in a merchant establishment at which the sale is consummated by payment for goods or services received.
The time and place at which a sale occurs, such as a cash register in retail operation, or the order confirmation screen in an on-line session. Supply chain partners are interested in capturing data at the POS, because it is a true record of the sale rather then being derived from information such as inventory movement.
A location where credit card transactions are performed with the cardholder present, such as a retail store. The card is read magnetically, and the cardholder's signature is obtained as insurance against the transaction. This is the most secure form of credit card commerce.
The location where the transaction takes place is the point of sale.
Also POS. A computer application that enables the seller to collect product identification information at the time of sale.
The point at which the food and beverage is transferred to the customer and where the determination can accurately be made that a reimbursable breakfast or lunch has been served to an eligible student.
The physical location where a sale is completed. Usually used as "POS terminal" to refer to the credit card terminal (equipment).
A term used in the payments industry that refers to the physical location where a payment transaction takes place. POS is also used to describe credit card payment acceptance systems that are designed for the place of sale, such as card swipe terminals.
The location at a merchant's facility where customer make purchases.
Refers to where the transaction takes place and the customer pays for the product/service ie the cash register.
The place or time of the exchange of goods for payment.
The location at which a sale or other transaction takes place.
Term for several types of financial services that facilitate retail payment at a merchant location, i.e., check guarantees or transactions that withdraw funds directly from customer's accounts to pay for the goods or services being purchased.
The location of a merchant where the customer makes a purchase.
POS or PoS is an abbreviation for point of sale (or point-of-sale, or point of service). This can mean a retail shop, a checkout counter in a shop, or a variable location where a transaction occurs in this type of environment. Additionally, point of sale sometimes refers to the electronic cash register system being used in an establishment.