The first name of the mechanical cash register got in 1871 and it was the “Incorruptible Cashier”. In the next century, humans invented modern cash registers. The first ever made electricity-powered cash register was created by NCR company. The next generation of cash registers was powered by the Microsoft Windows POS software, which put the beginning of comprehensive POS systems.
POS system is a set of special equipment designed to speed up cashiers’ work by automating it. Such devices are designed to request product information and accept customer payments.
POS software is a hardware and software package designed to automate the cash workplace fully. It consists of a system unit with installed cash register software, as well as a fiscal registrar with a drive (FN) for transmitting information to tax authorities.
No Checkout POS. An innovative POS can create payments the minute you left the store automatically. These no-checkout POS systems were introduced initially by Amazon and use a combination of sensors and AI. It allows customers to pay for products without physically completing the transaction.
Mobile POS App. This innovative POS system in interactive mobile apps will enable clients to order your goods and pay for them on their go. It simplifies transactions and cuts your customer’s purchase time and provides business owners with an unloaded counter.
Virtual Shopping with Tablets. Your customer can find all the commodities in a giant tablet allows them to go through, for example, designs, colors, and a whole variety of clothes without wasting their time going through stacks and rows of goods. You can use the same tablet to place your order and pay for it.
A POS transaction is a customer’s payment at checkout or online store in exchange for the products or services provided to them. Transactions involve two user roles: buyer and seller.
Point of sale purchase is a procedure for exchanging customer money for the chosen service or product using a point of sale system
The average price of a POS system is around $3,000 – $10,000.
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