A point of sale (POS) terminal is a computerized alternative for a conventional cash register. Modern POS terminals mostly have a computer peripheral with software running to trade goods or services. The peripheral devices such as receipt printer, barcode scanner and card reader are integrated through tailor-made software to make POS terminal a complete all-in-one POS device.
They can also store sales data, manage staff in multi-store environment, plan sales strategy, manage customer loyalty and sales promotion programmes. A POS system can track and record orders, process credit and debit card payments, network with other systems, and also manage inventory. All these applications are driven by specific software developed to meet the needs of a particular business.
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