POS

The point of sale or point of purchase is the time and place where a retail transaction is completed. At the point of sale, the merchant calculates the amount owed by the customer, indicates that amount, may prepare an invoice for the customer, and indicates the options for the customer to make payment.

Source: en.wikipedia.org

58.3 Percent Of Soup, Salad And Bowls QSRs Innovate With Kiosks
58.3 Percent Of Soup, Salad And Bowls QSRs Innovate With Kiosks
January 18, 2018  |  Retail

While quick service restaurants can be slow to innovate, soup, salad and bowls eateries may be among the more forward-thinking of the bunch. When popular...

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Verifone Introduces Remote Payments
Verifone Introduces Remote Payments
January 15, 2018  |  Point of Sale

In an effort to enable merchants to accept payments from nearly anywhere in their stores, Verifone launched its e280 mobile point-of-sale (mPOS) solution, the company...

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ICBA Bancard To Offer Banks Access To NYCE Debit Network
ICBA Bancard To Offer Banks Access To NYCE Debit Network
January 11, 2018  |  Banking

ICBA Bancard, the payments services unit of the Independent Community Bankers of America, announced news on Wednesday (Jan. 10) that ICBA Bancard client banks can...

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Top 5 Retail Stories Of 2017
Top 5 Retail Stories Of 2017
January 03, 2018  |  Retail

It’s 2018! That means that now, whenever people perceive something as backwards, unfashionable or antiquated, they’ll be quick to say it’s “so 2017.” But let’s...

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Forever 21’s POS Hack Went Unnoticed For 8 Months
Forever 21’s POS Hack Went Unnoticed For 8 Months
January 02, 2018  |  Security & Fraud

Forever 21 has provided an update on a payment card data breach that it first reported in mid-November. According to the national clothing retailer, encryption...

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Mobile Payments 2.0: Building Better Retail Experiences
Mobile Payments 2.0: Building Better Retail Experiences
December 28, 2017  |  Mobile Commerce

Payments has by and large been a growth business for the last half decade or so, and that fact has been mappable in scores of...

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Amex Latest To Ditch The Signature
Amex Latest To Ditch The Signature
December 12, 2017  |  Payment Methods

Payments processor American Express announced Monday (Dec. 11) that it will stop requiring merchants to collect signatures for purchases at the point of sale (POS)....

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Discover Latest To Ditch Signatures At POS
Discover Latest To Ditch Signatures At POS
December 07, 2017  |  Merchant Innovation

Discover, the payments company, announced news on Wednesday (Dec. 6) that as of April 2018, customers will no longer be required to provide a payment...

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Payments Testing One, Two, Three
Payments Testing One, Two, Three
December 06, 2017  |  Payment Methods

Modern consumers have high expectations for technology. If something doesn’t work perfectly, they’re quick to grow frustrated and abandon it as junk. “Our generation is...

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