The Business Guide to POS Systems

The Business Guide to POS Systems Table of Contents 1. Introduction 2. Choosing the Right POS System 3. POS System Basics 4. POS System Costs 5. Employing a POS System for your Business 6. Tips for Purchasing a POS System

What is a POS System?

POS stands for point-of-sale, which is a payment system used in a variety of businesses including everything from restaurants to theme parks. These machines can scan items for purchase, place orders and calculate bills.

Origin

Retail POS systems date back to the 1870’s when the original cash register was invented. The 1970’s offered the first computer-based cash register which ushered in client-server communications allowing peer-to-peer communications, backups and remote access. The POS standard today is more secure, faster and reliable than ever before. The systems process transactions immediately and allow for increased accuracy in bookkeeping as well as better customer services due to faster check-out times.