POS

POS, which stands for Point of Sale, refers to the system a business uses to complete customer transactions. For example, when a customer swipes their card or taps their phone to complete a purchase - the entire system that processes that payment, from scanning your items to printing the receipt, is part of a POS system. Today's POS systems can do a lot more like keeping track of how much inventory is left in stock, managing customer information for loyalty programs, and even generating reports to help business owners understand their sales and make better decisions.