point of sale

actual location where the client makes the purchase; computer application which facilitates sales transactions and often helps track inventory

This article describes checkout technology. For merchandising at the point of sale, see point of sale display. For the managed care plan, see point of service plan. Checkout redirects here; for the game featured on The Price Is Right, see Check-Out.Point of sale or point of service (POS or PoS) can mean a retail shop, a checkout counter in a shop, or the location where a transaction occurs. More specifically, point of sale often refers to the hardware and software used for checkouts -- the equivalent of an electronic cash register. Point of sale systems are used in restaurants, hotels, stadiums, and casinos, as well as almost any type of retail establishment.
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The BancNet (BN) Point-Of-Sale System is a local PIN-based electronic funds transfer (EFTPOS) payments solution operated by BancNet on behalf of the member banks and China UnionPay (CUP). The BN POS System allows merchants to accept the ATM cards of any active BancNet member bank as payment for goods or services and obliges BN to settle the transaction as early as the following banking day through a direct deposit to a settlement account with any member bank. Acceptance of CUP cards is presently limited to SM Prime Holdings, Inc.'s Department Store, Supermarket, Hypermarket, Super Sale, Watson's, Sports Central, SM Appliance, Toy Kingdom, and select Surplus Stores.
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Adjective
1. of or relating to or being the location where something is purchased
(pertainym) point

This term refers to the use of payment cards at a retail location (point of sale). The payment information is captured either on paper vouchers or by electronic terminals, which, in some cases, are designed to also transmit the information (in which case the arrangement may be referred to as "electronic funds transfer at point of sale" (EFTPOS)).

POS