The point of sale (POS)💸🤑🌍💰the time and place at which a retail transaction is completed.💸🤑🌍💰

Описание: A POS, or point of sale, enables merchants to process payments and log transactions. 💸🤑🌍💰It is a computer-based cash register with software capable of tallying up orders, taking payments, monitoring inventory and buying trends, creating invoices, and collecting marketing data.💸🤑🌍💰

POS technology includes countertop terminals and apps that let people or businesses take payments with connected devices such as smartphones. 💸🤑🌍💰A POS may be a physical device in a brick-and-mortar store or a checkout point in a web-based store.💸🤑🌍💰
A point of sale (POS) is the hardware and software merchants use to process payments and complete customer purchases.💸🤑🌍💰
A POS transaction may occur in person or online, with receipts generated in print or electronically.💸🤑🌍💰
The software for POS devices allows retailers to monitor inventory, track pricing, and collect marketing data.💸🤑🌍💰
Point-of-sale technology commonly uses barcode scanning to calculate the total cost of an order, take payment, and log the transaction. The software records the data, including the name and quantity of the items.💸🤑🌍💰

Cash payments involve inserting notes or coins into a machine. Card payments require swiping, inserting, or tapping the card onto the reader. 💸🤑🌍💰The POS system connects to the cardholder’s bank, potentially asks for a PIN code, checks funds to clear the transaction, and confirms whether the payment has been completed or rejected. 💸🤑🌍💰E-commerce businesses also use POS platforms to facilitate and track online sales. Consumers click the checkout option and input payment details.💸🤑🌍💰

Two innovations: EMV chip and Near Field Communication (NFC) technology, help prevent fraudulent transactions for POS terminals. 💸🤑🌍💰Systems read encrypted data in the card and detect and decline counterfeit cards. 💸🤑🌍💰These systems wirelessly accept and authorize payment from a contactless card or payment data stored on a smartphone, and this technology ensures the card data isn’t stored in the merchant’s system.💸🤑🌍💰


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