POS or Point of Sales is the channel used to process transactions from customers. Traditionally, the cash register has been the POS channel for retailers. However, with advance technologies, the cash register has largely been replaced with electronic POS terminals that could conveniently process credit cards and debit cards as well as cash transactions.
Software for POS devices are growing increasingly sophisticated, with features that allow retailers to monitor inventories and buying trends, track pricing accuracy, and collect marketing data.
