Point of Sale System definition

Point of Sale System means any combination of a cash register or other devices, or system, such as a scanner, capable of recovering stored information related to the price or computing the price of any individual item which is sold or offered for sale at retail.

Point of Sale System means the computer systems which are in place at the checkout lanes to process customer purchases and includes the scanning equipment, scales and the cash registers.

Point of Sale System or “POS”- means a computer system where, among other operations, a payment is accepted and facilitates the transfer of goods or services between a merchant and cardholder. This system normally calculates the amount owed by the cardholder and provides options for payment. This system will also normally issue a receipt for the transaction. This also includes the Payment Processing portion of Enterprise Resource Planning (“ERP”) solutions.

Examples of Point of Sale System in a sentence

• Will be fully conversant with the Point of Sale System and any updates as they are implemented, including the performing of the daily close-off procedures, when required.

• The Point of Sale System enables students to purchase meals with cash or to utilize a prepaid account for lunch and/or breakfast.

• Merchant is desirous of using GATEWAY to utilize Gateway services and Third-Party Processor services through an interface Integration with Merchant’s Point of Sale System or Merchant’s Property Management System.

• Merchant is desirous of using DOTN to utilize Gateway services and Third-Party Processor services through an interface Integration with Merchant’s Point of Sale System or Merchant’s Property Management System.

• To fulfill validation obligations under this policy, the AEA form must certify that you have 50,000 American Express Card Transactions or more per year, of which total Transactions at least 75% are made by the Cardmember with the physical Card present at a Point of Sale System compliant with EMV Specifications and capable of processing contact and contactless American Express Chip Cards.

More Definitions of Point of Sale System

Point of Sale System means a financial interface software system used to track transactions involving card-minding devices and customer accounts.

Point of Sale System means any computer or electronic system used by a retail establishment such as, but not limited to, Universal Product Code scanners, price lookup codes, or an electronic price lookup system as a means for determining the price of the item being purchased by a consumer.

Point of Sale System means any computer or electronic

Point of Sale System means a financial interface software system used to track

Point of Sale System means the Service Provider’s ITC&S hardware and software which electronically links to the OVS/Bill payment system and which enables their Collectors to sell, dispense electricity-prepaid tokens and processing of bill payment.

Point of Sale System means an assembly of elements, including, without limitation, a weighing or measuring element, an indicating element and a recording element, used to complete a retail sale.

Point of Sale System means a computer software system used by an MMTC to accept payments from customers and track sales of marijuana delivery devices and usable product. An MMTC’s Internal STS Tracking System may also serve as the MMTC’s point-of-sale system.