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.

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 Retailer’s own point of sale system, or a point of sale system supplied by a third party, through which Transactions are processed.