POS or PoS is an acronym for point of sale (or point of service). This can mean a retail shop, a checkout counter in a shop, or a variable location where a transaction occurs. In Europe, the acronym EPOS for Electronics at the Point Of Sale is used in preference.
A credit card software system is a type of retail transaction settlement and credit system, named after the small plastic card issued to users of the system. A credit card is different from a debit card in that the credit card issuer lends the consumer money rather than having the money removed from an account. […]