A point of sale system typically refers to the physical electronic hardware and peripherals that are used to conduct a transaction. This hardware can include a cash register, a dedicated computer or even a mobile smart device such as a tablet computer.
A POS is only the peripheral that reads the credit card, sends the transaction data between the store and credit card processor and may issue a receipt once approved. You can check the link https://www.acidpos.com/point-of-banking/ to get the best quality POS peripherals.
POS Peripherals Are Devices Like:
Receipt printers-It provides a physical record of the transaction
Magnetic stripe reader (MSR)– Automate the entry of credit card, driver's license or loyalty card information
Bar code scanners– Automate the entry of information found on products, loyalty cards, and coupons. This information is referenced in Universal Product Codes (UPC) and Quick Response (QR codes).
Cash Drawer– A drawer connected to the POS used to safely store cash and coins.
Signature Capture– It is used to save an electronic record of a customer's signature.
Electronic Scales– It Automates the data entry of weight information
Computer Display– Used as a computer display to show information. May have touch screen technology.
Typically large companies have built or customized the hardware, software, and peripherals to fit their specific needs. The goal is to process transactions in the quickest and most accurate framework in order to keep their customers happy, associates trainable and accounting accurate.