What is POS terminal?

Definition

POS stands for point of sale and can refer to either an electronic cash register (ECR) or the software that runs the system. The POS software is the brains of the operation and is used to process transactions, calculate taxes, and create reports about the operation. POS terminals are the hardware devices that make it possible for your POS software to interact with the outside world. POS systems are a combination of hardware and software systems for processing card payments at retail locations.