POS system is a multifunctional payment terminal. It can be applied to the special merchants for accepting credit card payment and connected with the issued bank of credit cards via computer network to realize automatic transfer of electronic funds. It has such as support for consumption, pre-authorization, balance inquiry and transfer functions.
Since it’s hard to obtain basic business information in large transactions, the application of POS system is mainly to solve the blind spot of information management in the retail industry. It’s an important part of information system management in the chain stores.
The POS system terminal reads the cardholder’s credit card or debit card data through a card reader. The POS operator enters the transaction amount, and the cardholder enters personal identification information (that is, the password). The POS sends this information through the management organization of cards to the card issued bank. The banking system completes the online transaction, gives success or failure notification. The POS terminal prints the payment bill.
The application of POS realizes online consumption of bank cards such as credit cards and debit cards, guarantees the security, fast and accuracy of transactions, avoids the complicated labor and improves work efficiency.
POS machine is used in the supermarkets, chain stores, hypermarkets, restaurants, hotels and all retail enterprises.
It can be connected with scanning terminal, printer and other peripherals.
It’s also used in food & beverage sale service industry, which can be connected with multiple kitchen printers, hand-held ordering machine and other peripherals.
It has the management system of large chain supermarkets such as front, back, sales, storage and distribution.
It can realize the remote communication between unattended and PC, and download data.
It has the Ethernet communication function, and constitutes the total and branch network instant management system through ADSL broadband.