What are POS systems?
For many businesses, a POS (point-of-sale) system is an essential part of the operation. While POS systems can serve multiple purposes, their primary purpose is for managing payment transactions. The system is a mix of hardware as well as software: the hardware being in the form of a cash register or credit card scanner, while the software is in the form of an interface that can track sales data, manage customer information, and more. These systems have been around for years, but they have seen a tremendous amount of change as technology continues to advance. One of the trends in technology that made a massive impact on the POS industry is the shift towards cloud storage. Because of cloud-based technology, POS systems can run on a wide range of devices, even including an app on a user’s phone.