point-of-sale network

point-of-sale network definition - finance
A computer system that uses an electronic card reader at the cash register that records purchases. Point-of-sale systems give businesses up-to-the-
minute information about sales, inventory, and customer purchases. They also are used to accept credit card payments.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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