electronic point-of-sale

Definitions

Accounting

  • noun
    (written as electronic point of sale)
    a system where sales are charged automatically to a customer’s credit card and stock is controlled by the shop’s computer.

Electronics

  • A point of sale with electronic equipment, such as bar code, RFID, and/or magnetic stripe readers, and a terminal, utilized for pricing and recording transactions, for obtaining purchase authorizations, and the like. Its abbreviation is EPOS. Also called point of sale (3).
http://www.dictionarycentral.com/definition/electronic-point-of-sale.html