bar code

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Bar Code

A code placed on a product that a machine can read. Groceries and other products commonly have bar codes on them so a machine can display how much they cost. This ensures accurate prices are paid on retail goods. Bar codes were invented by a graduate student in Philadelphia, Pennsylvania, in 1948.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

bar code

an alpha or alpha-numeric code, converted into a series of lines and spaces which are marked on products. Bar coding and the use of bar code scanners enables a firm to obtain accurate data quickly on its STOCK position to help with planning its reordering of goods; and can be used to adjust the prices of goods more easily than by replacing price tags. See EPOS.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
References in periodicals archive ?
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The partnership with AUB is seen to further strengthen the UnionPay QR code acceptance network globally, bringing the total number of UnionPay QR code merchants to over 10 million in over 25 countries and regions.
Retail banks, financing companies and ancillary service providers that use merchant presented QR codes in their payment systems are required to use standard QR Codes in accordance with the EMV QR Code Specifications for Payment Systems (EMV QRCPS).
13 (BNA): As part of its ongoing efforts towards developing the payment systems in the Kingdom of Bahrain and adopting the latest technologies into retail payment systems, the Central Bank of Bahrain (CBB) has decided to standardise merchant-presented quick response code ("QR Code") specifications used by retail payment systems in the Kingdom of Bahrain.
The collaboration marks the launch of the UAE's first QR code payment solution compliant with EMVCo QR standards that will make the solution interoperable with other Masterpass QR users globally.