EPOS

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EPOS (electronic point of sale)

a system for recording sales using sophisticated cash tills which record the total amount to be paid by a customer, provide them with itemized bills and simultaneously adjust the firm's STOCK records to assist the firm to plan its reordering of goods. EPOS is increasingly being used in supermarket checkouts, often linked to BAR-CODE scanners and providing for the direct debiting of customers' bank accounts for the total amount owing.

EPOS (electronic point of sale)

a system for recording sales using sophisticated cash tills that record the total amount to be paid by a customer, provide him or her with itemized bills, and simultaneously adjust the firm's STOCK records to assist the firm to plan its reordering of goods. EPOS is increasingly being used in retail outlets such as supermarkets. See EFTPOS.
References in periodicals archive ?
With e-top-up services, Vodafone will experience efficiencies already present in other countries using electronic point of sale top-ups including lower fraud, reduced theft and lower merchandising costs.
The rollout is part of the group's UK front of store replacement program known as repos (Re-platforming Electronic Point of Sale.
NASDAQ Symbol: GPTX) ("GPT"), a leading manufacturer and innovator of currency acceptance systems used in the worldwide gaming, beverage, and vending industries and 25% owner of Abacus Financial Management Systems Limited ("AFM"), a leading cash processing technology specialist, announced today that its strategic partner, Wincor Nixdorf, officially launched a new marketing initiative for its Electronic Point of Sale Solutions (EPoS) containing Abacus Prime Count Units.
Under the agreement, Wincor Nixdorf will sell, service, support and integrate AFM Systems' revolutionary automated, secure in-store cash processing systems into its own leading range of Electronic Point of Sale (EPoS) solutions.

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