What Is a Point-of-Sale System?
A POS or Point of Sale system is a system that mixes and eases up a retail store’s payment processes. It is made up of software that is usually used for recording all of the details of each sale as it occurs, updating the inventory records while providing customer management features that enable easy store operation.
It further generates reports for you so that easy sales data analysis is possible. POS hardware may also consist of a bar code scanner, cash drawer, receipt printer, order puncher, and other peripheral equipment based on your needs.
Innovations in the POS System
Point of Sale in retail has seen many innovations over the years, but we have witnessed some very innovative POS systems with rapidly changing technology. The innovation has brought more ease and comfort for customers and retail shop owners, paying just by your face via PayPal or generating e-receipts. Retail business owners are demanding more unique innovations to stand out from the rest.
Some of the innovations we might see in the POS systems 2018 are discussed below.
No Checkout POS
Point-of-sale systems have revolutionized retail businesses. Imagine a store where you arrive, walk around in the aisles, look for your required item, pick it up, and walk out of the store with it. It is possible as an innovative POS automatically generates payments the minute you walk out the door. There would be no physical POS system and no requirements to scan codes. 
Originally brought forward by Amazon, this innovative POS system is now making its way into mainstream retail businesses. The new POS system uses sensors and artificial intelligence to make payments through a customer’s virtual cart, where the customer is charged for the products.
Mobile POS App
Order and pay on the move the next time you eat or grab a coffee. Please use the interactive apps on your phone that also act as an innovative POS system, allowing you to order your food and pay for it as you go. You can enjoy your meal and leave quickly during your busy lunch hours. A UK-based coffee shop introduced this innovation.
It quickens your procedure and cuts your mealtime, allowing you ease and comfort while providing business owners with a hassle-free counter. A shoe shop follows the same Point of Sale system in the UK and will enable you to buy a selected product by scanning the code on your product while making your payment automatically.
Virtual Shopping with Tablets
Innovative POS Systems also help enhance the customer experience by not having to go to every retail store. The products are displayed, and a giant tablet is also provided in the window, allowing customers to go through their favorite brand’s latest collection of clothing. 
The customer would have access to designs, colors, and various choices at their fingertips without wasting their time going through stacks and rows of clothing. The same tablet could then be used to place your order and pay for it. This POS is gaining quick popularity in the US.
Make your Face your Money
A hotel in Birmingham has come forward with a unique innovation in Point of Sales where all customers have to smile as they check out. It triggers a picture matched to your profile picture on PayPal, allowing you to make payments on the go without the hassle of waiting in line. Once the payment is made, an e-receipt is generated.
Conclusion
POS Systems are revolutionizing the way customers experience shopping. As newer POS systems are created, the customer experience is enhanced, providing numerous benefits to the business and customers.
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