A place of business, branch, store. – The place where a transfer of means of payment in the form of cash or by means of a card) takes place (the location of a store where customers can pay for their purchases; the term is normally used to describe systems that record financial transactions such as electric cash registers or an integrated computer system that records the data that comprises a business). In the retail trade (CH: retail trade), the POS is usually connected to the checkout counter; at service stations, it is the cash register. – Cf. Monthly Report of the Deutsche Bundesbank of December 2013, p. 47 (Card payments with smartphones: mobile point of sale), Monthly Report of the Deutsche Bundesbank of June 2014, pp. 71 ff. (Cash withdrawals at the point of sale; detailed presentation; numerous overviews).
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
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