Evolution of POS System
Businesses are increasingly adopting POS systems, and one of the most obvious and compelling reasons is that a POS system does away with the need for price tags. Selling prices are linked to the product code of an item when adding stock, so the cashier merely needs to scan this code to process a sale. If there is a price change, this can also be easily done through the inventory window. Other advantages include the ability to implement various types of discounts, a loyalty scheme for customers, and more efficient stock control.
1879 – First cash register was invented by James Ritty called “Incorruptible Cashier” which registers transactions and rings a loud bell when a sale transaction was made. Incorruptible Cashier was patented and later sold to NMC which later acquired by National Cash Register (NCR). NCR added new features, such as custom employee drawers and bells, as well as the all-important paper receipts.
1906 – Mechanical cash registers powered by electric motor, invented by Charles F. Kettering who worked for NCR, had features like individual sale tracking printed receipts, multiple drawers for each clerk, and automatic changing machine. More improvements were made to the cash register. By the mid-1900s, the cash register had become a staple in retail stores.
1970s – Traditional cash registers evolve into a computerized point of sale systems.
1973 – Mainframe computers could integrate with its IBM point of sale cash registers according to Wikipedia.
1974 – The first microprocessor-controlled cash register system powered by the Intel came online
1980s – Visa introduced the first electronic data capturing payment terminal, magnetic stripes were added to credit cards, This allowed card information to be captured electronically and led to the development of payment terminals.
1990s – The emergence of electronic registers, barcode scanners, PC-based point of sale systems, touchscreen displays were introduced and development of credit card devices.
2000 – The development of Mobile POS
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