Trend Report

How In-Store Payments Work

The Definitions And Processes Behind Point-Of-Service Hardware And Software

Lauren Cevallos
 and  four contributors
Feb 06, 2025

Summary

Point-of-service (or -sale) (POS) hardware and the software that powers it are transforming customer experiences, sales associate experiences, store operations, and in-person sales. This report lays out key principles for POS and outlines how in-store payments work. It also gives payment executives at retailers and other consumer-facing businesses with physical locations the information they need to understand POS payments technologies, including fixed POS, mobile POS, and deviceless POS.

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