Glossary

Electronic Point-of-Sale (EPOS) System

Electronic payment system is an integrated system consisting of a cash register and software. It allows you to count all transactions, issue checks, control the availability of goods (with notification if the goods are running out). In addition, the system analyzes purchases and generates reports on the basis of which further business development is formed. These systems are widely used not only by large retailers but also by small businesses.

The advantage of an electronic payment system

Flexibility is one of the main advantages. The system can be easily adapted to the needs of a specific business. The electronic payment system also improves conversions due to the high speed of payment processing. In addition, these systems can be used to monitor the quality of personnel performance.

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