In the simplest terms, a point of sale (POS) is the place where a transaction is completed. Based on that definition, we can say that people started using POS systems as soon as some form of money was invented.
We’ve come a long way since then, and POS systems have become much more than the place where people pay for goods or services. Stores around the world are now using POS systems to track sales, monitor daily trends, manage inventory, keep customers information, manage staff, etc.
Modern POS systems can track their beginnings to 1879, when the first cash register was invented and patented by James Ritty in Dayton, Ohio. Ritty was the owner of a saloon where some of his employees would often steal money from the sales. During a trip on a steamboat, Ritty noticed a mechanism that counted how many times the ship’s propeller went around. He thought about making something similar to record the cash transactions made at his saloon. With the help of his brother John, who was a mechanic, he designed a machine that was operated by pressing keys that represented specific amounts of money. He named it “Ritty’s Incorruptible Cashier”.
A few years later, John H. Patterson became the owner of the company that Ritty started, renaming it the National Cash Register (NCR), which still exists today. He added some features to Ritty’s original design, such as drawers, bells and paper receipts. Over the next few decades, NCR made improvements and was able to sell and market their products successfully. By mid-1900s, the cash register had become a standard in retail stores.
Technology kept advancing, computers became more and more common, and in the the 1970s, cash registers evolved into computerized POS systems, with companies like IBM leading the industry. During the next decades, POS systems saw the emergence of credit card terminals, bar code scanners and touchscreen interfaces, among other features.
After the turn of the century, the POS industry has been revolutionized by the internet, smartphones, and other devices. POS systems can now be completely mobile, and track sales receipts, employee time cards, inventory and customer loyalty in the cloud. Online POS systems allow customers to make purchases from anywhere using their phones, tablets or computers.
Advancements in the POS systems have also made them more affordable for business owners, who currently require more complete systems for running their operations. POS systems that enable back office procedures such as employee scheduling, inventory management and deliveries reduce business owners’ need to manage multiple systems, giving them more time to focus on growing their business rather than managing it.
Dark POS has developed powerful and fully customizable POS systems for a variety of industries. More than just a POS software, Dark POS products streamline and facilitate the operation of your business to benefit customers and owners alike. If you would like to have a demo or learn more about how Dark POS can improve your business, contact us at [email protected] or calling +1 404-996-0336 (US) or +44 203-807-4601 (UK).