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Wireless POS

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ALSO CALLED: Wireless Point of Sale, WPOS
DEFINITION: Wireless point of sale (wireless POS or WPOS) is the use of wireless devices to facilitate payment for products or services. Typically, a WPOS system consists of a base station directly connected to a central network and one or more handheld devices that communicate wirelessly. WPOS can streamline many processes, from buying food at a grocery store or restaurant to returning rental cars or paying taxicab  … 
Definition continues below.
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WIRELESS POS DEFINITION (continued): …  fares. Systems may include the ability to consummate sales, record and track customer orders, process credit cards, connect to other systems in a network, and manage inventory. By enabling a vendor to make a transaction or adjust it anywhere within range of the wireless network, WPOS can confirm both a customer's ability to pay and ensure seamless delivery of the desired product or service. The technology can dramatically cut costs by:Eliminating wait times for sales or serviceIncreasing the productivity of individual workersReducing the cost requirements posed by wired installations. The most … 
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