A Point of Sale Terminal (often abbreviated as POS terminal) is a device used by businesses to process sales transactions. It typically includes hardware like a touchscreen, card reader, and receipt printer, allowing customers to pay for goods and services easily. The terminal connects to a payment processing system, enabling secure credit and debit card transactions. In addition to processing payments, a POS terminal can also manage inventory, track sales data, and generate reports. This functionality helps businesses streamline operations and improve customer service. Many modern POS systems are integrated with software applications that enhance their capabilities, making them essential tools for retailers and restaurants.