The phrases "point of sale" and "transaction processing system" represent two different, yet closely related concepts having to do with the sales function. Each term represents a distinct and vital ...

Transaction process is a term that refers to the adding, changing, deleting, or looking up of a record in a data file or database by entering the data at a terminal or workstation. Most transaction ...

Most businesses sell a product or service to a customer to make money. However, it can be much more complicated than that simple model; some businesses serve as the middle man from manufacturer to ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Toby Walters is a financial writer, investor, and lifelong learner. He has a passion for ...

Retail payments have changed significantly over the past few years. What was once a simple swipe-and-sign process has evolved ...