Kwami Ahiabenu,II Knowledge Chief

  By Kwami Ahiabenu (PhD) Point of Sale (POS) is a backbone of modern payment systems.  Every day, around the world, billions of transactions run through POS as consumers pay for goods and services. However, millions of micro, small and medium-sized businesses globally cannot accept electronic payments. SoftPOS is opening doors for these businesses to receive payments, promoting payment processing democratization. The history of POS dates back to 1879, when the first POS system was invented in Ohio, USA, by a saloon owner called James Ritty; he designed this cash register to ensure error-free recording of transactions, leading to better bookkeeping and cash management. In 1884, the National Cash Register Corporation (NCR) bought this invention from Ritty. Over the years, POS has grown into a sophisticated system which oils the wheels of commerce by ensuring consumers can pay merchants seamlessly and integrate with other business systems such as customer relationship management...