POS : Full Form in Banking , its information and meaning is given below. So let us find out some details on full form of POS used in banking.
The full form of POS in banking is Point of Sale. The term POS is the place where the customer executes payments for the services as well as goods and where the taxes may become payable.
POS can be considered as a combination of devices as well as software that merchants uses often to record and complete sales transaction.