POS systems (opens in new tab) have been around for quite a while. The first one was invented in 1879 by an American shopkeeper James Ritty, when he noticed that his employees were pocketing money his business was making. He called the system “Ritty’s Incorruptible Cashier”, which is perhaps a more catchy name unlike today’s IT tool, which would commonly become known as a “cash register”.The first computer-driven cash register, which resembles what we have today, was developed by IBM in
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