Point of sale system and method for contactless payment

A point of sale [POS] system for contactless payment of products, comprising:

• a plurality of antennas, wherein at least one antenna of the plurality of antennas is associated with a product and is configured to read payment-facilitating information from a portable payment device when the portable payment device is brought in the vicinity of the at least one antenna;
• and
• a payment processing unit for facilitating electronic payment of products based on payment-facilitating information received from a portable payment device, wherein the payment processing unit is coupled to the plurality of antennas, wherein the payment processing unit is configured to:
• upon reading of payment-facilitating information by the at least one antenna of the plurality of antennas, receive the payment-facilitating information,
• register a plurality of products selected for purchase by a customer based on the at least one antenna of the plurality of antennas reading the payment-facilitating information, and characteristics or content of respective signals carrying the payment-facilitating information from respective antennas to the payment processing unit;
• and
• initiate a single financial transaction comprising electronic payment for all the registered products, in response to:
• a) reception of payment-facilitating information by the at least one antenna of the plurality of antennas;
• b) expiry of a timer that is started upon reception of payment-facilitating information by the at least one antenna of the plurality of antennas;
• or
• c) reception of payment-facilitating information from an antenna of the plurality of antennas constituting a checkout antenna of the POS system.