Definitions for "POS Terminal"
Keywords:  swipe, moto, pos, merchant, terminal
A terminal at the point of sale, connected via telecommunication lines to a central computer. Authorization, recording and transmission of electronic transactions are performed through the terminal.
An electronic device used to verify and process credit card transactions. In card-present credit card transactions, the merchant generally swipes the card through the POS terminal.
An electronic device used to accept and process card payments at point-of-sale.