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.
An electronic device used at the point of sale (POS) to process transactions and communicate transaction information to a remote computer either directly or through a network.
A POS Terminal is a bankcard-processing device that communicates and transfers data via telecommunication lines. Authorizations and transaction transmittals are examples of transactions performed through the POS terminal.
an information-processing device-including a terminal, PC, or electronic cash register-that utilizes electronic or mechanical signals or impulses to obtain authorizations and/or collect transaction data
Electronic equipment used to collect, transmit and/or store credit card transaction information at at the point of sale. Usually used in retail store environments.
POS terminals (in comparison to central terminal) are handheld or desktop devices that can conduct transactions with smart or mag-stripe cards.
A piece of equipment used at a merchant location that is connected to the bank and or their authorization service provider via phone lines to authorize, record and forward information electronically. If the credit card is available, the merchant can swipe the card through the terminal. See also swipe discount rate and MOTO discount rate.
An electronic device used for verifying and processing credit card transactions. If the credit card is available, the merchant can swipe the card through the terminal, or the card numbers can be manually keyed in.
an electronic device used for verifying and processing credit card transactions. If the credit card is available, the merchant can swipe the card through the terminal. See also swipe discount rate and MOTO discount rate.
Equipment used to capture, transmit and store credit card transactions at the point of sale. Examples are Verifone terminals.
An electronic device at a retail location that allows merchants to accept a debit card. The same device may also be use to accept credit cards. These terminals can be online or offline.
A device placed in a merchant location that is connected to the bank's system or authorization service provider via telephone lines and is designed to authorize, record, and forward data by electronic means for each sale.
A payment terminal installed at a point of sale.
See: Poin of Sale Terminal
An electronic hardware device used at the Point of Sale and designated by an Acquirer to accept Cards, including a Scrip Terminal or Stand-Alone Balance Inquiry Terminal, that when activated by a Cardholder through use of a Magnetic Stripe on a Card, is capable of initiating a request for Authorization of a purchase from an Account or initiating a Balance Inquiry.