What's A Point Of Sale (POS) Terminal?

A Point Of Sale (POS) Terminal is a device placed in a Merchant location, which is connected to the Processor’s system via telephone lines and is designed to authorize, record, and settle data by electronic means for all sales transactions with the Processor.

Electronic Merchant Systems Payment Processing Glossary :

Defining key payment processing and merchant services industry terms to help business owners make better decisions.




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