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point-of-sale terminal

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point-of-sale terminal [′pȯint əv ¦sāl ′term·ən·əl]
(computer science)
A computer-connected terminal used in place of a cash register in a store, for customer checkout and such added functions as recording inventory data, transferring funds from the customer's bank account to the merchant's bank account, and checking credit on charged or charge-card purchases; the terminals can be modified for many nonmerchandising applications, such as checkout of books in libraries. Abbreviated POS terminal.


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They can be used for a point-of-sale terminal or electronic cash registers.
Four appendices discuss issues with providing real- time account information at point-of-sale terminals, analyses of select bank fees data, and discussion of complaint resolution related to fees and disclosures.
Though the PCI Standards Council did not mention last year's hack on international retail giant TJX, which possibly started through a store kiosk, such incidents have raised concerns over the security of point-of-sale terminals.
 
 
 
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