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.
References in periodicals archive ?
The Tap and Go service is a new method of payment where our customers will be able to make purchases and payments by tapping their new contactless debit cards near an enabled point-of-sale terminal without the need to insert the card or enter a PIN.
Bad Wi-Fi connections and even imported point-of-sale terminals that come with malware already on them are risks, too, he said.
The MTT is unique in that it has transformed mobile phones into secure point-of-sale terminals, which enables independent sales organizations to quickly provide merchants with a preactivated wireless data service that is ready for transaction processing upon delivery.
Big D has recently rolled out a watch-phone that runs on the PHS network, a GPS-enabled handset (its first consumer mass-market device so enabled) and an e-commerce payment system that uses the infrared port for point-of-sale terminal communications.
To use the service, you simply swipe a credit card or key in a code through a small point-of-sale terminal to request an authorization.
Tenders are invited for hiring of the banking service for the installation of point-of-sale terminals in municipal offices and of a virtual point-of-sale terminal, which allows the payment through telematic means for the town hall of motril,
Premier customers can pay by tapping their card on the secure point-of-sale terminal and the payment is processed instantly and automatically.
Tenders are invited for point-of-sale terminal management services (tpv) and payment gateways of the city council
The firms are to link to the purchases customers make using their bank cards at the retailer's point-of-sale terminal. The service is also being trialled by UK challenger bank, Monzo.
The company specializes in products and services for the development of smart card applications, as well as software for the management of automatic teller machine and point-of-sale terminal networks, online ticket systems, private label cards and loyalty programs.
The bank said that the card would provide customers with a fast, convenient and secure way to pay for goods and services at any Point-Of-Sale terminal.
Contract notice: provision of the income payment service in favor of the junta de extremadura through debit or credit cards through a point-of-sale terminal system