POS Terminal definition

POS Terminal or ‘Point-of-Sale Terminal’ means an electronic device used by a Retailer to authorise and accept a Card Transaction.

POS Terminal means the point of sale (POS) electronic terminals at Merchant Establishments whether in India or overseas, capable of processing card transactions and at which, amongst other things, the Cardholder can use his Card to access the funds from the Account linked with the Card to make purchases.

POS Terminal means an electronic device which can accept Debit Card transactions.

Examples of POS Terminal in a sentence

• Alternative Payment Transaction means a transaction where an Alternative Payment is used to pay for goods and services via a POS Terminal, the internet, mobile application system or any other acceptance delivery channel.

• You must manually enter the Card details into the POS Terminal (or a “virtual terminal” if we provide one) if the POS Terminal and System is operating.

• Your Floor Limit for EFTPOS Debit Card Transactions and Alternative Payment Transactions is always zero; that is, you may only ever perform EFTPOS Debit Card Transactions and Alternative Payment Transactions online when the POS Terminal and System are operating.

• If the POS Terminal fails to operate or the System is down, you must comply with the procedure outlined in clause 3.2 of the Merchant Operating Guide when processing a Credit Card Transaction and/or Alternative Payment Transaction.

More Definitions of POS Terminal

POS Terminal means point of sale electronic terminals at merchant establishments whether in Mauritius or overseas, capable of processing transactions and at which, amongst other things, the cardholder can use his card to access his funds to make purchases.

POS Terminal means a terminal which is capable of accepting, storing and transmitting Cardholder Transactions.

POS Terminal means an electronic Point-Of-Sale terminal that is part of a network that accepts the Card to pay for purchases from your checking account. System means the components that permit you to make Transactions through the EFT Services, such as ATMs, POS Terminals, telephone lines and equipment, and the ACH system. Visa® Purchase(s) ) means the use of a Visa® Debit Card to purchase goods or services from a merchant, or to obtain cash from a Visa® member bank branch, and the Transaction is processed through the Visa® Network.

POS Terminal means an electronic terminal available at Merchants whetherlocal or international, capable of processing Transactions. “Program Manager” means the party appointed by us to provide Card Services,support to Al Ansari Exchange branch and such other services asdetermined by us.

POS Terminal. POS System," or "POS Equipment" shall mean the point-of-sale devices) or system used by Franchisee, which must meet the communications protocol and criteria of the PayPoint Network.

POS Terminal has the meaning set forth in Section 3.4(e) of the Agreement.

POS Terminal means an electronic hardware device used at the point of sale which is connected to the computer system of a third party processor or the EBT vendor and is designed to record, forward and obtain approval for electronic transactions.