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
You will receive a receipt at the time you make any transaction to or from your Account using an ATM or POS Terminal.
You can buy goods and services with your Card and PIN at any POS Terminal that is part of a network that accepts the Card.
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 an electronic terminal available at Merchants whether
POS Terminal an electronic device that transmits the transaction amount and card data to the processing center for authorization;
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 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.
POS Terminal means an electronic, electronic-mechanical device by means of which payment for goods or services in TCP and cash disbursement in CPs is made with the use of a payment card and connection with the information system of the Bank;