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

• Information regarding a sales or credit Transaction transmitted with a POS Terminal will be transmitted by Merchant to Bank or applicable Processing Host in the format Bank from time to time specifies or is required under the Rules.

• 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.

• Point of Sales (POS) Terminal - A hardware device (including, but not limited to, Ingenico 220, VeriFone Vx520, Ingenico ICT250, VeriFone VX570IP, Ingenico iWL250an), payment device, or data capture device that can be used for processing card payments at Authorized User locations.

• The cost for these services shall be presumed to be included in the Payment Processing Service and/or Point of Sales (POS) Terminal fees.

• Information regarding a sales or credit Transaction transmitted with a POS Terminal will be transmitted by Merchant to Service Provider or applicable Processing Host in the format Service Provider from time to time specifies or is required under the Rules.

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 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 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. 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 means point of sale electronic terminals at Merchant Establishments

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.