Glossary

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Term	Definition
Point of Sale (POS) Solutions Provider	A point of sale (POS) system is a combination of software and hardware that allows a merchant to accept payments. For card-present merchants, this typically includes an EMV reader, a checkout system, and a receipt printer. In e-commerce, however, a merchant's POS system may be entirely software-based. POS systems are often provided by a merchant's processor, but may also be obtained separately.

Term

Definition

Point of Sale (POS) Solutions Provider

A point of sale (POS) system is a combination of software and hardware that allows a merchant to accept payments. For card-present merchants, this typically includes an EMV reader, a checkout system, and a receipt printer. In e-commerce, however, a merchant's POS system may be entirely software-based. POS systems are often provided by a merchant's processor, but may also be obtained separately.