Home > Term: POS terminal
POS terminal
End-device that can be used when making cashless payments for goods and services in shops. The funds can be debited directly from the customer's account (e.g. when using a Maestro card with PIN). POS stands for point of sale.
- Part of Speech: noun
- Industry/Domain: Banking
- Category: Investment banking
- Company: UBS
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Creator
- Stefan K
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