|
|
|
Online Transaction
E-Fund TransferE checks Online Payment Transfer Internet Payment Gateways Free Online Invoice In-house Internet Payment Internet Banking Transaction processing
Transaction Processing TypesTransaction Trends Wire Transfers Processing Software Transaction Business Transaction Processing Processing Monitors Electronic Check Conversion Business Loan Calculator Credit Card Issues & Solutions
Online Credit cardsCredit card Services Credit Card Payment Tips Merchant Credit Card Merchant Credit card Security Credit Card Fraud Useful Articles
Merchant AccountPaypal Paypal Alternative Automated Clearing House Turnkey Ecommerce Phishing Scams Types Of Phishing SSL Transaction Security Why Get a Payday Loan Free Newsletter
Stay updated, sign up for our free newsletter to receive useful tips Full NameEmail Id 
|
Point Of SalePoint of sale refers to a place in which credit card transactions are carried out in the presence of the card holder. The place can be anything ranging from a retail store to a checkout counter. After the purchase of the products, the credit card of the purchaser is read magnetically. Then the cardholder's signature is also obtained as an assurance against the transaction. This is often reckoned as the most secured form of credit card commerce.This term is also used at times, in connection with hardware and software for checkouts and variable locations with wireless systems. POS developed from the mechanical cash register of the first half of the 20th century. The most common examples for this kind of register are NCR registers and Burroughs registers. These registers were used to record data on journal tapes or paper tape and more efforts should be taken to transcribe the information into the merchant's accounting system. More Glossary Terms Explained here |
Recommended Sites
Suggest an Article
Haven´t found the article you are looking for, please suggest your article. We value all your suggestions and comments 
|
Home    Contact Us  Privacy Policy Disclaimer
Copyrights©Copyright 2010 transactmoney.com All Rights Reserved. Read legal policy and privacy policy. |