Point of Sale Terminal

A point of sale terminal, which is commonly referred to as a POS terminal or a PoS terminal, is an electronic device that is primarily used to process credit card payments by reading credit card information. Some point of sale terminal models can also be used to manage inventory, track customer orders, and more.

Point of Sale Terminal

Point of Sale Terminals Help Businesses in Many Ways

Point of sale service has been practiced since the birth of the marketplace centuries ago. Point of sale is simply the location where a transaction is made. A point of sale terminal is a computerized device that processes electronic payments. The early point of sale terminal was solely used to process credit cards. The modern point of sale terminal is internet-enabled, may be connected to the Cloud and can be used for dozens of business management functions, depending on the business.

Stand-Alone Point of Sale Terminals

Due to their versatility and robust, reliable, and secure nature, stand-alone credit card machines remain the most common point of sale terminals. These computerized devices are primarily used as the only main POS device or as a backup solution in brick and mortar establishments, such as restaurants, retail stores, convenience stores or gas stations.

Point of Sale Terminal Security

In order to assure the highest level of data security and successfully protect businesses from potential fraud, point of sale terminals must be PCI-compliant and EMV-enabled (or ready to accept Chip cards). There are many PCI-compliant terminal brands available on the market, including:

  • VeriFone
  • First Data
  • Ingenico
  • Telecheck
  • And many more

The make and model that will best serve business needs should be recommended by a trusted electronic transaction company. This recommendation should be based on an ROI evaluation that includes cost, efficiency, and technological performance considerations. Integration with existing terminals or point of sale devices may also be possible on a case-by-case basis.

Point of Sale Terminal Solutions with TransNet

TransNet offers a variety of point of sale terminal solutions to fit your business needs, no matter what your field of expertise may be. Contact us today for more information on setting up a point of sale terminal.