POS Flashcards

1
Q

EPOS

A
  • Electronic Point of Sale
  • Modern till system consisting of hardware and software that help merchants run their business

-Their functionality may include features such as sales management, accounting, data collection, product, management, and stock management, as well as the capability to accept payments

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2
Q

SoftPOS

A

Allows mer- chants to accept card payments directly on a standard consumer smart phone or tablet

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3
Q

Dard payment terminals can be classified into two categories:

A

Proprietary devices & Enabled consumer devices

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4
Q

Proprietary devices

A
  • These are specific to a manufacturer (e.g. Ingenico, Verifone, Zettle)
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5
Q

Enabled consumer devices

A
  • SoftPOS
  • Essentially, a SoftPOS payment facility converts a consumer device into a secure payment terminal and enables acceptance of EMV contactless cards
  • The software facil- ity supplied to the merchant, generally referred to as a Software Development Kit (SDK), is API-based and complies with applicable standards (e.g. EMV)
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