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
2
Q
SoftPOS
A
Allows mer- chants to accept card payments directly on a standard consumer smart phone or tablet
3
Q
Dard payment terminals can be classified into two categories:
A
Proprietary devices & Enabled consumer devices
4
Q
Proprietary devices
A
- These are specific to a manufacturer (e.g. Ingenico, Verifone, Zettle)
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)