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UnifiedPOS or UPOS is a world wide vendor- and retailer-driven Open Standard's initiative under the National Retail Federation, Association of Retail Technology Standards (NRF-ARTS) to provide vendor-neutral software application interfaces for numerous (as of 2011, thirty-six) point of sale (POS) peripherals (POS printer, cash drawer, magnetic stripe reader, bar code scanner, line displays, etc.).
PAX Technology S90 credit card terminal with a Visa card inserted.. A payment terminal, also known as a point of sale (POS) terminal, credit card machine, card reader, PIN pad, EFTPOS terminal (or by the older term as PDQ terminal which stands for "Process Data Quickly" [1]), is a device which interfaces with payment cards to make electronic funds transfers.
The point of sale (POS) or point of purchase (POP) is the time and place at which a retail transaction is completed.At the point of sale, the merchant calculates the amount owed by the customer, indicates that amount, may prepare an invoice for the customer (which may be a cash register printout), and indicates the options for the customer to make payment.
On January 20, 2009 Heartland announced that it had been "the victim of a security breach within its processing system in 2008". [8] The data stolen included the digital information encoded onto the magnetic stripe built into the backs of credit and debit cards; with that data, thieves can fashion counterfeit credit cards by imprinting the same stolen information onto fabricated cards. [9]
A "free" trial is another related concept in which customers are allowed to use a product, free of charge, for a limited time. [ 29 ] When a software monopoly has a strong network effect, it may be more profitable for it to offer a "free" trial. [ 30 ]
This type of card provides an intro period during which your purchases don’t accrue interest. Currently, you can find cards that provide as long as 21 months of 0 percent APR.
P/OS, operating system of DEC Professional PCs from Digital Equipment Corporation; Packet over SONET/SDH, a communications protocol for transferring packets over fiber networks
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