Bis Registration For Point Of Sale Terminals - Is 13252(part 1):2010

Point to sale terminal is a hardware device that is used mostly in retail stores for processing card payments. In this, debit and credit cards are used for payment purposes. The terminal's responsibilities include reading the data from a customer's credit/debit card, moving money from the customer’s account to the trader's, and documenting transaction details. This technology initially examines the magnetic strip on the client's credit/debit card to determine whether there is enough money to transfer to the seller. It then performs the transfer. The consumer gets the sale transaction by email or text message. In addition, the consumer can obtain a printed receipt. The best part of the point of sale terminals is that customers need not carry cash, can easily make payments using debit/credit cards.