Terms tagged
POS
POS, PMS, PCI, SCA. The acronyms behind running a business, in plain language.
25 terms · POS
Topic context
POS terms in one place.
Browse related definitions together when you are scoping a workflow, comparing vendors, or preparing a rollout plan.
All terms-
Acquirer
Bank or payment institution that signs merchants and routes their card transactions into the card networks.
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Apple Pay
Mobile wallet by Apple that tokenizes cards for contactless and in-app payments.
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Card Fraud
Unauthorized card use or theft of credentials to initiate transactions.
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Card Network
Payment network (e.g., Visa/Mastercard) that sets rules and routes card transactions between issuers and acquirers.
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Card Present
Transactions where the physical card is read at POS (chip, contactless, or magnetic strip).
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Chargeback
A forced payment reversal initiated by the cardholder’s bank after disputing a transaction.
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Credit Card
Card that lets cardholders borrow up to a limit and repay later; funds settle via the issuing bank.
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Debit Card
Card that pulls funds directly from a bank account at purchase time.
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Digital Wallet
Application that stores payment instruments and enables checkout with tokens or credentials.
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Disagio
A fee withheld by a payment provider from each transaction, effectively reducing the payout.
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Electronic cash register
A digital register or POS system that records sales and must meet German GoBD and KassenSichV requirements.
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Fraud Detection / Risk Assessment
Tools and models that score transactions or accounts to block or step-up risky activity.
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Giro Card
Domestic debit card system (e.g., Germany) that clears directly against bank accounts via local rails.
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GoBD (German bookkeeping and retention rules)
German rules for proper digital bookkeeping, retention, traceability, and exportable accounting records.
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Google Pay
Google’s wallet that tokenizes cards for contactless, in-app, and web payments.
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Hold on Funds
Temporary reservation of money before capture or payout, often for risk or authorization checks.
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Interchange Fee
Fee paid by the acquirer to the issuer on each card transaction; funds scheme incentives and risk.
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Issuer
Bank or fintech that issues payment cards to cardholders and authorizes their transactions.
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KassenSichV (German Cash Register Security Ordinance)
German cash register security rules requiring protected transaction records and usually a certified TSE.
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KYC / KYB (Know Your Customer / Business)
Identity and business verification required to onboard customers or merchants and prevent financial crime.
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Merchant
A business that accepts payments for goods or services via card or alternative rails.
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Payment Processor
A service provider that routes payment data between merchants, acquirers, and schemes.
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PCI DSS (Payment Card Industry Data Security Standard)
Security framework that sets technical and procedural requirements for handling cardholder data.
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Point of Sale (POS)
The place and system where in-person sales are captured, payments are taken, and receipts are issued.
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TSE (Technical Security Device)
A certified technical security device that signs German cash register transactions against tampering.