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POS Terminal is the equipment used to manage the selling process by a salesperson i.e. accessible interface in the location where a transaction takes place. When a POS terminal is subjected to strong magnetic field or being stroked by lightning, the memory chip in the machine that stored credit card transactions can be corrupted and data can be lost. Once these happened, the merchants will not be able to perform batch settlements with the Card Company.
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POS Terminal POS Terminal is the equipment used to manage the selling process by a salesperson i.e. accessible interface in the location where a transaction takes place. When a POS terminal is subjected to strong magnetic field or being stroked by lightning, the memory chip in the machine that stored credit card transactions can be corrupted and data can be lost. Once these happened, the merchants will not be able to perform batch settlements with the Card Company.
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