POS terminal Definition.
The in-store card acceptance device (known in France as a TPE, or terminal de paiement électronique). It reads chip and contactless cards, captures the PIN, requests authorization and uploads batches. It is certified under PCI PTS for hardware security and approved by the schemes it accepts (CB in France). The market is moving toward app-rich Android terminals, hardware-free SoftPOS and unified nexo protocols.
See also
Where this term appears
GuideThe four-party modelGuidePayment schemesGuideFrench fintech: an overviewGuidePayments in the BalkansGuidePayments in Germany, Austria, and SwitzerlandGuidePayments in Central and Eastern EuropeGuidePayments in FranceGuidePayments in Greece, Cyprus, and MaltaGuidePayments in Spain and PortugalGuidePayments in Russia and the CISGuidePayments in TurkeyGuidePayments in the Caribbean and Central America