POS

Question 1

EPOS

Answer 1

• Electronic Point of Sale
• Modern till system consisting of hardware and software that help merchants run their business

-Their functionality may include features such as sales management, accounting, data collection, product, management, and stock management, as well as the capability to accept payments

Question 2

SoftPOS

Answer 2

Allows mer- chants to accept card payments directly on a standard consumer smart phone or tablet

Question 3

Dard payment terminals can be classified into two categories:

Answer 3

Proprietary devices & Enabled consumer devices

Question 4

Proprietary devices

Answer 4

• These are specific to a manufacturer (e.g. Ingenico, Verifone, Zettle)

Question 5

Enabled consumer devices

Answer 5

• SoftPOS
• Essentially, a SoftPOS payment facility converts a consumer device into a secure payment terminal and enables acceptance of EMV contactless cards
• The software facil- ity supplied to the merchant, generally referred to as a Software Development Kit (SDK), is API-based and complies with applicable standards (e.g. EMV)