Credit Card Glossary: Terms and Definitions
Point of sale terminal
In credit card parlance, a point of sale terminal is a card reader that a retailer uses to record a sale and initiate a payment’s approval. Either the retailer or the customers themselves will swipe the card to begin a transaction. There are many types of point of sale terminals.
Terms from A-Z
Search the CreditCards.com glossary for every credit-related term from "account holder" to "zombie debt." Select a letter for alphabetized terms and definitions.