A POS system is more complex than a terminal and requires additional security and maintenance. Point-of-sale (POS) systems are computers specialized to process payments for a department’s specific business needs-typically one or more PCs connected to a central server or to a hosted environment.Terminals are small, desktop devices that can process credit and debit transactions and allow users to tap, swipe, or insert a card (chip and PIN), or to enter information manually.Payment cards can be accepted using terminal, point-of-sale, or online systems: Departments cannot accept credit/debit cards until they have the approval of the Office of the Bursar. Under no circumstance should a department contract with a credit card processor to begin accepting credit/debit cards. This page outlines what a department needs to know and do to become a merchant. However, having this convenience requires thorough preparation and constant vigilance in order to maintain card data security. Accepting credit and debit cards improves a customer’s experience while also creating greater efficiencies in payment collection.
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