POS Electronic Data Capture Terminal
Pointof Sale or Point of Service (PoS) is a term commonly used with relation to the hardware and software used for checking out the process at any business. PoS is used not only in the retail industry, it has vast applicability in all the fields of business. For example, you make a purchase in the supermarket; you finalize everything and make your way to the checkout counter. Here, your purchased commodities are packed, bill is generated and payment is made by you. This process is referred as the point of sale. With the growing business and digitalization, these checkout counters have been replaced by the PoS terminal machines. Avery important part of this terminal that makes the process completes is Electronic Data Capture system, commonly referred to as EDC. Electronic Data Capture is to make use of the point of sale terminal for the processing of credit/debit cards by capturing the details of the card holder. Electronic data capture will dodge any kind of fraud that c...