ATMs and POS in Europe - statistics & facts
A Point of Sale (POS) terminal, also referred to as a payment terminal, is a device that processes debit and credit card transactions for merchants and businesses. Whilst older models use either a telephone line or ethernet cable to connect the device, the majority of newer models now use either a mobile network, Wi-Fi or Bluetooth to allow card payments to make electronic fund transfers. To ensure a secure payment, POS terminals use a PINpad for consumers to enter their PIN number, with many models now allowing contactless payments for smaller purchases.
