What is Bank POS System?
When we talk about a bank POS, it is a software solution that allows the user to make a payment and/or do an ATM transaction with his debit card. The process is simple: the user wants to withdraw money from his account, giving his ATM card to the cashier.
The cashier swipes the card into the POS terminal, which reads the card number, expiration date, and other data and sends a request to the bank for the amount of money the user wants to withdraw.
The best bank POS system comprises three main parts: the cash register, a bar code scanner, and a receipt printer. The POS terminal, the cash register, is used to calculate sales, discounts, taxes, etc. It can also manage multiple cash drawers and multiple credit card readers.
The POS terminal is connected to the host system via a dedicated serial or USB port. A bar code scanner scans the merchandise and sends the information to the POS terminal. This is how the average bank POS system looks like.
A lot of people claim that choosing the best bank pos system is simple, but it isn’t always that easy. One of the biggest problems is that there are hundreds of different types of bank pos systems on the market, each of which comes with its unique advantages and disadvantages.
Different systems provide various features, some of which may be essential to your business, while others may not be important at all. Here is the list of the most used bank POS systems.
