POS Equipment definition

POS Equipment is equipment for processing Transactions, including electronic terminals, PIN pads, and other processing equipment, including software. "Preauthorized Transaction" is a Transaction for which a Cardholder has given advance permission to periodically charge the Cardholder Account. Preauthorized Transactions include Recurring Transactions, Installment Billing Transactions, and Preauthorized Health Care Transactions. "Processing Fees" are the fees payable by Merchant to Provider for the Services Provider provides to Merchant in connection with this Agreement, as specified in the FEE SCHEDULE to the Application or as otherwise provided for in this Agreement or an Addendum thereto as modified by Processor from time to time.
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POS Equipment means the point-of-sale devices) or system used by Franchisee, which must meet the communications protocol and criteria of the PayPoint Network.
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POS Equipment is equipment for processing Transactions, including electronic terminals, PIN pads, and other processing equipment, including software. "Preauthorized Transaction" is a Transaction for which a Cardholder has given advance permission to periodically charge the Cardholder Account. Preauthorized Transactions include Recurring Transactions, Installment Billing Transactions, and Preauthorized Health Care Transactions. "Processing Fees" are the fees payable by Merchant to Provider for the Services Provider provides to Merchant in connection with this Agreement, as specified in the FEE SCHEDULE to the Application or as otherwise provided for in this Agreement or an Addendum thereto as modified by Processor from time to time. These fees also include, but are not limited to, Card Network fees, Sponsor Bank or other third-party gateway fees, which will be passed-through to Merchant and invoiced monthly at a rate determined by BillingTree, the Card Network or the Sponsor Bank.
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Examples of POS Equipment in a sentence

  • Merchant, and not Bank, is responsible for the use, unauthorized use or misuse of Merchant’s equipment, POS Equipment, or software.

  • Processor will use good faith efforts to program the POS Equipment to operate at the Merchant Outlets in compliance with the Operating Rules; however, Processor makes no representations or warranties that Processor’s programming of the POS Equipment furnished by Processor will operate in compliance with the Operating Rules.

  • If Merchant chooses to rent or lease POS Equipment from Processor or utilizes software provided by Processor for use in processing Transactions, Merchant agrees to pay Processor: (a) a pre-determined monthly rental fee; (b) any initial upfront costs as required; and (c) all applicable taxes for such POS Equipment or software utilization.

  • If Processor supplies Merchant with POS Equipment or other equipment, then Merchant must return such equipment upon termination of this Agreement.

  • However, Processor makes no representations or warranties that Processor’s programming of the POS Equipment furnished by Processor will operate in compliance with the Operating Rules.

  • Merchant, and neither Bank nor Clearent, is responsible for the use, unauthorized use or misuse of Merchant’s equipment, POS Equipment, or software.

  • Clearent will use good faith efforts to program the POS Equipment to operate at the Merchant locations in compliance with the Card Brand Rules; however, Clearent and Bank make no representations or warranties that Clearent’s programming of the POS Equipment furnished by Clearent will operate in compliance with the Card Brand Rules.

  • Merchant agrees that if Merchant does not use POS Equipment that has been certified EMV chip card compliant and enabled or when a lost or stolen chip and PIN card is used at an EMV enabled terminal capable of processing chip and signature only, Merchant may be liable for payment of any transactions submitted for chargeback by the applicable EMV chip card issuer(s) due to lost, stolen and never-received-issue fraud claims.

  • Processor will use reasonable and good faith efforts to program the POS Equipment to operate at Merchant’s location in compliance with the Operating Rules.

  • Merchant, and not Bank, is responsible for the use, unauthorized use, or misuse of Merchant’s equipment, POS Equipment, or software.


More Definitions of POS Equipment

POS Equipment or “Equipment” means the store hardware purchased hereunder as set forth in Schedule “B” and/or under maintenance with NSB that is being used to run the Store Software.
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POS Equipment has the meaning specified in Section 7.4.
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POS Equipment means Point of Sale terminal components to perform secure card based transactions such as: Card Reader, PIN Pad, Printer, Power pack and Power cables.
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POS Equipment means the POS terminal consisting of encrypted and certified card reader and related accessories provided by EzSwype and shall include any replacement, modification, enhancement and/or additions to the POS Equipment (including the supporting software used therein) as may be provided for/caused to be provided for authorization by EzSwype to the Merchant.
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POS Equipment means the physical equipment (including all machine components) used by CPW staff and Sales Agents to complete a sales transaction; issue a product, license, registration or reservation; or perform any cash management function for CPW offices or Sales Agents.
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POS Equipment means all POS equipment and systems, registers, cash drawers and related computer hardware, peripherals and software.
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Related to POS Equipment

  • Your Equipment means all equipment located after (downstream of) the point that electricity leaves the Meter at the premises which is used to take supply of or consume electricity except any Electricity Supply Equipment.

  • Farm equipment means equipment used directly for farming

  • Metering Equipment means all metering equipment installed at the metering points designated in the appropriate appendix to an Interconnection Service Agreement. Minimum State of Charge:

  • Communications Equipment means the communications equipment of the Licensee and its affiliates, including, without limitation, cabinets, racks, electronic equipment and other similar equipment.

  • CONSTRUCTION EQUIPMENT means all appliances and equipment of whatsoever nature for the use in or for the execution, completion operation or maintenance of the work unless intended to form part of permanent work.

  • Rental Equipment means the equipment identified on the Service Agreement and Order Schedule or otherwise notified to you in writing that we will rent to you as part of our provision of the Services and which you will return to us after expiry or termination of the Agreement, subject to the provisions of this Agreement.

  • Installation Works means, as the context so requires,