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Business owner reviewing the documents required for a POS merchant application

Merchant & POS

Can I get a POS device as an individual customer?

For a POS device to be issued to a customer, the customer must have a legal entity status, such as a sole proprietorship, commercial company, or foundation/association. POS devices cannot legally be issued to individual customers.

Diagram of the Shared POS Management System (OPYS)

Merchant & POS

What Is the Shared POS Management System (OPYS)?

Developed by BKM and made available to banks, OPYS centrally supports setting up multi-application POS terminals shared by multiple members, inviting other members, adding or removing them, and managing field company relationships.

Roll of thermal paper used in POS terminals

Merchant & POS

What Features Should POS Paper Rolls Have?

POS paper rolls, which seem like the simplest part of a POS terminal, must still meet certain conditions. Most of us only look at the amount on the front of the receipt, never the back.

Virtual POS online card payment illustration

Merchant & POS

What Are the Benefits of a Virtual POS for Merchants?

A virtual POS is a payment platform that enables online payments by credit or debit card. Banks also give merchants interfaces for mail order, pre-authorization, cancellations and refunds.

PIN pad device connected to a POS terminal

Merchant & POS

What Is a PIN Pad Device?

A PIN pad lets cardholders safely enter their PIN during POS transactions and lets contactless cards be tapped to transfer card data to the POS. Here is how it works.

Diagram illustrating clearing types between card-issuing and POS banks

Clearing

What are the Clearing Types?

In card transactions via POS/ATM, when the card-issuing bank differs from the POS/ATM bank (Not Onus), the transaction is subject to clearing. Below, POS can also mean ATM. Is the clearing system a single type? No...

Illustration of a new-generation smart cash register combining a fiscal device and a POS terminal

Merchant & POS

What You Need to Know About Smart Cash Registers (OKC)

A smart cash register is a new-generation, IP-based payment recording device that integrates a cash register with a POS terminal. It combines fiscal devices and POS devices in a single unit and transmits data to the Ministry of Finance in real time.