Abbreviation for “Point of Interaction,” the initial point where data is read from a card. An electronic transaction-acceptance product, a POI consists of hardware and software and is hosted in acceptance equipment to enable a cardholder to perform a card transaction. The POI may be attended or unattended. POI transactions are typically integrated circuit (chip) and/or magnetic-stripe card-based payment transactions.
« Back to Glossary IndexCategories
Recent Posts
- MicroBiz Named 2021 Best Salon POS Software December 9, 2020
- COVID Pandemic’s Impact on Contactless Payments August 5, 2020
- MicroBiz POS President to Participate RSPA Academy Online Symposium on Aug. 26-27 August 4, 2020
- MicroBiz Partners with POS Portal to Sell and Support POS Hardware May 15, 2019
- MicroBiz President to Present at Software Executive Executive Forum July 7, 2018