Smart terminal
In payments, a smart terminal is a piece of mobile hardware, used as a payment terminal, which supports various electronic methods such as magnetic stripes, NFC, EMV, QR Codes, digital currencies, beacon, and more. Legacy payment terminals have only supported limited payment options such as cash, credit card, and debit card payments. Smart terminals allow for significantly increased functionality in merchant acceptance of virtually unlimited forms of electronic payment. Starting in 2015 smart terminals will become common place in the United States because of the liability shift for merchants and because there will be a growing demand from customers using smart watches in in stores and in drive through windows.
Poynt
Poynt is the first iteration of smart terminals. The Poynt smart terminal runs on a native operating system (PoyntOS), features wifi and 3G connectivity, and supports various payment methods such as magnetic stripe, NFC, EMV chip and pin, QR Codes, Bluetooth, and credit card imprints. The Poynt terminal is described as an open-platform, in which it runs on a customizable Android-based tablet and comes with touch screen functionality, bar code scanner and printer built in.[1] Poynt has allegedly struck distribution deals with at least two of the top five U.S. banks.[2]
In computing, smart terminal can mean either:
- A thin client with local data processing capacity
- A computer terminal that has capabilities for cursor positioning, or other display formatting capabilities beyond a text-mode teleprinter
- A block-oriented terminal which typically offloads form or panel editing from a mainframe computer
References
- ^ "Poynt - The Smart Terminal". Retrieved 3 December 2014.
- ^ "Former Google Wallet Head Launches Poynt, A "Future-Proofed" Payment Terminal". Retrieved 3 December 2014.
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