Point-of-Sale (POS) Terminal Law and Legal Definition

According to 31 CFR 206.2 [Title 31 -- Money and Finance: Treasury; Subtitle B -- Regulations Relating to Money and Finance; Chapter II -- Fiscal Service, Department of the Treasury; Subchapter A -- Financial Management Service Part 206 -- Management of Federal Agency Receipts, Disbursements, and Operation of the Cash Management Improvements Fund], point-of-sale (POS) terminal means “an automated credit card or debit card transaction device.”