POS (Business banking), Glossary and Terms, Depository Institutions & Credit Unions

U.S Depository Institutions List of United States Depository Institutions, Credit Unions, Guide Service

"POS (Business banking)"

Point of sale - A purchase made at a merchant outlet that is immediately debited from a person's account through a computer terminal. Also known as direct payment.

Depository glossary and terms by letter

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