A Point of Sale (POS) system is the combination of hardware and software where a retail transaction is completed. It is the modern equivalent of a cash register, equipped with barcode scanners, receipt printers, and payment terminals capable of reading magnetic stripes, EMV chips, and NFC contactless payments (like Apple Pay).
The Evolution of Smart POS
Modern POS systems do much more than just take money; they track inventory, manage employee timesheets, and integrate directly with the merchant's e-commerce platform. However, because POS terminals interact directly with unencrypted cardholder data at the moment of the swipe or dip, they are subject to rigorous Payment Card Industry (PCI) security standards.
Managing POS Compliance via Onlayer
Tracking the compliance status of thousands of merchants with varying POS setups is a massive operational hurdle. Onlayer consolidates all SAQs, AOCs, and ASVs into one dashboard, regardless of the merchant's POS hardware. It tracks document submission status and expiration dates in real time, driving up to an 85% increase in completed compliance document submissions portfolio-wide.
