Computer terminals used in conjunction with a debit card to electronically transfer funds from checking accounts to third parties are called

Question

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Point-of-sale terminals are specifically designed for electronic fund transfers using a debit card to purchase goods or services directly from a merchant. Payments mechanism is a general term that refers to any method or system used for making payments. ATMs (automated teller machines) are also used for electronic fund transfers, but they mostly allow customers to withdraw cash or make deposits. NOW accounts (negotiable order of withdrawal) are a type of interest-bearing checking account.

Computer Terminals Used in Conjunction with a Debit Card to Electronically