Point of Sale (POS) Glossary
Unencrypted data is unprotected information that is easily readable. Unencrypted data is a high security risk because it can be intercepted during transmission. POS systems may send data from terminals around the store and receive orders from a website over the internet. Sensitive information can also be stolen if a point of sale system’s database is compromised.
The Payment Card Industry Data Security Standard (PCI DSS) requires data protection for all businesses that handle credit card information. This includes requiring encryption for sensitive customer information while it is being accepted, stored, or transmitted.
Electronic payment information that is accepted via a POS system or online must be protected by encryption or tokenization to avoid fraudulent use. Tokenization provides a level of protection above encryption since tokens contain no sensitive information.
Customers love promotions! Buyers are often pulled in by one deal and wind up buying regularly priced merchandise in addition to, or sometimes instead of your discounted items.
An eCommerce website is open 24/7 and accessible from all over the world. Being online and having physical store opens your business to a global market.