Helcim FYI – What is a Point-of-Sale System?
Retail brick-and-mortar businesses typically use a Point-of-Sale, or POS, to facilitate their day to day transactions. A POS is a system of interconnected devices that can be made up of a cash register, iPad, computer system, credit card terminal, printer, bar code scanner, and other various components that support face to face transactions.
What is Chargeback Fraud?
If a customer makes a purchase and then deliberately files a chargeback falsely claiming the product or service was not delivered or received as described, then that is chargeback fraud.