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How is an IP-based POS environment defined?

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How is an IP-based POS environment defined?

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The point of sale (POS) environment is the environment in which a transaction takes place at a merchant location (i.e. retail store, restaurant, hotel property, gas station, supermarket, or other point of sale location). An Internet protocol-based (IP) POS environment is one in which transactions are stored, processed, or transmitted on any system communicating to external systems through email or an Internet web address.

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