What does "pos transfer" mean? The SMS prompts "What does pos deposit mean?" ? The answer is to be determined. Except for ...

Income paid by bank cards through pos machines.

The act of collecting monetary funds from special merchants of bank cards through POS terminals. (Measures for the Administration of Payment Services of Non-financial Institutions)

Bank card acquiring business: refers to the behavior that the acquiring institution signs a bank card acceptance agreement with the special merchant, and provides transaction fund settlement service for the special merchant after the special merchant accepts the bank card as agreed and reaches a transaction with the cardholder.

Bank card is a credit payment tool issued by commercial banks and postal savings institutions to the society, which has all or part of the functions of consumer credit, transfer settlement and cash deposit and withdrawal. Bank card is the basic voucher for saving money in the bank. From the end of June 20 14, the use of bank cards in China will bid farewell to the era of "swiping" cards and turn to the era of safer "inserting" cards. In 20 15, new magnetic stripe bank cards will be gradually stopped.