Here’s what TST means on a credit card statement: If the letters “TST” appear on a credit card statement and are immediately followed by the name of a store or merchant, this is referencing the company called Toast. Toast is the company that processed the payment, and its role in the transaction has to be recorded. That’s why you see those letters. So if you want to learn all about what TST is exactly, why they charge your credit card, and whether TST is safe, then you’re in the right place. Let’s get started! What Is a Point of Sale System? The point of sale (POS) describes the time and place where a sale occurred. A POS system is the combination of hardware and software that were used to process the transactions. POS systems come in vast varieties. In their simplest form, POS systems can just be cash drawers that you use to hold money for the day. More complicated POS systems will utilize electronic devices. They can even be fully automated checkout machines like you see at major retailers and grocery stores. For many small businesses, POS systems are provided by third parties and run through online smart registers, tablets, or smartphones. If you have ever seen a card reader attached to a tablet, that is a POS system that is operated through a smart device. Most businesses today have some way to read a credit card and accept payment from that card. So, even a simple credit card reader constitutes a portion of a POS system. In fact, if your business has an old credit card imprinter just in case power or internet goes down, that is part of the POS system too. The concept encompasses everything tied to the direct transaction between a business and its customers. What Is a Payment Processor? A point-of-sale system can include a payment processing service, but it doesn’t have to. Before