Abstract: A point-of-sale (POS) processing system includes a host and a plurality of portable POS terminals. A local controller may be provided intermediate the host and the POS terminals, so that the POS terminals communicate with the host via the local controller. Each POS terminal includes a main portion and an extension portion. The main portion may be supported by a harness for strapping the main portion to a dealer's body. The extension portion may be small in size and light in weight so that it can be easily held with one hand. The main portion includes a two-way communication subsystem, a processor, and at least one data interface. The extension portion includes a reading device (e.g., a magnetic strip reader) for reading financial account data from an account authorization device (e.g., a credit card, debit card or prepay card). It further includes an input device (e.g., a keypad) for inputting a security code access key (e.g.