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PAX Technology S90 credit card terminal with a Visa card inserted.. A payment terminal, also known as a point of sale (POS) terminal, credit card machine, card reader, PIN pad, EFTPOS terminal (or by the older term as PDQ terminal which stands for "Process Data Quickly" [1]), is a device which interfaces with payment cards to make electronic funds transfers.
To pay using this system, a customer passes the card within 4 cm of a reader at a merchant checkout. Using this method, for transactions under a specified limit, the customer does not need to authenticate their identity by PIN entry or signature, as on a regular EFTPOS machine. For transactions over the above limit, PIN verification is required.
QR code payment is a payment initiated using a QR Code scanned from POS terminal or Digital wallet; Transfers initiated by telephone (Mail Order/Telephone Order) Electronic funds transfer at point of sale (EFTPOS) are transfers resulting from credit or debit card transactions initiated through a payment terminal
Apple Pay is a mobile payment service by Apple Inc. that allows users to make payments in person, in iOS apps, and on the web.Supported on iPhone, Apple Watch, iPad, Mac, and Vision Pro, Apple Pay digitizes and can replace a credit or debit card chip and PIN transaction at a contactless-capable point-of-sale terminal.
EMV contactless symbol used on compatible payment terminals. EMV stands for "Europay, Mastercard, and Visa", the three companies that created the standard.Contactless payment systems are credit cards and debit cards, key fobs, smart cards, or other devices, including smartphones and other mobile devices, that use radio-frequency identification (RFID) or near-field communication (NFC) for ...
The response displayed by a CAP reader essentially consists of the various parts of the card's response (Application Transaction Counter, MAC, etc.) which is then reduced to specific bits as determined by the Issuer Authentication Indicator (IAI) record stored in the card (this is set on a per-issuer basis, although should an issuer desire, it ...