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A virtual terminal is a software application (often a web application) for merchants which allows them to accept payment with a payment card, specifically a credit card, without requiring the physical presence of the card (“card not present transaction”).
In open systems, a virtual terminal (VT) is an application service that: Allows host terminals on a multi-user network to interact with other hosts regardless of terminal type and characteristics, Allows remote log-on by local area network managers for the purpose of management,
Virtual credit cards, which use randomly generated numbers instead of your actual card number, are good alternatives if you want to keep the convenience of storing your card on a merchant’s website.
A key feature of the solution platform beyond payment acceptance is Payanywhere Inside, an online merchant portal that enables businesses to access reporting, manage employee permissions, accept phone and online payments via a virtual terminal, send and manage invoices, take action on chargebacks, and access additional business management tools ...
Telnet (short for "telecommunications network") [1] is a client/server application protocol that provides access to virtual terminals of remote systems on local area networks or the Internet. [2] It is a protocol for bidirectional 8-bit communications. Its main goal was to connect terminal devices and terminal-oriented processes. [3]
In May 1995, the company partnered with Broadvision Inc., a developer of Internet, interactive television, computer network, and other software, to couple Verifone's Virtual Terminal software—a computer-based version of its standard transaction terminal—with BroadVision's offerings, thereby extending Verifone's products beyond the retail ...
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