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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.
While the physical card does not need to be presented to the merchant (which would be impossible over the phone), the customer authorising the payment should still be possess the card. To verify this, the virtual terminal often requires the card security code to be entered, which the customer must provide. One alternative for merchants is to ...
The following is a list of notable online payment service providers and payment gateway providing companies, their platform base and the countries they offer services in: (POS -- Point of Sale ) Company
In some cases, the network and the card issuer can be the same. While a network and an issuer perform different roles regarding credit cards, both could be considered credit card companies. Credit ...
Small-business cards are typically designed to meet the needs of small businesses, while corporate credit cards are better suited to the needs of corporates with millions of dollars in annual revenue.
Point of sale terminals, also known as EPoS ('e' signifying this is an electronic point of sale) may be portable, mobile, fixed, adapted for transactions carried out behind a glass partition, or specially adapted for business-to-business transactions. Portable and counter top terminals are common place in restaurants and retail shops, while ...
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