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PAX Technology was founded in Shenzhen (China) in 2000. Jack Lu and Tiger Nie are currently Group CEO and chairman of the Board respectively. [citation needed]In 2002, PAX was selected as supplier of EFTPOS terminals for China UnionPay Merchant Services and supplier for Bank of China & Bank of Communications in 2004. [3]
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.
A portable data terminal (PDT) is an electronic device that is used to enter or retrieve data via wireless transmission (WLAN or WWAN). They have also been called enterprise digital assistants ( EDA ), data capture mobile devices , batch terminals or just portables .
Android phones, like this Nexus S running Replicant, allow installation of apps from the Play Store, F-Droid store or directly via APK files. This is a list of notable applications ( apps ) that run on the Android platform which meet guidelines for free software and open-source software .
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”).
This type of mobile payment method, which is prevalent in Asia, [citation needed] provides the following benefits: Security – two-factor authentication and a risk management engine prevents fraud. Convenience – no pre-registration and no new mobile software is required. Easy – It is just another option during the checkout process.
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