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Now only Key Bank is part of Accel/Exchange when it comes to major banks in the Northwest. 2013: In April, the company streamlined the name from "ACCEL/Exchange" to simply "Accel," a result of a repositioning of the debit payment network, and a reflection of its current "ability to accelerate funds transfers across retail, biller and social ...
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.
Electronic Funds Transfer at Point Of Sale, abbreviated as EFTPOS (/ ˈ ɛ f (t) p ɒ s /), is the technical term referring to a type of payment transaction where electronic funds transfers (EFT) are processed at a point of sale (POS) system or payment terminal usually via payment methods such as payment cards (debit cards, credit cards or gift cards).
An interbank network, also known as an ATM consortium or ATM network, is a computer network that enables ATM cards issued by a financial institution that is a member of the network to be used to perform ATM transactions through ATMs that belong to another member of the network.
UnifiedPOS or UPOS is a world wide vendor- and retailer-driven Open Standard's initiative under the National Retail Federation, Association of Retail Technology Standards (NRF-ARTS) to provide vendor-neutral software application interfaces for numerous (as of 2011, thirty-six) point of sale (POS) peripherals (POS printer, cash drawer, magnetic stripe reader, bar code scanner, line displays, etc.).
Manual card imprinter Another type of manual card imprinter (Janome M220) with a smaller sliding handle. A credit card imprinter, colloquially known as a ZipZap machine, click-clack machine or Knuckle Buster, is a manual device that was used by merchants to record credit card transactions before the advent of payment terminals.