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XM (requires an eXternal electro-mechanical adapter) – Technically the same as EM, but such adapter usually consists of 2 parts: a pseudo-card with pin routing and physical enclosure size that perfectly match the target slot and a break-out box (a card reader) that holds a real card. Such adapter is the least comfortable to use.
A card reader is a data input device that reads data from a card-shaped storage medium and provides the data to a computer. Card readers can acquire data from a card via a number of methods, including: optical scanning of printed text or barcodes or holes on punched cards, electrical signals from connections made or interrupted by a card's punched holes or embedded circuitry, or electronic ...
Contactless smart card. A contactless smart card is a contactless credential whose dimensions are credit card size. Its embedded integrated circuits can store (and sometimes process) data and communicate with a terminal via NFC. Commonplace uses include transit tickets, bank cards and passports. There are two broad categories of contactless ...
Intuit Canada ULC, an indirect wholly owned subsidiary of Intuit, is a developer of financial management and tax preparation software for personal finance and small business accounting. Services are delivered on a variety of platforms including application software , software connected to services , software as a service , platform as a service ...
Square charges $99 for Square Stand and $59 for its chip-based Square Reader. [40] The Square app is freely downloadable from the Apple App Store and the Google Play Store. Square charges a fee of 2.6% plus $0.10 on every electronically scanned credit card transaction [ 41 ] or 3.50% plus $0.15 per manually-entered transaction.
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. The terminal typically consists of a secure keypad ...
Smart card. A smart card ( SC ), chip card, or integrated circuit card ( ICC or IC card ), is a card used to control access to a resource. It is typically a plastic credit card-sized card with an embedded integrated circuit (IC) chip. [ 1] Many smart cards include a pattern of metal contacts to electrically connect to the internal chip.
Secure Digital Standard Capacity (SD) logo. The specification defines cards with a capacity of up to 2 GB. The second-generation Secure Digital (SDSC or Secure Digital Standard Capacity) card was developed to improve on the MultiMediaCard (MMC) standard, which continued to evolve, but in a different direction.
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