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  2. Payment terminal - Wikipedia

    en.wikipedia.org/wiki/Payment_terminal

    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 ...

  3. Authorization hold - Wikipedia

    en.wikipedia.org/wiki/Authorization_hold

    Authorization hold (also card authorization, preauthorization, or preauth) is a service offered by credit and debit card providers whereby the provider puts a hold of the amount approved by the cardholder, reducing the balance of available funds until the merchant clears the transaction (also called settlement), after the transaction is completed or aborted, or because the hold expires.

  4. Credit card imprinter - Wikipedia

    en.wikipedia.org/wiki/Credit_card_imprinter

    The device works by placing the customer’s credit card into a bed in the machine, then layering carbon paper forms over the card. A bar is slid back and forth over the paper to create an impression of the embossed card data and the merchant information on the imprinter.

  5. EMV - Wikipedia

    en.wikipedia.org/wiki/EMV

    EMV. EMV is a payment method based on a technical standard for smart payment cards and for payment terminals and automated teller machines which can accept them. EMV stands for " Europay, Mastercard, and Visa ", the three companies that created the standard. [ 1] EMV cards are smart cards, also called chip cards, integrated circuit cards, or IC ...

  6. E-commerce payment system - Wikipedia

    en.wikipedia.org/wiki/E-commerce_payment_system

    Online merchants must comply with stringent rules stipulated by the credit and debit card issuers (e.g. Visa and Mastercard) in accordance with a bank and financial regulation in the countries where the debit/credit service conducts business. [2] [better source needed] E-commerce payment system often use B2B mode.

  7. Everything You Need to Know About How to Use an ATM - AOL

    www.aol.com/everything-know-atm-150045171.html

    Follow these safety tips when using an ATM: 1. When Possible, Use an ATM at a Bank or Credit Union. Sometimes your only option at 3 a.m. is an ATM at a gas station in the middle of nowhere, but in ...

  8. Point of sale - Wikipedia

    en.wikipedia.org/wiki/Point_of_sale

    The point of sale (POS) or point of purchase (POP) is the time and place at which a retail transaction is completed.At the point of sale, the merchant calculates the amount owed by the customer, indicates that amount, may prepare an invoice for the customer (which may be a cash register printout), and indicates the options for the customer to make payment.

  9. Address verification service - Wikipedia

    en.wikipedia.org/wiki/Address_verification_service

    An address verification service ( AVS) is a service provided by major credit card processors to enable merchants to authenticate ownership of a credit or debit card used by a customer. [ 1] AVS is done as part of the merchant's request for authorization in a non-face-to-face credit card transaction. The credit card company or issuing bank ...

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