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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”).
Consider these factors when choosing payment apps for credit card processing: Payment methods: Most providers support major credit and debit cards, ... Virtual terminal software functionality: ...
A key feature of the solution platform beyond payment acceptance is Payanywhere Inside, an online merchant portal that enables businesses to access reporting, manage employee permissions, accept phone and online payments via a virtual terminal, send and manage invoices, take action on chargebacks, and access additional business management tools ...
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
Allows users to access information from another host processor for transaction processing, Serves as a backup facility. PuTTY is an example of a virtual terminal. ITU-T defines a virtual terminal protocol based on the OSI application layer protocols. However, the virtual terminal protocol is not widely used on the Internet.
Authorize.Net was founded in 1996, in Utah, by Jeff Knowles. [4] As of 2004, it had about 90,000 customers. [5]Authorize.Net was one of several companies acquired by Go2Net, a company backed by Microsoft founder Paul Allen, in 1999, [6] for US$ 90.5 million in cash and stock. [7]
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