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POP payment center in New York City, used for Select Bus Service lines. Ticket hall with open barrier line in Niittykumpu metro station, Espoo, Finland. Proof-of-payment (POP) or proof-of-fare (POF) is an honor-based fare collection system used on many public transportation systems.
A substitute check (also called an Image Replacement Document or IRD) [1] is a negotiable instrument that is a digital reproduction of an original paper check.As a negotiable payment instrument in the United States, a substitute check maintains the status of a "legal check" in lieu of the original paper check, as authorized by the Check Clearing for the 21st Century Act (the Check 21 Act).
A proof of funds (POF) is a document such as a bank statement proving that a person or a company has the financial ability to perform a transaction or meet a potential future liability. The POF can be issued by a bank, a financial institution or a trade finance provider.
The Transit Access Pass (TAP) is a contactless smart card used for automated fare collection on most public transport agencies within Los Angeles County, California.The card is also available in electronic form, free of charge, in Apple Wallet, thereby bypassing the need to purchase the plastic USD $2 card. [2]
Often used in proof-of-payment systems. On-vehicle validator – used by a media holder to confirm travel rights and board a vehicle (e.g. bus, tram, train) Inspector/conductor device – used by staff such as a conductor to verify travel rights
What Is Form 1099-K? Form 1099-K is an IRS form first introduced in 2011 and is used to report payments from third-party network transactions like Zelle and PayPal.