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2. Payment card interchange fee and merchant discount antitrust ...

   en.wikipedia.org/wiki/Payment_Card_Interchange...

   Richard Durbin, the senator from Illinois who was the main proponent of those rules, has called the proposed settlement on credit card swipe fees, "gives Visa and MasterCard free rein to carry on their anti-competitive swipe-fee system with no real constraints and no legal accountability. This is not a settlement I would agree to.

3. Payment terminal - Wikipedia

   en.wikipedia.org/wiki/Payment_terminal

   A payment terminal allows a merchant to capture required credit and debit card information and to transmit this data to the merchant services provider or bank for authorization and finally, to transfer funds to the merchant. The terminal allows the merchant or their client to swipe, insert or hold a card near the device to capture the information.

4. Square (financial services) - Wikipedia

   en.wikipedia.org/wiki/Square_(financial_services)

   Square is a point-of-sale system for sellers with physical or online stores. [2] [3] Launched in 2009 by Block, Inc., [4] it enables merchants to accept card payments and manage business operations.

5. EFTPOS - Wikipedia

   en.wikipedia.org/wiki/EFTPOS

   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).

6. OpenEdge - Wikipedia

   en.wikipedia.org/wiki/OpenEdge

   Global Payments Integrated (formerly OpenEdge Payments, LLC) is an American company providing financial technology services via payment processing integration. [4] Headquartered in Lindon, Utah , Global Payments Integrated is a subsidiary of Global Payments whose stock is a component of the S&P 500 stock market index.

7. E-commerce payment system - Wikipedia

   en.wikipedia.org/wiki/E-commerce_payment_system

   There are varied types of electronic payment methods such as online credit card transactions, e-wallets, e-cash and wireless payment system. [5] Credit cards constitute a popular method of online payment but can be expensive for the merchant to accept because of transaction fees primarily. Debit cards constitute an excellent alternative with ...

8. Payment gateway - Wikipedia

   en.wikipedia.org/wiki/Payment_gateway

   The payment gateway converts the message from XML to ISO 8583 or a variant message format (format understood by EFT Switches) and then forwards the transaction information to the payment processor used by the merchant's acquiring bank. The payment processor forwards the transaction information to the card association (e.g. Visa, Mastercard ...

9. Payment service provider - Wikipedia

   en.wikipedia.org/wiki/Payment_service_provider

   A payment service provider (PSP) is a third-party company that allows businesses to accept electronic payments, such as credit card and debit card payments. PSPs act as intermediaries between those who make payments, i.e. consumers , and those who accept them, i.e. retailers .