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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”).
Virtual terminal software functionality: See if the merchant provider app requires a card reader for in-person sales and if it offers POS features. Look for must-have tools, like emailing or ...
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]
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
The future of the payment processing industry is being driven by an increase in vertical-specific processors, [15] the accelerated adoption of contactless payment methods [16] (in response to COVID-19-related limitations on contact and in-person interactions), and the trend toward customer choice and autonomy, [17] particularly in western cultures.
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