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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”).
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.
Terminal verification results (TVR) or Tag '95' [1] is an EMV data object . The TVR is a series of bits set by the terminal reading an EMV card, based on logical tests (for example has the card expired). This data object is used in the terminal's decision whether to accept, decline or go on-line for a payment transaction.
In addition, it provides mobile payment methods for various segments of the mobile point of sale environment; contactless peripherals; network access devices; security systems; payment-as-a-service and other managed services, terminal management, payment-enabled media, and payment system security; and server-based payment processing software ...
April 15 is just days away. If you're one of those last-minute tax filers, you don't have to worry about leaving time for your return to get from your mailbox to the appropriate Internal Revenue ...
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).
In the United States, the ACH Network is the national automated clearing house (ACH) for electronic funds transfers established in the 1960s and 1970s. It is a financial utility owned by US banks, and is one of the largest payments networks in the United States, both by volume and by customer reach; virtually every bank account in the US, whether personal or commercial, is connected to the ...
In 2010, the company acquired public-sector-payment company Point & Pay, as well as merchant services technology provider CDI Tech. [1] In January 2011, North announced the launch of Payanywhere, a mobile payment processing tool. The acquisition of payment services company Velocity occurred in 2013. [1]
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