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PAX Technology S90 credit card terminal with a Visa card inserted.. A payment terminal, also known as a point of sale (POS) terminal, credit card machine, card reader, PIN pad, EFTPOS terminal (or by the older term as PDQ terminal which stands for "Process Data Quickly" [1]), is a device which interfaces with payment cards to make electronic funds transfers.
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 2008, Ingenico acquired 55% of Fujian Landi, a Chinese EFTPOS vendor. [ 2 ] In 2009, Ingenico partnered with its two largest competitors, Hypercom and VeriFone , to found the Secure POS Vendor Alliance , a non-profit organization whose goal is to increase awareness of and improve payment industry security. [ 3 ]
Automated teller machine (ATM) transfers; Direct deposit payment or withdrawals of funds initiated by the payer; Direct debit payments in which a business debits the consumer's bank accounts for payment for goods or services; Electronic bill payment in online banking, which may be delivered by EFT or paper check
Its “MX solutions” include a range of products that support these same features in self-service market segments, such as taxis, parking lots/garages, ticketing machines, vending machines, gas pumps, self-checkouts, and quick service restaurants. In 2005 Verifone released its first full color EFT-POS terminal, the MX 870. The MX 870 is ...
Pulse is an interbank electronic funds transfer (EFT) network in the United States.It serves more than 4,400 U.S. financial institutions and includes more than 380,000 ATMs, as well as POS terminals nationwide.
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NEXGO (also known as Shenzhen Xinguodu Technology Co., Ltd.) is a global manufacturer of high-tech payment terminals, PIN pads and point of sale hardware and software. The company is headquartered in Shenzhen, China, and engages in research and development, production, sale, and leasing of financial point of sale (POS) machines and related electronic payment processing products.