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  2. Payment terminal - Wikipedia

    en.wikipedia.org/wiki/Payment_terminal

    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.

  3. Credit card imprinter - Wikipedia

    en.wikipedia.org/wiki/Credit_card_imprinter

    Manual card imprinter Another type of manual card imprinter (Janome M220) with a smaller sliding handle. A credit card imprinter, colloquially known as a ZipZap machine, click-clack machine or Knuckle Buster, is a manual device that was used by merchants to record credit card transactions before the advent of payment terminals.

  4. Credit card swipe fees add to consumers' costs, but here's a ...

    www.aol.com/credit-card-swipe-fees-add-120327276...

    At an average 2% to 4% of the purchase price, swipe fees account for up to 60 cents of the $15 or so it costs to buy a package of Oreos, a jar of peanut butter, one of jelly, and a loaf of bread.

  5. Credit Card 'Swipe' Fees Could Cost Shoppers Over $20 ... - AOL

    www.aol.com/credit-card-swipe-fees-could...

    It's Higher This Year. If you think swipe fees dropped with inflation, guess again. Last year they were $18.6 billion. Since 85% of holiday purchases will be made with credit or debit cards, that ...

  6. Interchange fee - Wikipedia

    en.wikipedia.org/wiki/Interchange_fee

    An interchange fee is a fee paid between banks for the acceptance of card-based transactions. Usually for sales/services transactions it is a fee that a merchant's bank (the "acquiring bank") pays a customer's bank (the "issuing bank").

  7. Monarch owner: Credit card ‘swipe fees’ are swiping too much ...

    www.aol.com/monarch-owner-credit-card-swipe...

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  8. Contactless payment - Wikipedia

    en.wikipedia.org/wiki/Contactless_payment

    EMV contactless symbol used on compatible payment terminals. EMV stands for "Europay, Mastercard, and Visa", the three companies that created the standard.Contactless payment systems are credit cards and debit cards, key fobs, smart cards, or other devices, including smartphones and other mobile devices, that use radio-frequency identification (RFID) or near-field communication (NFC) for ...

  9. Supreme Court 'swipe fees' ruling may open US regulations to ...

    www.aol.com/news/supreme-court-swipe-fees-ruling...

    Swipe fees, also called interchange fees, reimburse banks for costs involved in offering debit cards. The fees are determined by Visa, MasterCard and other card networks, with a cap of 21 cents ...

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