How card processing works When a customer pays for products or
services with a credit card, the card information is recorded—either by
manual entry, a card imprinter, point-of-sale (POS) terminal, or
virtual terminal—and then verified so that the merchant can receive
payment for the transaction.This process involves the following
parties:Cardholder: the owner of the card used to make a
purchaseMerchant: the business accepting credit card payments for
products or services sold to the cardholderAcquirer: the financial
institution or other organization that provides card processing
services to the merchantCard association: a network such as VISA® or
MasterCard® (and others) that acts as a gateway between the acquirer
and issuer for authorizing and funding transactionsIssuer: the
financial institution or other organization that issued the credit card
to the cardholderThe flow of information and money between these
parties—always through the card associations—is known as the
interchange, and it consists of a few steps.
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Read more... [Credit Card Processing]
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Point of sale (POS) software is commonly used in millions of
retail businesses through out the world. And there are thousands of
different POS software programs to choose from...
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Read more... [What is POS Software?]
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POSitive for Windows is very "hardware friendly" and runs well on PC's built within the last few years. You will find information on recommended computer configurations and tested POS hardware here.
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