|
Electronic Protocols Application Software
Electronic Protocols Application Software (EPAS) was a European non-commercial cooperation initiative which developed a series of data protocols to be applied in a point of sale (POS) environment. This included the protocols used by payment terminals and card payment systems. The project focused on three protocols; a terminal management protocol, a retailer application protocol and an acquirer protocol. In 2024, EPAS was merged with two other organizations to create Nexo Specifications. History The organization was launched in 2005, and took over some of the work done on payment terminal standards in Germany by the Open Payment Initiative. The initiative was structured along three following main phases: *Phase I : development of technical specifications and issuance of standards (2006 - mid-2007) *Phase II : development of software and provision of test tools (2007 – 2008) *Phase III : construction of demonstrators (2008) In 2012, it was merged with the OSCar consortium an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Point Of Sale
The point of sale (POS) or point of purchase (POP) is the time and place at which a retail transaction is completed. At the point of sale, the merchant calculates the amount owed by the customer, indicates that amount, may prepare an invoice for the customer (which may be a cash register printout), and indicates the options for the customer to make payment. It is also the point at which a customer makes a payment to the merchant in exchange for goods or after provision of a service. After receiving payment, the merchant may issue a receipt, as proof of transaction, which is usually printed but can also be dispensed with or sent electronically. To calculate the amount owed by a customer, the merchant may use various devices such as weighing scales, barcode scanners, and cash registers (or the more advanced "POS cash registers", which are sometimes also called "POS systems"). To make a payment, payment terminals, touch screens, and other hardware and software options are avail ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Payment Terminal
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"), is a device which interfaces with payment cards to make electronic funds transfers. The terminal typically consists of a secure keypad (called a PINpad) for entering PIN, a screen, a means of capturing information from payments cards and a network connection to access the payment network for authorization. A payment terminal allows a merchant to capture required credit and debit card information and to transmit this data to the merchant services provider or bank for authorization and finally, to transfer funds to the merchant. The terminal allows the merchant or their client to swipe, insert or hold a card near the device to capture the information. They are often connected to point of sale systems so that payment amounts and confirmation of payment can be transferred aut ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Open Payment Initiative
The Open Payment Initiative, or O.P.I. for short, was launched by Diebold Nixdorf (who were Wincor Nixdorf at the time) in 2003 to standardize the application interface between the electronic point of sale (EPOS) application and any cashless payments solution installed on the electronic funds transfer at point of sale (EFTPOS) payment terminal. The specification for this interface focused mainly on international and cross-industry aspects. The interface made it possible to integrate varying EFT/PoS solutions in European POS projects for the first time. During the development of the first release, and to promote the adoption of the standard, Diebold donated the specification and associated intellectual property to the International Forecourt Standards Forum (IFSF) and worked together with IFSF members to launch the specification as the IFSF POS-EPS Standard in 2002. The O.P.I specification, launched in 2003, was based on the IFSF POS-EPS standard and subject to IFSF intellectual pr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ingenico
Ingenico is a French merchant services technology company, that facilitates secure Electronic Funds Transfer, electronic transactions. The company expanded as a manufacturer of point of sale (POS) payment terminals to also include complete merchant payment Software as a service, SaaS and related services. History Ingenico was founded in France by Jean-Jacques Poutrel and Michel Malhouitre in 1980. It is headquartered in Suresnes, France. In 2008, after the merger resulting in The Ingenium Group, Ingenico closed its R&D centre in Barcelona. This centre developed Ingenico's suite of EFTPOS (Electronic funds transfer at point of sale). In 2008, Ingenico acquired 55% of Fujian Landi, a Chinese EFTPOS vendor. 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. Ingenico acquired German payment processor Easyc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
VeriFone
Verifone, Inc. is an American multinational corporation headquartered in New York City, New York. Verifone provides technology for electronic payment transactions and value-added services at the point of sale, point-of-sale. Verifone sells merchant-operated, consumer-facing and self-service payment systems to the financial, retail, hospitality, petroleum, government and healthcare industries. The company's products consist of EFTPOS terminal, POS electronic payment devices that run its own operating systems, security and encryption software, and certified payment software, and that are designed for both consumer-facing and unattended environments. Its products process a range of payment types, including signature and personal identification number (PIN)-based debit cards, credit cards, contactless/Radio-frequency identification, radio frequency identification cards, smart cards, prepaid gift and other stored-value cards, electronic bill payment, check authorization and conversio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wincor Nixdorf
Wincor Nixdorf was a German corporation that provided retail and retail banking hardware, software, and services. Wincor Nixdorf was engaged primarily in the sale, manufacture, installation and service of self-service transaction systems (such as ATMs), retail banking equipment, lottery terminals, postal terminals, software and services for global financial and commercial markets. Following Wincor Nixdorf's IPO in May 2004, KKR and Goldman Sachs sold all of their shares. In total, KKR received over €685 million, broken down into €160 million in dividends in 2004, €225 million (two-thirds of stock market proceeds) in 2005, and €300 million in sales proceeds, also in 2005. During the five years that the Company was owned by KKR and Goldman Sachs, the number of employees at Wincor Nixdorf increased from 3,400 to 6,300. In October 2015, Wincor Nixdorf’s cashless Payments unit was carved out of the group and started trading independently under the name of AEVI. On August ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
EFTPOS
Electronic funds transfer at point of sale, abbreviated as EFTPOS (), is a type of payment transaction in which 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). EFTPOS technology was developed during the 1980s. As a payment network In Australia and New Zealand, EFTPOS is also the brand name for the interbank electronic payment system network used for facilitating eftpos types of payments. Other countries use different brand names for their EFTPOS systems, such as NETS in Singapore, Interlink in the United States or Link in the UK. Since the early 2010s, country specific EFTPOS systems have been overtaken by global EMV based systems with contactless payments or QR code payment systems. The payment cards used by EFTPOS systems are plastic cards complying with ISO/IEC 7810 ID-1 standard that have a bank card number conforming ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wire Transfer
Wire transfer, bank transfer, or credit transfer, is a method of electronic funds transfer from one person or entity to another. A wire transfer can be made from one bank account to another bank account, or through a transfer of cash at a cash office. Different wire transfer systems and operators provide a variety of options relative to the immediacy and finality of settlement and the cost, value, and volume of transactions. Central bank wire transfer systems, such as the Federal Reserves Fedwire system in the United States, are more likely to be real-time gross settlement (RTGS) systems, as they provide the quickest availability of funds. This is because RTGS systems, such as Fedwire, post each transaction individually and immediately to the electronic accounts of participating banks maintained by the central bank. Other systems, such as the Clearing House Interbank Payments System (CHIPS), provide net settlement on a periodic basis. More immediate settlement systems te ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Electronic Funds Transfer
Electronic funds transfer (EFT) is the transfer of money from one bank account to another, either within a single financial institution or across multiple institutions, via computer-based systems. The funds transfer process generally consists of a series of electronic messages sent between financial institutions directing each to make the debit and credit accounting entries necessary to complete the transaction. An electronic funds transfer starts when the sending customer send an electronic instruction with the purpose of making payment to the beneficiary or the receiving customer. Process According to the United States Electronic Fund Transfer Act of 1978 it is "a funds transfer initiated through an electronic terminal, telephone, computer (including on-line banking) or magnetic tape for the purpose of ordering, instructing, or authorizing a financial institution to debit or credit a consumer's account". EFT transactions are known by a number of names across countries a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ERIDANE
A smart card (SC), chip card, or integrated circuit card (ICC or IC card), is a card used to control access to a resource. It is typically a plastic credit card-sized card with an embedded integrated circuit (IC) chip. Many smart cards include a pattern of metal contacts to electrically connect to the internal chip. Others are contactless, and some are both. Smart cards can provide personal identification, authentication, data storage, and application processing. Applications include identification, financial, public transit, computer security, schools, and healthcare. Smart cards may provide strong security authentication for single sign-on (SSO) within organizations. Numerous nations have deployed smart cards throughout their populations. The universal integrated circuit card (UICC) for mobile phones, installed as pluggable SIM card or embedded eSIM, is also a type of smart card. , 10.5billion smart card IC chips are manufactured annually, including 5.44billion SIM card IC chi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
