There are currently two ways that debit card transactions are processed by credit card software: online debit cards and offline debit cards. Online debit cards are essentially enhanced automatic teller machine (ATM) cards, as they use the same personal identification number (PIN) authentication system and debits are reflected in the user’s account immediately.
Month: November 2012
Weak security in payment industry opens door to credit card thefts. More than 70 retailers and payment processors have disclosed breaches since 2006, involving tens of millions of credit and debit card numbers, according to the Privacy Rights Clearinghouse. Meanwhile, many others likely have been breached and didn’t detect it. Even the companies that had […]
In marketing generally and in retailing more specifically, a loyalty card, rewards card, points card, or club card is a plastic card, visually similar to a credit card or debit card, that identifies the card holder as a member in a commercial incentives programme. In the United Kingdom it is typically called a loyalty card, […]
POS or PoS is an acronym for point of sale (or point of service). This can mean a retail shop, a checkout counter in a shop, or a variable location where a transaction occurs. In Europe, the acronym EPOS for Electronics at the Point Of Sale is used in preference.