Process of electronically authorizing, capturing and settling a credit card transaction
Entering and processing the sales drafts by electronic means. In some retail stores, credit card sale authorizations are acquired at the time of the purchase. Sale drafts are captured by sending the sales draft data from the Point of Sale terminal to be processed at the end of the day. In online payment schemes, capture is used to denote the electronic deposit of the sales draft with the acquiring bank.
On-line terminal automatically linked to Bangkok Bank's automatic authorization credit card system that provides real-time transaction validations.
the use of a POS terminal for validating and submitting credit card transactions to a merchant account provider or other credit card processor. In online credit card processing, software takes the place of the POS terminal.
Using a Point of Sale (POS) terminal to submit credit card transaction information to a merchant account provider.
using a credit card terminal for submitting credit card information to a merchant account provider.
To use a Point of Sale (POS) terminal for submitting credit card transaction information to a merchant account provider.