0
all of them? There are several.
Firstit reads the card info from the magstripe, and transmits that info, along with purchase amount, and purchase type ('merchant' for most, but some transactions can be classified as cash withdrawls), then it hits negative auth table that checks if the card is lost or stolen. Then it hits the standard authorization tables and decides whether or not to authorize the transaction based on available balance on the card, and whether or not there are any 'fraud flags' on the transaction - location and merchant type, distance to last spend, international spend, spend in last 6 hours, 24 hours, 48 hours, etc. Then it sends back an approval or denial doe to the POS, and the transaction is either approved or denied, and gives a reason why. Then the transaction is closed with a 'resolution code' that confirms that the transaction that was approved actually took place.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
What is the difference in the receipt received by a customer from a cash register versus a point of sale terminal?
jkghjfkdshgjfdhg
What does point of sale mean on a mini statement?
what does point of sale mean on a mini bank slip
when is considered the point of sale during a transaction?
It is the moment where the register immediately takes the cash from your back account. This is what a point of sale refers to. I hope that this will help you out.
What Point of Sale system is right for a small business?
A computerized Point of Sale system is the best for all businesses. It allows you to keep a record of sales,increases productivity,and lets you know where the business stands at any point in time.
How do point of sale systems work?
Point of sale systems work to decrease costs and improve customer service. They provide features to improve your business and save you money and help you to manage your time.
Is point-of-sale hyphenated?
Only if you are using it to describe something: a point-of-sale terminal.
What is a point of sale terminal?
A cash register.
What is point of sale terminal?
A cash register.
What are the two input devices that are regularly used at point of sale?
POS terminal means Point Of Sale terminal.keyboardbarcode scanner/reader
What is a point sale machine?
Point Of Sale (POS) machine is a terminal or part of the checkout process that processes credit or debit cards and finalizes the transaction.
What is point of sale cash Advance?
This is pos sale cash advance where a customer obtain money from his/her credit card at pos terminal.
What is the difference in the receipt received by a customer from a cash register versus a point of sale terminal?
jkghjfkdshgjfdhg
Where might one learn more about a POS terminal?
A POS or a point of sale terminal is used for retail transactions. Usually when a person begins working somewhere they will receive training on how to use the POS terminal.
What do you need to have to work in a retail store?
point of sale terminal scanner and bar codes docket printers pricing guns
What is a point of sale machine?
Point Of Sale (POS) machine is a terminal or part of the checkout process that processes credit or debit cards and finalizes the transaction.
A terminal used for electronic processing of payment transactions in a retail outlet?
POS or Point Of Sale.
What is meant by a point of sale terminal?
This is when a sale is final. The retailer will read the customers bank information and the cash is taken out of the account. This transaction will usually take 2 to 4 days depending on the bank.
