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  2. Payment terminal - Wikipedia

    en.wikipedia.org/wiki/Payment_terminal

    PAX Technology S90 credit card terminal with a Visa card inserted.. 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" [1]), is a device which interfaces with payment cards to make electronic funds transfers.

  3. Merchant account - Wikipedia

    en.wikipedia.org/wiki/Merchant_account

    A typical credit card terminal popular in 2005, now typically out of use and of a style/era usually non-compliant per PCI-DSS standards. A credit card terminal is a stand-alone piece of electronic equipment that allows a merchant to swipe or key-enter a credit card's information as well as additional information required to process a credit card transaction.

  4. Card scheme - Wikipedia

    en.wikipedia.org/wiki/Card_scheme

    The payment processing company imparts and transfers data for a client's credit or debit card to both the issuing and acquiring bank. The processor likewise checks for security issues, ensuring that the client's card information is right, and all data is entered correctly. Also, the same party deals with incorrect or accidental charges.

  5. Credit card - Wikipedia

    en.wikipedia.org/wiki/Credit_card

    Do not pay fraudulent charges on the US credit cards. Card-issuing bank: The financial institution or other organization that issued the credit card to the cardholder. This bank bills the consumer for repayment and bears the risk that the card is used fraudulently.

  6. Discover Card - Wikipedia

    en.wikipedia.org/wiki/Discover_Card

    Discover is the third largest credit card brand in the U.S., with 60.6 million cardholders or about 8% of cards in circulation, placing it well behind Visa (48%) and Mastercard (36%), but slightly ahead of American Express (7.5%).

  7. Chase Paymentech - Wikipedia

    en.wikipedia.org/wiki/Chase_Paymentech

    After the merger with Bank One in 2004, JPMorgan Chase and Paymentech were integrated into Chase Merchant Services. Chase Mobile Checkout product was launched in May 2013 and allowed businesses to accept credit and debit cards via smartphone with their mobile app and card reader. [5]

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