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36:
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There are three main global players who offer both a wide range of payment terminals, sell worldwide, and continue to develop to the latest international payment industry standards. In most countries terminals are provided to merchants via a multitude of distributors that support and pre-configure
373:
was established in Israel. Lipman manufactured the Nurit line of processing terminals. Because of
Verifone's already firm place in the payment processing industry when Lipman was established, Lipman targeted an untapped niche in the processing industry. While, Lipman held about a 10% share in wired
384:
in France and developed their first payment terminal in 1984. Its
Barcelona-based R&D unit would lead the development of payment terminals for the next decade. Ingenico, through a number of acquisitions, would dominate the European market for payment terminals for a number of years. They
225:
systems so that payment amounts and confirmation of payment can be transferred automatically to the merchant's retail management system. Terminals can also be used in stand alone mode, where the merchant keys the amount into the terminal before the customer present their card and
309:(also known as ZipZap machines) to capture the information from the embossed information on a credit card onto a paper slip with carbon-paper copies. These paper slips had to be taken to the bank for processing. This was a cumbersome and time-consuming process.
595:), although this is rarely seen on smartphone readers. In case the necessary hardware is unavailable, these applications usually support manual entry of the card number and other data. In addition, more and more devices are beginning to offer built-in
253:
when a connection becomes available; the major drawback to this is that immediate authorization is not available at the time the card was processed, which can subsequently result in failed payments. Wireless terminals transmit card data using
277:. The development of payment terminals was led by the advantage of efficiency by decreased transaction processing times and immediate authorisation of payments. In terms of security, terminals provide end to end card data
220:
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
370:
400:
where an electronic chip was embedded in the card. This was done for added security and required the card to be inserted into the credit card terminal. In the late 1990s and early 2000s
396:
Initially, information was captured from the magnetic strip on the back of the card, by swiping the card through the terminal. In the late 1990s, this started to be replaced by
331:. It started in 1981 in Hawaii as a small electronic company. In 1983 they introduced the ZON terminal series, which would become the standard for modern payment terminals.
1688:
312:
Point of sale terminals emerged in 1979, when Visa introduced a bulky electronic data capturing terminal which was the first payment terminal. In the same year
683:
377:
Verifone would later acquire both of these major rivals, acquiring Lipman in 2006 and the payment part of the
Hypercom business including its brand in 2011.
316:
were added to credit cards for the first time. This allowed card information to be captured electronically and led to the development of payment terminals.
811:
572:
374:
credit card terminals, they were the undisputed leader, with more than 95% share in wireless processing terminals in the late 1990s.
767:
975:
100:
837:
620:
72:
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and auditing functions. Nevertheless, there have been some cases of POS pin pad malware. There have also been incidence of
1165:
79:
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at card terminals and this led to the move away from using the magnetic strip to instead capturing information using
119:
53:
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86:
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17:
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systems were introduced and the payment terminals were updated to include the ability to read these cards using
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for processing payments without the card being present, for example when taking payments over the phone.
242:
193:, a screen, a means of capturing information from payments cards and a network connection to access the
1663:
1505:
968:
273:
Prior to the development of payment terminals, merchants would capture card information manually using
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in 1978 and in 1982 started producing dedicated payment terminals. It went on to dominate the
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A merchant can replace the functionality of dedicated credit card terminal hardware using a
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888:"How the Top 3 Card Machine Manufacturers are Redefining the Payment Industry"
547:
493:, many payment terminals are also equipped with raised tactile buttons and an
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1103:
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1038:
657:
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222:
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which stands for "Process Data
Quickly"), is a device which interfaces with
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payment methods, often without requiring additional external hardware.
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data to the application, while there are also some that also work with
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209:
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to provide its terminals to them in the US. To consolidate the deal,
327:
One of the first companies to produce dedicated payment terminals was
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768:"A First Look at the Target Intrusion, Malware – Krebs on Security"
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Prior to the development of payment terminals, merchants would use
201:
1510:
1098:
1078:
482:
421:
359:
347:
380:
In 1980, Jean-Jacques
Poutrel and Michel Malhouitre established
185:. The terminal typically consists of a secure keypad (called a
1271:
1180:
1115:
652:
420:
An older generation
Ingenico credit card terminal and separate
335:
186:
168:
1306:
1185:
1170:
634:
bypass the need for payment terminals altogether, relying on
551:
A touch screen based VeriFone MX 915 series payment terminal.
497:
which allow the blind to audibly finish the payment process.
259:
238:
742:"ATM 'Shimmers' Target Chip-Based Cards — Krebs on Security"
217:
393:
payment terminal activity as well as German Epos in 2001.
1586:
592:
286:
233:
The majority of card terminals today transmit data over
362:
in the US. It then faced head-to-head competition with
245:
or
Ethernet connections. Some also have the ability to
571:. The payment acceptance applications are also called
60:. Unsourced material may be challenged and removed.
983:
1498:
1689:Telecommunications-related introductions in 1979
1655:
911:"App turns Google Nexus phone into payment tool"
323:A typical counter-top payment terminal from 2007
714:"Ingenico Group – Expertise – Pay-at-the-Table"
301:A typical fixed install card terminal from 2006
138:PAX Technology S90 credit card terminal with a
908:
969:
212:information and to transmit this data to the
249:transactional data to be transmitted to the
976:
962:
460:Remote initialisation and software update
120:Learn how and when to remove this message
546:
504:
472:Pen or PIN authorization by the customer
415:
358:moved its head office from Australia to
318:
296:
133:
681:
350:region. The company signed a deal with
270:in remote areas and onboard airplanes.
14:
1656:
500:
957:
863:"Talking ATM Overview – Wells Fargo"
736:
734:
241:. Legacy terminals communicate over
58:adding citations to reliable sources
29:
27:Device for electronic fund transfers
579:. They usually work with dedicated
509:Legacy generation payment terminal
411:
371:Lipman Electronic Engineering, Ltd.
24:
1131:European Payments Initiative (EPI)
25:
1700:
1121:Electronic Payment Services (EPS)
731:
334:Hungarian-born George Wallner in
909:Whitney, Lance (24 March 2011).
34:
925:
902:
630:systems such as those based on
542:
45:needs additional citations for
1612:Personal identification number
880:
855:
830:
804:
790:"Hypercom Corporation History"
782:
760:
706:
682:Transversal, James Leslie at.
675:
514:devices to operate with local
228:personal identification number
13:
1:
668:
369:Over a decade later in 1994,
1449:Card not present transaction
1333:Credit card balance transfer
684:"Ask Barclaycard a question"
200:A payment terminal allows a
152:point of sale (POS) terminal
7:
641:
469:Multi-merchant capabilities
10:
1705:
603:technology to accommodate
591:(using technology such as
292:
183:electronic funds transfers
1630:
1564:
1533:
1472:
1459:Controlled payment number
1441:
1413:
1385:
1315:
1214:
1054:
999:
491:automated teller machines
478:Secure password operation
433:mail and telephone order)
173:(or by the older term as
1592:Hardware security module
1572:Automated teller machine
1358:Current/checking account
812:"Ingenico – Our history"
455:near field communication
406:near field communication
1669:Credit card terminology
638:and a printed QR code.
441:Refunds and adjustments
243:standard telephone line
1617:Secure cryptoprocessor
552:
520:financial institutions
510:
425:
385:acquired French based
324:
302:
143:
1582:Credit card imprinter
1556:Credit card hijacking
688:ask.barclaycard.co.uk
550:
508:
447:(including automatic)
419:
322:
300:
137:
1602:Magnetic stripe card
557:terminal application
431:customer not present
366:on its home market.
204:to capture required
54:improve this article
1679:Japanese inventions
1577:Contactless payment
1323:Payment card number
746:krebsonsecurity.com
501:Major manufacturers
402:contactless payment
197:for authorization.
156:credit card machine
1674:Banking technology
1541:Card security code
1499:Interbank networks
1136:Forbrugsforeningen
867:www.wellsfargo.com
818:on 24 October 2020
792:. Funding Universe
616:payment processors
583:that can transfer
553:
511:
475:Surcharge function
426:
408:(NFC) technology.
325:
303:
268:satellite networks
150:, also known as a
144:
69:"Payment terminal"
1664:Merchant services
1651:
1650:
1597:Interbank network
1551:Credit card fraud
1529:
1528:
1433:Universal default
1428:Introductory rate
1348:Revolving account
770:. 16 January 2014
748:. 27 January 2017
621:virtual terminals
466:(POS) integration
450:Pre-authorisation
307:manual imprinters
251:payment processor
214:merchant services
130:
129:
122:
104:
16:(Redirected from
1696:
1607:Payment terminal
1546:Chargeback fraud
1496:
1495:
1343:Installment loan
1328:Card association
1277:Rail Travel Card
1007:American Express
978:
971:
964:
955:
954:
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814:. Archived from
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724:
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704:
703:
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694:on 31 March 2019
690:. Archived from
679:
632:QR code payments
581:hardware readers
516:payment networks
412:Typical features
352:American Express
342:, founded rival
314:magnetic stripes
237:connections and
235:cellular network
148:payment terminal
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38:
30:
21:
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1684:Payment systems
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1363:Savings account
1353:Deposit account
1311:
1282:Revolution Card
1210:
1057:specialty cards
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995:
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838:"iSC Touch 480"
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680:
676:
671:
663:QR code payment
644:
585:magnetic stripe
545:
503:
457:enabled devices
453:Payments using
437:Tips/gratuities
429:Key entry (for
414:
295:
275:ZipZap machines
195:payment network
189:) for entering
126:
115:
109:
106:
63:
61:
51:
39:
28:
23:
22:
18:EFTPOS terminal
15:
12:
11:
5:
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1643:Acquiring bank
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648:Smart terminal
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628:Mobile payment
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532:PAX Technology
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142:card inserted.
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1232:Carte Blanche
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1217:
1215:Defunct cards
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693:
689:
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659:
658:Point of sale
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609:mobile device
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598:
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582:
578:
577:point of sale
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566:
565:mobile device
562:
559:running on a
558:
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533:
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521:
517:
507:
498:
496:
495:earphone jack
492:
484:
480:
477:
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468:
465:
464:Point of sale
462:
459:
456:
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449:
446:
443:
440:
438:
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432:
428:
427:
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418:
409:
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399:
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389:and UK based
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179:payment cards
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74:
71: –
70:
66:
65:Find sources:
59:
55:
49:
48:
43:This article
41:
37:
32:
31:
19:
1638:Issuing bank
1606:
1423:Grace period
1395:Cash advance
1338:Credit limit
1146:Hyundai Card
1055:Regional and
942:13 September
940:. Retrieved
937:Verifone.com
936:
927:
915:. Retrieved
904:
892:. Retrieved
890:. ExpertSure
882:
872:13 September
870:. Retrieved
866:
857:
847:13 September
845:. Retrieved
841:
832:
820:. Retrieved
816:the original
806:
794:. Retrieved
784:
772:. Retrieved
762:
752:13 September
750:. Retrieved
745:
723:13 September
721:. Retrieved
717:
708:
698:28 September
696:. Retrieved
692:the original
687:
677:
626:
619:
613:
575:or software
573:tap-on-phone
567:, such as a
554:
543:Alternatives
512:
488:
395:
379:
376:
368:
333:
326:
311:
304:
272:
232:
216:provider or
199:
175:PDQ terminal
174:
167:
163:
159:
155:
151:
147:
145:
131:
116:
107:
97:
90:
83:
76:
64:
52:Please help
47:verification
44:
1490:Card scheme
1473:Interchange
1237:Carte Bleue
1109:Diners Club
1000:Major cards
993:debit cards
894:29 December
842:ingenico.us
822:28 December
718:ingenico.us
636:smartphones
605:contactless
589:smart cards
485:attachments
481:Additional
398:smart cards
289:standards.
160:card reader
1658:Categories
1622:Smart card
1565:Technology
1454:Chargeback
1400:Charge-off
1262:Everything
1012:Mastercard
796:8 December
669:References
569:smartphone
445:Settlement
279:encryption
266:, or even
210:debit card
110:April 2016
80:newspapers
1485:Surcharge
1089:Cabcharge
1069:AzeriCard
774:19 August
424:from 2006
391:De La Rue
340:Australia
256:Bluetooth
1534:Security
1415:Interest
1405:Debt-lag
1370:ATM card
1316:Accounts
1257:Eurocard
1242:Chipknip
1227:Bankcard
1196:UnionPay
1151:Isracard
1141:Girocard
1104:Discover
1084:BCA Card
1074:Bancomat
1039:Electron
933:"MX 915"
917:24 March
642:See also
537:VeriFone
527:Ingenico
382:Ingenico
364:VeriFone
356:Hypercom
344:Hypercom
329:Verifone
283:skimming
264:cellular
202:merchant
181:to make
171:terminal
1631:Banking
1511:Interac
1464:Dispute
1442:Payment
1252:enRoute
1099:Dankort
1079:BC Card
1022:Maestro
483:PIN pad
360:Arizona
348:Oceania
293:History
230:(PIN).
164:PIN pad
94:scholar
1506:Cirrus
1302:Proton
1292:Switch
1272:Mondex
1247:Choice
1222:Access
1181:PayPak
1116:EFTPOS
989:charge
985:Credit
913:. CNET
653:EFTPOS
618:offer
422:keypad
336:Sydney
206:credit
187:PINpad
169:EFTPOS
96:
89:
82:
75:
67:
1516:Pulse
1307:V Pay
1267:Laser
1206:Verve
1186:RuPay
1171:Meeza
1034:Debit
1017:Debit
614:Some
489:Like
260:Wi-Fi
247:cache
239:Wi-Fi
101:JSTOR
87:books
1521:Plus
1387:Debt
1375:Fees
1287:Solo
1201:UATP
1191:Troy
1176:NETS
1166:MEPS
1064:ArCa
1044:Cash
1029:Visa
991:and
944:2017
919:2015
896:2017
874:2017
849:2017
824:2016
798:2015
776:2021
754:2017
725:2017
700:2017
597:RFID
387:Bull
218:bank
208:and
140:Visa
73:news
1587:EMV
1480:Fee
1297:PIN
1161:Mir
1156:JCB
1126:Elo
607:or
601:NFC
599:or
593:EMV
563:or
518:or
287:EMV
191:PIN
56:by
1660::
1094:CB
987:,
935:.
865:.
840:.
744:.
733:^
716:.
686:.
561:PC
522:.
338:,
262:,
258:,
166:,
162:,
158:,
154:,
146:A
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970:t
963:v
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921:.
898:.
876:.
851:.
826:.
800:.
778:.
756:.
727:.
702:.
123:)
117:(
112:)
108:(
98:·
91:·
84:·
77:·
50:.
20:)
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