December 7 2010 -press release Sets new benchmark for high-performance, mobile payment systems geared for the future PARIS–(BUSINESS WIRE)– CARTES & IDentification 2010–Hypercom Corporation (NYSE:HYC – News) today introduced the M5000 mobile payment terminal, the next generation multipurpose mobile payment system whose futureproof features...
Business owners who need to provide remote acceptance have always faced the challenges of working in the field, as comforts such as power and telephone lines are not always assured. The need to accept credit cards is perfectly clear to trade show merchants, and...
The proliferation of the cell phone has all but killed the traditional land-line communication businesses that existed up until the 1990s. It has become rare to see banks of pay telephones in hotel lobbies, homes have turned to IP phone services such as Vonage,...
Wireless credit card processing provides one of the most advanced and convenient ways for restaurants to process credit card payments. Credit card fraud and identity theft have grown into a major problem for merchants and their customers. Restaurant waitstaff equipped with portable, wireless credit...
Refining a process to be more efficient is a goal of almost all endeavors. From the ordered brilliance of McDonalds food production process to saving time doing household chores, saving time by refining small steps can influence the greater whole. Recently, the idea of...
Acquirer The financial institution that establishes and maintains the merchant’s account. Address verification service (AVS) A service that verifies the numbers in the cardholder’s address. One method of reducing fraud risk. Authorization The process of verifying an account and the availability of credit. Average...
The VeriFone Nurit 8020 was dropped off unceremoniously in our lab today, by a UPS driver who had no idea what was in the box. We had been looking forward to checking out the 8020, which replaces the older Nurit 8000s in VeriFone’s wireless...
The cell phone has become ubiquitous in American society. Everyone has one, and it has surpasses cable TV as a luxury that cannot be lived without. With card-by-phone processing schemes, the cell phone can replace the need for a dedicated card processing terminal. For...
One of the last businesses that you could only pay cash that existed in the United States and abroad is quickly turning into a place where you can now swipe your credit or debit card. Incredibly, thanks to the growth in the market for...
When discussing credit and debit terminals, some terms come up continuously, while others are more obscure. Some manufacturers refer to terminal technology in proprietary terms. Merchants considering a particular model of terminal need to be able to compare and contrast the features and benefits...