A Visa debit card. All Electron purchases are subject to electronic authorisation.
The internationally-agreed standard for chip payment cards, originally agreed by Europay, MasterCard and Visa. EMV standards are maintained by EMVCo, an organisation owned and managed by MasterCard, Visa and JCB.
Encryption is also used to protect data in transit, for example data being transferred via internet networks. Encrypting data in transit also helps to secure it as it is often difficult to physically secure all access to networks.
End of day
This is an action that merchants manually performs at the end of their trading day and is at a time or during a period agreed with their acquirer. This period is also known as the banking window.
ETU (Electronic mobile top up)
Merchants can use their terminals that provide this functionality to allow card holders to top up their mobile phone account using their plastic cards.
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