Terminals
A typical high street retailer will support payment capture with a counter-top chip and PIN terminal, utilising a landline connection to their chosen acquirer.
When the chip and PIN card is presented, the terminal captures all necessary card data and provides prompts to the merchant operator throughout the transaction flow process.
A typical process is shown in the simple step-by-step process below:
- The customer’s card is placed in the terminal that captures the card’s details.
- The cardholder authenticates themselves by putting in their PIN.
- The terminal passes the card’s details onto the merchant’s acquiring bank.
- The acquiring bank passes the details onto the card’s issuer who, if required, provides an authorisation that is then passed back to the terminal.
- The terminal prints out two copies of the till receipt.
- The customer is given the goods they have purchased, their card and a copy of the terminal receipt.
- The merchant keeps a copy (merchant copy) of the terminal receipt for their records.
- After processing the transactions, the sale proceeds are credited to the merchant’s bank account within four working days.
The links below sets out the different types of terminal a merchant can source and the range of additional services an acquiring bank could provide over and above a standard terminal installation. Please click on the links below to find out more:
Integrated Point Of Sale Terminal
If you would like more information regarding certain terminal options, please contact your terminal supplier or acquirer.
