Customers can access balance and other card information through a 1-800 line or at store
point-of-sale terminals.
But new technology, such as
point-of-sale terminals using photo-imaging technology, can virtually eliminate the unauthorized use of credit cards and checks.
Neovia prompts receivers to open their own NETELLER account and withdraw the funds via bank transfer, cheque, bank wire or through the Net + card which can be used at ATMs and
point-of-sale terminals.
Barclays Bank and NSE traders have formed a partnership that authorises the traders to take share purchase payments on credit and debit cards with
point-of-sale terminals. Card holders can now buy shares using their cards with both stockbrokers and investment banks.
The installed base of
point-of-sale terminals now exceeds 115,000, and that figure is expected to double within the next five to ten years.
The Kyocera 200 Module is designed to enable M2M and telemetry applications such as vehicle location, SCADA, asset tracking, remote metering or security, wireless vending, exception reporting and wireless
point-of-sale terminals. The module is equipped with trimode capability (including AMPS), A-GPS position location capability and support for IS-2000 data rates.
Recipients get a reloadable stored-value card in the mail, called an i-Kard, that can be used at ATM and
point-of-sale terminals in 170 countries.
The new contracts covered the supply of Metro Broadband Backbone Network router systems to a major Malaysian telecommunications operator and the supply of
point-of-sale terminals and leaseline equipment to a commercial bank in Malaysia.
CyberCash founder and CEO Bill Melton explained that the long-term future of software-based payment systems seems to him to be far more promising than that of hardware, such as cash registers and
point-of-sale terminals. Tellan's products fit nicely into this vision, including as they do MacAuthorize, PCAuthorize and WebAuthorize.