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Term

Electronic Payment

Payments Banking SoftPOS

Electronic Transaction - A transaction processed through electronic means, as opposed to cash or paper checks. Includes cards, e-wallets, transfers, and other digital methods.

Related Terms

Contactless Payment

Contactless Payment - A payment method that lets users buy goods and services with a debit/credit card or mobile device via NFC, without inserting the card or entering a PIN.

EMV

EMV - The global standard for chip-based cards that authenticate and secure transactions. The name comes from its three co-founding card organizations: Europay, Mastercard, and Visa.