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.