Name | Value |
---|---|
NAME | 5895-433131 |
LIFE EXPECTANCY | 10 |
BRIEF DESCRIPTION | TERMINAL CREDIT CARD |
NOMENCLATURE | TERMINAL, CREDIT CARD PROCESSING. AN ITEM DESIGNED TO COLLECT AND ELECTRONICALLY READ PREVIOUSLY ENCODED DATA FROM THE MAGNETIC STRIP OF CREDIT CARDS AND TRANSMIT COST OF TRANSACTION TO CREDIT CARD ISSUING BANK. THE DATA IS DIRECTLY MACHINE READABLE WHILE STILL BEING READABLE BY PEOPLE. IT VERIFIES THE AUTHORIZATION OF CREDIT AT THE POINT OF TRANSACTION/PAYMENT. UNIT CONSISTS OF CARD SLOT, CHARACTER DISPLAY, A KEYBOARD, AND A BUILT-IN MODEM. |