lectronic raft apture - the use of a point-of-sale device to authorize and settle credit card transactions.
Electronic Draft Capture. Process of electronically authorizing, capturing, and settling a payment card transaction. The POS terminals are a form of EDC.
electronic data capture/collection
Electronic Draft Capture. A system in which transaction data is electronically captured at the merchant location and transmitted for authorization and clearing processing.
Electronic Damper Control
Electronic Digital Computer
Electronic Damping Control.
Electronic Draft Capture. The processing and financial settlement of credit card transactions through electronic means.
POS device that authorizes and settles credit card transactions.
Process of electronically authorizing and capturing data typically in a credit card transaction using the information necessary which is encoded in the magnetic strip of a bank card. Electronic Document Management : The same as document management, but with the addition of electronic versions of documents.
A system in which each transaction is routed to the MasterCard and Visa host computer for processing and storage. The stored transactions are used to create settlement files and transaction reports.
Electronic Draft Capture - the use of a point-of-sale device to authorize and settle credit card transactions.
(Electronic Data Capture) The use of a POS terminal for submitting credit card transactions to an acquiring bank or to any other credit card processor. For online credit card processing or for orders that are phoned in, proprietary software takes the place of the POS terminal.
Electronic Data Capture. On-line terminal automatically linked to Bangkok Bank's automatic authorization credit card system that provides real-time transaction validations.
See Electronic Draft Capture.
Electronic Draft Capture. EDC is a point-of-sale terminal that reads the information encoded in the magnetic stripe of bankcards. These terminals electronically authorize and capture transaction data, eliminating the need for a paper deposit.
Electronic Draft Capture. the system, in which the transactions are transferred from different places to the central computer (Host Computer) for the storage and the processing. The transactions accumulated during the period are then transferred to the processor of payments.
Electronic Data Capture. EMEA Endpoint
Electronic Date Capture. Process of electronically authorizing, capturing and settling a credit card transaction. Glossary Terms - F
See Electronic Data Capture
The use of electronic technology to gather and collect data, esp. in the context of clinical trials. Allows data to be aggregated, sorted, shared, and searched more easily than paper-based records. May be Web-based, use handheld computers, etc.
ELECTRONIC DRAFT CAPTURE. A method of processing bankcard transactions electronically via a Point of Sale (POS) terminal or other compatible equipment. The transaction information (cardholder account number, transaction amount, transaction date, authorization number) is captured electronically and housed in the POS terminal until the terminal is settled.
Electronic Dispersion Compensation
Electronic Data Capture. using a credit card terminal for submitting credit card information to a merchant account provider.
Electronic Draft/Data Capture — Used to indicate when the merchant submits his/her transaction electronically.
Electronic Data Capture. To use a Point of Sale (POS) terminal for submitting credit card transaction information to a merchant account provider.
Electronic Draft Capture. (EDC) - The collection, formatting, and storage of data in computer memory according to predetermined capture fields, such as name, account number, and/or the amount of purchase.
(Electronic Data Capture) - The use of a POS terminal for validating and submitting credit card transactions to a merchant account provider or other credit card processor. In online credit card processing, software takes the place of the POS terminal.
Electronic draft capture. A system in which the transaction data is captured at the merchant location for processing and storage.