2. Cards You Can Accept
Credit Cards
Cardholders can use credit cards (MasterCard
®
and Visa) to access their credit card
accounts. Cardholders can also access cheque and savings accounts where those
accounts are linked to the credit card.
Cardholders can access these accounts through a multiPOS terminal using their PIN
(Personal Identification Number) or signature.
Debit Cards (Bank-issued)
Issued by banks and financial institutions, debit cards give cardholders access to
funds held in linked cheque or savings accounts but cannot be used to access funds
from credit card accounts.
Bank-issued debit cards require a PIN if processed through a terminal to operate. If
they are processed using Electronic or Paper Fallback, a signature would then be used.
Debit Cards (Scheme-issued)
Cardholders possessing a MasterCard or Visa debit card can select whether they use
a PIN or signature for their Transaction. Depending on the particular card that is used,
the terminal may prompt for signature only.
The cardholder should request the card to be processed as a ‘Debit’ Transaction if they
want to use a PIN or as a ‘Credit’ Transaction if they want the Transaction to be verified
by their signature.
Charge Cards
Processing charge cards is essentially the same as processing credit card Transactions.
To accept charge cards, you must have an agreement with the charge card Issuer (eg.
Diners Club, American Express and JCB).
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