ViVOpay VP8300 UserManual
9
Point of Sale (POS)
Refers to terminals used in retail stores with a magnetic stripe
reader, keyboard, display and auto dialer modem or IP
connection, connected to the telephone/internet network and
used for on-line credit/debit authorization. Can also be
connected to a host computer, which handles all transaction
processing including item price look-up, data collection, and
credit/debit authorization.
Proximity Payments
Payment method utilizing contactless technology such as RF,
Infrared (IrDA) or Near Field
Communications (NFC).
Radio Frequency (RF)
Any frequency that corresponds to radio signals, including
those used by cellular
telephones and wireless networks.
RF Reader
The Point of Sale device that receives the RF transmission
from a card, fob or NFC phone.
Visa Contactless
Visa's contactless payment product that utilizes contactless
technology.
Symbols explanations
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