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Showing posts with the label credit/debit card

Why Certification Testing?

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Certification of any form refers to the approval of the characteristics of any object, person, or organization. Certification testing is therefore a very broad term. It covers within different services of a company. Here, the certification testing of electronic payment terminal is covered in detail. A payment terminal is a very common device these days. It is used to communicate between the EVM chip card such as your master or VISA credit/debit card and the card issuer. Certification testing covers the testing of the entire process of the payment beginning from the setting up of an account to the final processed payment intimation to the card user. A product might be verified to meet the terms with a specification or stamped with a specification number. This does not, by itself, indicate that the item is fit for any particular use. The person or group of persons who own the certification scheme (i.e., engineers, trade unions, building code writers, government, industry, etc.) have

What you need to know about Merchant Services - NeelPro System Pvt. Ltd.

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Merchant services are the a kind of economic services provided by the finance industry that takes up under a wide range of businesses including managing of money, credit and debit cards companies, unions  etc. of the same kind. In the specific terms, it only refers to business that deals with transaction of money through card payments via a secured and encrypted channel. Generally, the term Merchant Services includes the following: Credit and debit cards payment processing: It is the most commonly used Merchant service. It uses the customer’s debit/credit card for the payment of services via a secured encrypted network channel. Check guarantee and check conversion services:  This services ensures the receiving of funds and getting the check converted into electronic form for direct deposition into the specified account. It reduces the man power required in the processing of any check payment.   Automated Clearing House check drafting and payment services: It facilitates int