Business Day Chip Cards Point-of-Sale (POS) 
PYMNTS
MARCH 4, 2019
For payments, the company lets users store the card information of regulars as well as payments on the user’s terms with the ability for a cancellation fee or full prepayment. Users can also receive deposits as soon as the next business day or instantly “for just an extra 1% per deposit.”
Stax
APRIL 18, 2024
The steps to process a credit card transaction Step 1: Authorization Request The process initiates when a customer presents their credit card for payment. The merchant’s point-of-sale (POS) system sends an authorization request to the acquiring bank (also known as the merchant bank) via a payment gateway.
Payment Savvy
JULY 3, 2024
The cardholder swipes, dips, or taps their debit card at the merchant’s physical point of sale (POS) terminal. Online, they enter their debit card information (card number, expiration date, CVV code) directly on the merchant’s website or app.
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