Acquiring
mPOS
Also: mPOS
Mobile point-of-sale set-up combining a smartphone or tablet with a Bluetooth card reader for card-present acceptance on the move.
Related terms
SoftPOS / Tap to Phone
Accepting contactless payments on a merchant's own NFC-enabled smartphone, without a separate terminal; certified under EMVCo's SPoC and MPoC standards.
EMV chip
The chip standard (Europay, Mastercard, Visa) enabling secure card-present authorisation via dynamic cryptograms rather than static magstripe data.
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