Magnetic stripe electronic funds transfer point of sale (EFT POS) terminals are devices that allow the transfer of funds electronically, in the form of either deferred payment (as in the case of credit cards where funds are guaranteed to a merchant by a credit authorizing institutionduring the of payment for later collection) or account-to-account fund transfer (as in debit transactions).
The process can be made in real-time or in batches. For the purpose of this study, a magnetic stripe EFT-POS terminal is defined as a device that has:
Magnetic stripe card reader
Smart Card EFT POS Terminal
Europay, MasterCard, and Visa (EMV) migration to combat card fraud has been driving a lot of improvements in the terminals industry, especially in Europe. One of the biggest impacts has been the introduction of chip-embedded payment cards and personal identificationnumber (PI N). Smart card EFT POS terminals are devices that allow the transfer of funds electronically and are capable of reading both, magnetic stripe payment cards and smart cards.
About this report
This research service covers the global market for EFT POS terminals. Detailed market trend analysis including drivers, and restraints has been provided for each geographic region, i.e. North America, Latin America, EMEA and Asia-Pacific. Expansive unit shipment and revenue forecast analysis is presented for each of these geographic segments, for the total EFT terminal market, magnetic stripe terminal market, smart card terminal market, wireless and mobile terminal market, and IP-enabled terminal market which facilitates a better understanding of the current and future potential of the market. Competitive landscape and market shares of global companies have also been provided for each geographic region.
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