Meaning Electronic Draft Capture
What does Electronic Draft Capture mean? Here you find 2 meanings of the word Electronic Draft Capture. You can also add a definition of Electronic Draft Capture yourself
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Electronic Draft CaptureEntering and processing the sales drafts by electronic means. In online payment schemes, capture is used to denote the electronic deposit of the sales draft with the acquiring bank. System in which the transaction data is captured at the merchant location for processing and storage. The storage of information in a terminal’s memory to be forwarded [..]
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Electronic Draft CaptureEDC is a point-of-sale terminal that reads the information encoded in the magnetic stripe of Cards. These terminals electronically authorise and capture transaction data.
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