Virtual POS Terminal definition
Virtual POS Terminal means a logically defined POS terminal device by which payment of goods and services are performed via the Internet.
Virtual POS Terminal means a logically defined POS terminal used for account transfers or the payment of goods and services over the Internet, ATM terminals or digital telephones using the Card in an online mode. Certain merchants offering goods and/or services over the Internet and accepting payments through a Virtual POS Terminal are marked on their websites either with MasterCard Identity Check or VISA Secure.
Virtual POS Terminal or “VPOS terminal” shall mean a logically defined POS terminal device by which payment of goods or services are performed via the Internet; and Unless the context otherwise requires, words in the singular shall include the plural and the plural shall include the singular. Any words following the terms including, include, in particular, for example or any similar expression shall be construed as illustrative and shall not limit the sense of the words, description, definition, phrase or term preceding those terms. Where the context permits, other and otherwise are illustrative and shall not limit the sense of the words preceding them.
More Definitions of Virtual POS Terminal
Virtual POS Terminal means a logically defined POS terminal used to execute transfers of funds on payment accounts, payment for goods and services, receipt of statements and execution of other payment and non-payment transactions via Internet;
Virtual POS Terminal means a logically defined POS terminal through which transfers to payment accounts, payments for goods and services, references and other payment and non- payment transactions are performed via the Internet, ATM terminals or digital telephones, using a payment or prepaid card in online mode;