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NAME INDEX NO. SIGNATURE DATE 233/1CHEMISTRYPAPER 1 (THEORY)JULY 2017 TIME: 2 HOURS233/1 CHEMISTRY PAPER 1 (THEORY) TIME: 2 HOURSINSTRUCTIONS1. Write your name and index no. in the spaces provided

How to fill out pos entry mode values

How to fill out pos entry mode values

1. Start by identifying the type of transaction you are processing, such as sale, refund, or void.
2. Determine the type of payment method the customer is using, whether it is a credit card, debit card, or another form of electronic payment.
3. Choose the appropriate POS entry mode value based on the type of payment method.
4. Enter the POS entry mode value into the corresponding field on the POS system or payment terminal.
5. Verify the accuracy of the entered POS entry mode value and proceed with the transaction.
6. If necessary, provide the customer with a receipt or proof of transaction completion.

Who needs pos entry mode values?

1. Merchants or businesses that process electronic payments through a POS system or payment terminal need to use POS entry mode values.
2. Payment processors and acquirers also utilize POS entry mode values for transaction processing and analysis purposes.

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What is pos entry mode values?

POS (Point of Sale) entry mode values refer to the method used to input cardholder payment information during a transaction, such as chip-and-PIN, swipe, or contactless.

Who is required to file pos entry mode values?

Merchant processors and acquirers are typically required to report POS entry mode values to card networks and financial institutions.

How to fill out pos entry mode values?

You can fill out POS entry mode values by collecting the data from the payment terminal or POS system used during each transaction, and providing this information to the relevant parties.

What is the purpose of pos entry mode values?

The purpose of POS entry mode values is to track how cardholder payment information is inputted during transactions, which can help prevent fraud and ensure compliance with payment industry standards.

What information must be reported on pos entry mode values?

The information reported on POS entry mode values typically includes the type of card used (e.g. credit or debit), the method of input (e.g. chip-and-PIN, swipe, contactless), and the outcome of the transaction (e.g. approved or declined).