electronic data capture (EDC)
An EDC terminal, Electronic Data Capture, is a data capture device used as a POS terminal at the point of sale( PoS), so primarily in stores, but also in banks, in the office or in the private sector. In Electronic Data Capture, the credit card is inserted into the card reader.
This decodes the data and sends it to the credit card company, which carries out the validation. Itchecks the credit card number and whether the credit card is not blocked, and it also checks that the limits are not exceeded. The credit card company sends a confirmation to the EDC terminal and simultaneously debits the amount from the credit card holder's account. The debit is printed out on a small printer.
Electronic Data Capture is a very secure process that is also used for e-commercetransactions by online stores. The customer works from home with his own EDC terminal. The procedure avoids any kind of fraud possibility during the transaction.