A modern point-of-sale system does much more than calculate a total and record a payment. Depending on its capabilities and configuration, it can collect information about sales, products, inventory, customers, employees, payment methods, discounts, taxes, returns, refunds, voids, locations, and operating periods. That information becomes far more useful when a...
How to Sync Merchant IDs With Payment Terminals
A payment terminal cannot reliably route, report, and settle card transactions until it is associated with the correct merchant processing account. That relationship commonly involves a Merchant ID (MID), a Terminal ID (TID), a processor-generated terminal profile, and other account or device parameters. When merchants talk about how to sync...