Terminals

Software

eCommerce

Wireless

FDMS® Debit

Debit in the point-of-sale (POS) environment is a payment mechanism whereby the cardholder's funds are debited from their bank account for purchases at a merchant location. There are two different types of Debit: on-line Debit and off-line Debit. For purposes of this description, the more precise terms of PIN-based (on-line debit) and Signature-based Debit (off-line debit) will be used.

PIN-based Debit is a transaction that requires the cardholder to enter a Personal Identification Number (PIN) at the point-of-sale to authorize payment of goods. The cardholder is not required to sign the receipt and as soon as the transaction is authorized the money is debited from the cardholder's bank account.

Signature-based Debit transactions do not require a PIN but do require the cardholder to sign the receipt. The transaction is processed the same way as a credit card transaction, in that the posting of the transaction against the cardholder's account occurs within a few days of the transaction being settled. Merchant settlement must occur in order for the cardholder's account to be debited.

FDMS® debit services are ideal for:

Grocery Stores
Petroleum
Drug Stores
Discount Stores
Video Rental
Wholesale Clubs
Specialty Retail
Department Stores
Book Stores
Hair Salons

Benefits:

To You:

Timely Settlement - Every transaction is authorized by a Personal Identification Number (PIN) which means that the transaction is not subject to charge-back
Increased Security - There is no need to verify the Debit cardholder's I.D. The use of the PIN and the encryption features (built into the POS terminal) reduce the potential for fraud, thus providing protection against fraud-related losses
Advantageous - The cash-back option provides the opportunity for increased transaction volume. Also, by providing Debit as a payment method, you are positioned to accept EBT as a payment method.
Reliable - Proven technology is used for Debit processing to provide reliable and accurate service delivery at the point of sale.
Cost Effective - Statistically, PIN-based Debit is the most cost effective payment method.

To your customer:

Fast - From the swipe of the card to the authorization response is a matter of seconds. Statistically, checkout time takes approximately 30 seconds.
Convenient - Consumers are no longer limited to writing checks or carrying cash.
Efficient - The cash back option eliminates the need to make a special trip to the ATM for cash.
Secure - There's no need to worry about checks being stolen and consumers have no need to carry large sums of cash.

RBMS terminals and software supporting the FDMS® Debit service include: