![]() Minimizes the cash handling problems encountered such as shortages and counterfeit bills and addresses coin sourcing requirements as well.Increased security as less cash is handled by personnel and minimized erroneous data entry.Suitable for businesses with high payment transaction volume.No required sales volume or minimum card transactions to avail of the DBP POS.Machines can print summary and detailed reports at any time of the day and DBP can also send periodic reports via email for easy tracking of transaction proceeds of Merchants.Wireless models are also available for off-site collections ![]() Once the payment is received from the point of sale, the sellers compare the POS data with the sales made per day/month/year to ensure complete accuracy and transparency in the process. Point of sale (POS) is where a customer makes the payment for goods purchased in a store. Plug and play device that does not need a dedicated telephone line. The difference between POS and ATM withdrawal is where the transaction takes place. POS reconciliation is a crucial process wherein businesses match POS system transactions as shown on the company’s bank statement to that in their books.Card transaction payments are credited straight to the Merchant’s DBP account after one (1) banking day.It allows merchants access to more than 33 million ATM cardholders across the country’s major ATM network – BancNet and international network for Credit/Debit/Prepaid and Credit Cards VISA.The DBP Point of Sale (POS) is a complete payment system that facilitates the authentication of payments using various cards issued by any member bank of local and international networks.
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