27 Sep 2022 By PAYCEC
When a business owner signs up to an app, the provider sends the business owner a card reader that plugs into the mobile device's audio jack to process debit/credit cards. The mPOS machine can function as a standalone device linked to a business bank account, or as part of a larger legacy POS system. Instead of the storage on the device, customer data when processing with mPOS is encrypted and stored in the cloud to protect cardholder data.
Typically, this is how an mPOS machine works in reality.
The store/shop/mall will log in to the mPOS system, then access the transaction list. The business owner will select the eligible transaction and submit the corresponding withdrawal request, then press on the verification code, the system will authenticate immediately and proceed to the next steps.
Immediately after receiving the request from the user, mPOS will process the request if it is confirmed as valid. In case the transaction is not valid, The mPOS device will:
When the request has been approved, mPOS will receive the money. From here, the transaction will be completed.
Disclaimer: This information, including the recommendations, is only general. It is an overview information for reference.
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