What is the settlement step of the POS machine?

[Abstract] What is the settlement step of the POS machine?

The following steps should be taken when the POS system is settled:

(1) The local POS machine agent or special customer inputs the purchase amount of the consumer to the POS terminal according to the price of the product purchased by the consumer!

(2) The card reader (POS machine) reads the authentication data of the magnetic stripe on the UnionPay card, and the buyer's member number (password);

(3) After the certification is passed, the settlement system will send the input data to the central supervisory account;

(4) After the merchant confirms the processed settlement data, it is signed by the consumer. Buy and sell members and businesses each with a receipt stub!

(5) After the above several steps, a pos machine consumption is completed!

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