TITLE

PCATS Develops Card Processing Standard

AUTHOR(S)
Yee, Nicole
PUB. DATE
May 2006
SOURCE
Convenience Store News;5/8/2006, Vol. 42 Issue 6, p16
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the Petroleum Convenience Alliance for Technology Standards (PCATS) will be adopting a U.S. domestic standard for managing card payment processing through the use of an electronic payment server (EPS). The new initiative is based on the International Forecourt Standards Forum (IFSF) standard. It will help take the burden off of the Point-of-Sale (POS) to address constantly evolving authorization standards in the banking environment. The EPS system uses common XML messages, based on the IFSF standard, to exchange financial data between the EPS and the POS.
ACCESSION #
20787564

 

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