Applications Electronic Payment Introduction (LC)

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Applications: electronic payment

There are numerous applications for the industrial market due to the many related sectors. EBV presents the most exciting application examples within the fields of:


POS terminals

A point-of-sale (POS) terminal is an electronic device used by businesses to process payment transactions from credit cards, debit cards and individual checking accounts

They are small, light-weight, battery powered and integrate functions such as a display, card reader, keypad and printer. They are capable of transacting a sales event and performing a secure remote electronic payment. Terminals usually include wireless communication to a back-office server or a main stationary ePOS terminal. They can also support magnetic, smart and more recently, contactless payment cards. Whilst they continue to integrate more multimedia features (colour graphic displays, audio), PoS terminals have to comply with highest data security and integrity requirements, and be certified by Payment Card Industry and EMV organisations. EBV supplies solutions that address the challenge to comply with global security regulations such as PCI-PED (Payment Card Industry - PIN Entry Devices) and EMV (Eurocard Mastercard Visa), while offering to the user a state-of-the-art multimedia experience.

Banknote Readers Validators (MM)

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Banknote readers/validators

Modern banknote reader technology uses advanced sensing techniques to ensure that every bill is analysed using optical and magnetic detectors

A full scan of a banknote’s characteristics is performed using powerful electronics where data from each note is compared using key points and lines for validation. This is a system that not only ensures the highest acceptance rate of legal bills but the best rejection of fakes. With its led lit notes entrance it is easy to see and with the option to select different light patterns, the bill acceptance option is identified faster improving the profitability of the sales point.

Coin Hoppers, Sorters and Counters (MM)

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Coin hoppers, sorters and counters

An “intelligent” large capacity coin and token dispenser ideal for a wide range of applications including gaming, vending and transportation systems

Coin counters, sorters and hoppers are available in different versions such as tabletop or portable. They are ideal for the basic currency processing needs of small businesses or the home. New sophisticated embedded electronics, automatic motor shut-off, inspection tray, compact size and subtotal batch accumulation provides high performance especially on processing speed, sorting and counting methods using optical and other type of sensors. Other types of coin counters and selectors count, sort, bag, and wrap various coin denominations and may be more suitable for the heavy duty coin counting needs of large businesses, car washes, casinos, banks and many more allowing financial institutions to minimise the cost of reprocessing coin. There is room for new research and development implementations on new automatic process ejection systems, inspecting and removing non-coin material, continuous cleaning mechanism to remove dirt and usage of noise-reducing materials in the sorting and bagging section.

Automated Teller Machines (MM)

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Automated Teller Machines

ATM terminals have become very popular in many parts of the world and provide individuals with 24-hour electronic access to their banking accounts without a bank teller

An automated teller machine or automatic teller machine (ATM), is a computerised telecommunications device that provides Bank clients with access to financial transactions from a public space without the need to visit a bank. On most modern ATMs, the customer is identified by inserting a plastic ATM card with a magnetic strip or a plastic smart card with a chip, which contains a unique card number and security information such as the expiration date. Authentication is provided by the customer entering a personal identification number (PIN). Using an ATM, customers can access their bank accounts in order to make cash withdrawals or check their account balances as well as paying their bills. There are several ways to pay bills using ATM, but the most common ways are either by paying your bill through your bill number, or by viewing your profile.

Cash Dispensers Recyclers (MM)

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Cash dispensers/recyclers

Cash dispensing and recycling products integrate precision mechanics and electronics for applications in banking and retail automation

Cash Dispensers can serve two tellers simultaneously for cash withdrawal transactions, offering increased security and control, while minimising cash handling time, increasing accuracy, eliminating payment errors and enhancing security by reducing the amount of money in open cash drawers. Teller Cash Dispensers can be fitted with an envelope deposit mechanism according to customers' needs. Cash Recyclers are used in the teller work environment to store and release bank notes according to denomination. They are capable of recognising automatically the bank notes that are inserted in the input pocket and store them to 8 different recycling magazines. These magazines are then used to service cash payouts requested by the teller, significantly reducing the cash in and cash out in various teller environments.

Vending machines

Vending machines come in all shapes and sizes, and seem to sell everything from books to snacks, drinks, used panties and more

Industry believes technological vending machine innovation holds the key to future market growth which promises higher goods quality, increased consumer interaction, increased cashless payment acceptance, and more aggressive competition with food and other services. Social and interactive vending, touchscreens, and wireless supply-side networking are a big part of the equation, offering tremendous advantages for consumer engagement. But virtually every vending macro driver is heavily influenced by technological change, from cashless payments to health and quality vending enhancements. While the strength of vending lies in snacking convenience, growth will come from delivering health, freshness and quality. Sales of fresh food are growing, and natural vending solutions bring the promise of higher-quality, higher-status food and drink to the market.

Cash registers

Occasionally, governments enforce fiscal laws that require all tax payers who generate sales from goods and services to record and use an approved fiscal cash register

Countries implement such laws to make tax collection more efficient and manageable. As a result, taxpayers are obligated to submit a receipt for their sales revenue. The law may also require all manufacturers to include pre-defined features in their cash register software. Below are just a few examples of common fiscal cash register requirements:

  • a serial number for each transaction
  • the name, address and the Value Added Tax identification number of the supplier
  • the Value Added Tax identification number of the person to whom the supply is made
  • a description sufficient to identify the goods supplied
  • each description, the quantity of the goods, the tax rate chargeable, and the price payable, including the tax
  • the total amount of tax chargeable

Cash registers generally undergo extensive tests and scrutiny before the government certifies that it meets fiscal law specifications. Fiscal cash registers are tills that meet these specifications. They are specially equipped with fiscal memory, fiscal screw plus seal, and the capability to simultaneously print receipt copies containing all sales data as well as the data appearing on the customer rolls. Furthermore, they must have 2 displays – one for the operator and one for the customer. Often, business owners using a fiscal cash register may (with permission of the tax agency) issue a generated sales tax invoice that satisfies the government’s fiscal stipulations.