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POS Tendering Notes

August 22, 2024

  • Within POS, transactions are paid for (or “invoiced”) using different methods falling into two groups.
  • Lease to Own:
    • Lease to Own transactions have their own processing steps and transactions are not invoiced with a tender, per se.
    • There is no “split tendering” for Lease to Own transactions.
    • Therefore, a Lease to Own transaction has no “tenders” attached to it.
  • Others:
    • Integrated Payment Terminal
      • Credit Cards – MasterCard, Visa, Discover and American Express
      • Debit Cards
    • Cash and Check
    • Daniel’s House Charge
    • Fortiva
    • Sunbit
    • Synchrony
  • Integrated Payment Terminal

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  • The Multidev implementation of the integrated payment terminal really doesn’t care what is selected. When the card is tapped/swiped at the payment terminal, the card that is being process determines Credit or Debit (regardless of what was selected by the operator) and the card issuer, e.g., MasterCard, Visa, Discover or American Express.

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  • One would ask, if Credit and Debit are the same, why not present a single “Bank Card” option. Asked and answered – the Credit and Debit option presentation is part of “core” and cannot be changed for a single customer.
  • More details provided in Bank Reconciliation notes on how different tender types are grouped for bank reconciliation purposes. For example, for bank reconciliation purposes, cash and check need to be grouped together because they credit from the bank in one single amount. For another example, MasterCard, Visa, Discover and Debit Cards (but NOT American Express) need to be grouped together because they credit from the bank in one single amount.
  • At the end of the day there is no reconciliation or deposit process.
  • Cash and Check
    • Amounts are simply entered.
    • At the end of the day the bank deposit process requires the entry of the sum of amounts tendered for each Cash and Check.
  • Daniel’s House Charge
    • There is a separate processing dialog to identify customers with a Daniel’s House Charge account and to process the amount to the Daniel’s House Charge account.
    • At the end of the day there is no reconciliation or deposit process.
  • Fortiva
    • Fortiva account numbers are entered manually and if authorized the tender is recorded.
    • At the end of the day there is no reconciliation or deposit process.
  • Sunbit
    • Amounts are simply entered.
    • At the end of the day the bank deposit process requires the entry of the sum of amounts tendered for Sunbit.
  • Synchrony
    • Fortiva account numbers are entered manually and if authorized the tender is recorded.
    • At the end of the day there is no reconciliation or deposit process.