POS and ATM authorisation and driving

08:56 Jun 8, 2010
English language (monolingual) [PRO]
Bus/Financial - Finance (general) / card processing
English term or phrase: POS and ATM authorisation and driving
"POS and ATM" is clear. But what is "authorisation and driving"?

Some processors are poorly equipped to build infrastructures that fall outside International Card Scheme (ICS) and Anglo-Saxon models. Tailored developments to support European multi-country debit protocols, diverse methods of clearing and settlement,
POS and ATM authorisation and driving fall outside the experience and risk taking appetite of some processors. Despite these warning signals banks’ expectations of the commercial processing sector are often surprisingly high and there is an unrealistic expectation of their
capabilities to easily deliver outside their traditional model.
Yelena Pestereva
Israel


SUMMARY OF ALL EXPLANATIONS PROVIDED
4There is no translation - monolingual question
Hermeneutica


  

Answers


48 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
pos and atm authorisation and driving
There is no translation - monolingual question


Explanation:
I understand it to mean the ability [and desire] to operate [drive as in a driver in IT] and to check authorisation [i.e. if the card is valid, not stopped, etc.] of cards at POS and ATMs ...

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Note added at 50 mins (2010-06-08 09:46:22 GMT)
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Sorry about the silly title about the monolingual question, but the system wouldn't post the answer with just "see below" in the reference line and prompts "you must enter a translation" ;-)

Hermeneutica
Switzerland
Local time: 00:37
Specializes in field
Native speaker of: Native in SpanishSpanish, Native in EnglishEnglish
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