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1 INTRODUCTION
1.1 The CCV Budget payment terminal
The VX 520 payment terminal allows you to process transactions with payment cards as well as coupons
and membership cards. The payment terminal is future-proof and meets the latest national security
requirements and the EMV standard.
The EMV standard was developed by the credit card companies Europay, Mastercard, Visa and JCB to
prevent payment card fraud. Since an EMV chip is implemented in the payment cards instead of a
magnetic strip, transactions are more secure.
1.2 The parties that make it possible to perform transactions
This manual frequently refers to or speaks of parties involved in the performance of transactions. Below
you will find a list of these parties.
Party Explanation
Payment terminal
supplier
You purchased a payment terminal from a payment terminal supplier (in
this case CCV).
Cashier
As a cashier, you are the one operating the payment terminal during the
performance of transactions.
Cardholder
The cardholder is the person who is charged a transaction amount for a
product or service. During the performance of a transaction, the cardholder
also operates the terminal.
Internet provider
Your transactions are sent to a transaction processor via an Ethernet
connection. For an Ethernet connection, you enter into a contract with an
Internet provider.
Transaction processor
The transaction processor forwards the received transactions to acquirers
(banks or credit card companies) for further processing.
Acquirer
The acquirer verifies with the issuer of the payment card whether the
transaction with the payment card used may be processed.
Payment card issuer
The issuer of payment cards is usually a bank or financial institution. The
payment cards are used by cardholders to perform transactions.
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