Many of you have heard about the unprecedented expansion of the Avalon Waterways fleet of luxury river cruise ships in the last years (you can see in the list below there's at least one new ship each year), but not so many know why this is so. The reason for the great number of new build ships is the Globus company.
A signature-based debit card transaction is cheaper for retailers than a pin-based transaction, which occurs online. Credit card and signature-based debit card transactions are processed in similar manners. Signature-based debit card transactions can be processed over the phone and on the Internet. No pin number is required for these transactions. These transactions are convenient for people that donât have access to a credit card.
Reconciliation POS transactions. When you open a checking account, the bank will more than likely issue you a bank card, also called a debit card. These cards allow you to make purchases anywhere you can use a credit card, in addition to allowing you to withdraw cash from an ATM. When the card is used as a debit card, the transaction will be reflected as a POS on your bank statement. A POS situation on your bank statement is an abbreviation for point-of-sale and designates that a purchase was made using your debit card. Purchases recorded as point-of-sale mean that you entered your PIN number to authorize the transaction and therefore were possibly physically present for the purchase.