Cash Registers Supporting TDNs
A cash register supporting TDN payments is not different that currently used cash registers. Most of the existing cash registers can be upgraded with only software supporting TDN transactions in order to receive TDN payments. They already have the hardware required for TDN transactions input/output and they interface with accounting systems and bank accounts.
The great advantage for the merchants receiving TDN payments is the instant availability of the payment received at the point of sale. The money can be deposited immediately into the bank account and are available for use. There is no need for clearance as it is with checks and there are no fees to pay for using TDNs.
The great advantage for the merchants receiving TDN payments is the instant availability of the payments received at the point of sale. The money can be deposited immediately into the bank account and are available for immediate use. There is no need for clearance as it is with checks and there are no fees to pay for using TDNs. The only cost a merchant will encounter when receiving payments in TDNs is for the development or purchasing of software needed by their existing cash registers. There is no need to pay a company to handle the payments or pay fees to this the credit cards company
