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"TAC"

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Photo of a POS terminal related to Terminal Action Code settings

Merchant & POS

Terminal Action Code (TAC)

These are codes placed into the terminal software by the acquirer that govern the rules for whether transactions go online or are declined, covering offline approval, offline decline, and online submission due to issuer risk...

POS terminal used for EMV card payment processing

Merchant & POS

TVR (Terminal Verification Results)

Terminal Verification Results (TVR): a sequence of bits produced when a terminal reads an EMV card, based on logical checks such as an expired card. This data object is used to decide whether a payment transaction should be accepted online, declined, or allowed to proceed.