Point of sale with no payment guarantee

from Wikipedia, the free encyclopedia

Point of Sale without a payment guarantee ( POZ ) was a direct debit procedure in Germany from 1990 to 2006 , in which payments were made with the EC card and signature without entering a PIN .

Action

The customer put the dealer the debit card before. The merchant used the card to compare it to a file of blocked cards and to save the cardholder's account information. Then he created a direct debit printout on which the account details, the date and the amount were given. With the subsequent signature of the customer, the bank was authorized to give the cardholder's address to the merchant if the card was not redeemed. However, there was no legal obligation in this authorization, so that some banks and savings banks still refused to provide information on customer data, citing banking secrecy. The booking was made with the dealer's regular payment run.

The advantage for the retailer was the low cost compared to electronic cash . From the merchant's point of view, there were also disadvantages due to the later movement of money and the lack of a payment guarantee, as there was no check for cover .

history

The POZ procedure was introduced in 1990 and discontinued in 2006 due to a lack of demand. However, paying by card and signature has not been discontinued and is still used with the electronic direct debit procedure ( ELV ).

Comparison with other countries

In Austria, a similar system is used for cash registers without a connection to a data center.

literature

  • Markus Breitschaft, Thomas Krabichler, Ernst Stahl and Georg Wittmann: Secure payment methods for e-government. In: Federal Office for Security in Information Technology (Ed.): E-Government-Handbuch. Bundesanzeiger Verlag, 2004. Updated version May 2005. ISBN 3-89817-180-9 , 144 pages, 43 figures, 32 tables, study as a PDF download from BSI ( Memento from January 17, 2012 in the Internet Archive )

Web links