What functionality does an IP terminal provide?

An IP terminal is designed to communicate transaction information over the internet, which is a key functionality that distinguishes it from older technologies. IP terminals utilize internet protocols to connect and transmit data, ensuring secure and fast processing of transactions. This internet-based communication allows for features like remote access, easier integration with various payment systems, and real-time transaction processing, enhancing the overall efficiency and reliability of payment transactions.

The ability to use internet connectivity instead of relying on traditional dial-up connections makes IP terminals more versatile and capable in today's digital payment landscape. This aspect is crucial as businesses increasingly shift towards more comprehensive and internet-enabled solutions for handling transactions.