Many newcomers to the payment industry have some doubts about their knowledge of POS machines. Today, the editor summarized some basic knowledge of POS machines for the convenience of students to learn.
What are T1/T0, D1/D0
T+1 is the second working day when the account is received;
T+0 represents the day of receipt on the working day of the day; The T0 we are currently talking about is actually the second to
D+1 represents the next day of receipt (including rest days and holidays);
D+0 is the second of the day throughout the year (including holidays and holidays).
What is a third-party payment company
A third-party payment company is an independent third-party platform recognized and authorized by the central bank for payment settlement. Simply put, it refers to non bank financial institutions engaged in payment and settlement business. A legitimate third-party payment company needs to obtain a third-party payment license issued by the central bank.
