EDC (Electronic Draft Capture)

Electronic Draft Capture (EDC) is a system used by merchants to electronically capture transaction data at the point of sale. This technology has replaced the older method of manually capturing data through paper drafts or imprints. EDC systems are integral to modern electronic payment systems, enabling the quick and efficient processing of credit and debit card transactions.

Functionality of EDC Systems:

Benefits of Electronic Draft Capture:

Integration with Other Systems:

Many EDC systems are integrated with other business management tools such as inventory systems and accounting software. This integration allows for real-time updates to inventory levels and financial records, providing comprehensive management capabilities to merchants.

Overall, Electronic Draft Capture is a vital component of modern payment systems, offering businesses a reliable, secure, and efficient method of processing electronic transactions. Its widespread adoption has contributed significantly to the growth and efficiency of e-commerce and brick-and-mortar retail sectors alike.