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What does pressing mean? Is it also a cash payment method?

Card pressing is the predecessor of card swiping consumption. In the past, when there was no computer network, credit card consumption was done in this way. Did you notice why the card number is raised on the surface of the card? It is for pressing the card. of.

There is a special card pressing machine for card pressing. When making a purchase, your card is placed on the card pressing machine, the account number is pressed on the receipt, and then it is collected through the bank. Due to the increasing number of credit card frauds, this method is basically no longer used, and only a small number of banks with good reputations will accept it.

Cash payment is the simplest method of payment in transactions. Once shareholders of a shell company receive cash payments for the shares they own, they no longer have ownership of the shell company and all other rights derived therefrom.

International cash payment methods include immediate payment and deferred payment. Deferred payments usually require the help of investment banks, which can issue some form of notes on behalf of the acquiring company as a payment to the target company's shareholders. The acquirer can use cash proceeds from the target company to pay off the notes over time.