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12:28 Feb 14, 2020 |
Italian to English translations [PRO] Law/Patents - Law (general) | |||||||
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| Selected response from: James (Jim) Davis Seychelles Local time: 07:09 | ||||||
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Summary of answers provided | ||||
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5 | advance on POS transaction receipts |
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3 +1 | POS flow credit |
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4 | credit based on past payments by cards |
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POS flow credit Explanation: Many banks offer this see first website below and many others. in website 2 below MPS calls it with another name. This is where I drew my translation https://www.credit-agricole.it/prodotti/piccole-imprese-e-professionisti/finanziare-la-tua-impresa/categorie/finanziamenti-a-breve-termine/a https://www.mps.it/small-business/finanziamenti-cassa-o-a-breve-termine/anticipo-flussi-pos.html |
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credit based on past payments by cards Explanation: POS a common Italian acronym used to indicate all payments by cards, hence recorded. Here the (future) credit line shall be based card payments. Point Of Sale POS. |
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advance on POS transaction receipts Explanation: You could say it in different ways. Italian banks are now offering loans to shopkeepers, where the repayments are taken from the payments they receive on their POS. The loans are often in the form of authorised overdrafts, which makes them "advances" as in "loans and advances". The whole process can often be completed automatically online. |
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