What is Internal Revenue Code (IRC) Section 6050W?

Section 6050W, enacted by the Housing Assistance Tax Act of 2008, requires a payment settlement entity to report payments made to merchants for goods and services in settlement of payment card and third-party payment network transactions. This new law requires payment settlement entities to report the legal name, address and taxpayer identification number (“TIN”) for each participating merchant, along with the gross amount of the reportable payments to each merchant in settlement of payment card transactions for goods and services.… read more

What is the IRS TIN fee?

The Internal Revenue Service (IRS) issued final regulations requiring that, starting with transactions in calendar year 2011, the gross amount of payment card transactions be reported annually to merchants and the IRS. These final regulations contain rules to implement reporting of credit card, debit card and similar transactions.… read more

My terminal is saying VXN 1001/VXN57/FD50.

Clear DID in terminal Press Blue key above Credit Press Blue Key below More x3 Press Blue key above the Set up Parms Press Blue key above View Parms Password – key in 766130, then Enter Press Next x 3, until screen reads sales Host 1 Press Top Blue middle key Terminal screen reads Download ID, backspace out the existing number and key in the Terminal ID (TID#) (Enter the terminal ID (TID) Press Blues key under Save.… read more

My terminal is saying VXN error 1001 Authentication error/FD 100/FD 200.

Press Credit Press More x3 Press Set up Parms Press View Parms Password – key in 766130, then Enter Press Next x 3, until screen reads sales Host 1 Press Host 1 Terminal screen reads Download ID, if blank or the wrong terminal (TID), backspace out the existing number and key in the correct TID# see processing representative Press Save when done Clear x 6 to get back to the main screen.… read more

Terminal Error VXN 1001/FD 100

Press Blue key above Credit Press Blue Key below More x3 Press Blue key above the Set up Parms Press Blue key above View Parms Password – key in 766130, then Enter Press Next x 3, until screen reads sales Host 1 Press Top Blue middle key Terminal screen reads Download ID, backspace out the existing number and key in the terminal ID (TID#) Press Blues key under Save.… read more

How do I set up the IP connection on my terminal/Omni VX570DM?

With the power off the terminal: Plug in IP cable Power up terminal Press CommServer – F2 Press Top right purple key (Reports) Press Down Arrow Top Left Purple key Press F2 Datawire Press F3 Key Management Press Enter Press Red X key back out to CommServer Credit/Debit screen Press F3 Credit/Debit to ready screen to process Sales.… read more