NAICS Code 423420-17 - Credit Card-Terminal Systems (Wholesale)

Marketing Level - NAICS 8-Digit

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NAICS CODE 423420-17
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Looking for more companies? See NAICS 423420 - Office Equipment Merchant Wholesalers - 3,818 companies, 66,231 emails.

NAICS Code 423420-17 Description (8-Digit)

Credit Card-Terminal Systems (Wholesale) is a subdivision of the Office Equipment Merchant Wholesalers industry that specializes in the distribution of credit card-terminal systems to retailers and other businesses. These systems are used to process credit and debit card transactions, and they typically consist of a card reader, a keypad, and a display screen. Credit Card-Terminal Systems (Wholesale) companies may also offer related products and services, such as point-of-sale software, payment processing services, and technical support.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 423420 page

Tools

Tools commonly used in the Credit Card-Terminal Systems (Wholesale) industry for day-to-day tasks and operations.

  • Credit card terminals
  • Card readers
  • Keypads
  • Display screens
  • Point-of-sale software
  • Payment processing software
  • Technical support services
  • Installation tools
  • Network cables
  • Power adapters
  • Batteries
  • Cleaning supplies
  • Replacement parts
  • Security devices
  • Barcode scanners
  • Receipt printers
  • Mobile payment devices
  • Wireless routers

Industry Examples of Credit Card-Terminal Systems (Wholesale)

Common products and services typical of NAICS Code 423420-17, illustrating the main business activities and contributions to the market.

  • Credit card processing equipment
  • Debit card terminals
  • Point-of-sale systems
  • Payment processing hardware
  • Card reader machines
  • Electronic payment systems
  • Mobile payment terminals
  • Wireless payment devices
  • Payment processing equipment
  • Retail payment systems

History

A concise historical narrative of NAICS Code 423420-17 covering global milestones and recent developments within the United States.

  • The Credit Card-Terminal Systems (Wholesale) industry has a relatively short history, dating back to the 1970s when credit cards became more widely used. The first credit card terminals were bulky and expensive, but advancements in technology have made them smaller, more affordable, and more efficient. In the 1980s, the introduction of magnetic stripe technology made credit card transactions faster and more secure. In the 1990s, the industry saw the introduction of wireless terminals, which allowed merchants to accept credit card payments from anywhere. In recent years, the industry has seen a shift towards mobile payment systems, with the introduction of contactless payment technology and mobile wallets. In the United States, the industry has seen significant growth in recent years, with the increasing popularity of cashless transactions and the rise of e-commerce.