Glossary
Manual Keyed Entry (MKE) / Keyed Transaction
Manual Keyed Entry (MKE), also known simply as a keyed transaction, refers to the process of manually entering credit card information into a point-of-sale (POS) application or payment terminal. This method is typically employed when the physical card cannot be swiped, inserted, or tapped due to the absence of the card (such as in phone orders) or issues with the card's magnetic stripe or chip.
In summary, while Manual Keyed Entry provides an important alternative for accepting payments, it comes with increased responsibilities for security and accuracy. Businesses using this method should implement stringent verification processes to minimize risks and ensure that transactions are processed securely.