subject: Smart Card Reader Online Sales - Cardteq [print this page] Wondering how Smart Card Reader work? A Smart Card Reader is essential in accepting credit point of sale. They can also read employee cards, customer cards and gift certificates.
In the world where credit cards - card embosser play important roles in the business world, readers do take part in reading and processing these cards to finish a sale transaction. The information a reader gets from a credit card is essential in passing information and verifying if the credit card - has sufficient amount to cover the purchase.
To gain more understanding of how the reader actually works, it would be easier if we understand its foundation first.
"Will that be Visa, MasterCard or American Express?" This is the common question asked by merchants to their cardholder customers when a purchase is being made. If you are a credit card - Card Tipper user yourself, you may have noticed the shiny black stripe on the back of your credit card. That stripe part is the part that is read when you swipe your card. It stores valuable information, which is important in validating transactions.
The reason why you swipe your credit card is to send the card data embedded in that stripe to the central tracking and billing system that can process functions such as sending the information to the credit card company.
The credit card company confirms after getting a confirmation from the issuing bank that the card is legitimate and the amount is below the spending limit or, in other instance, the customer is already in deep debt and he is already way below the credit limit.
Features of a Smart Card Reader:
A simple Smart Card Reader has a magnetic stripe reader, a keypad to enter information and a tiny display. They can be attached via keyboard wedge serial port (RS-232) or USB and can have a printer built-in, or attached as a separate unit.
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by: cardteq1
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