The Roles of a Credit Card Reader
Almost everybody nowadays has a credit card and related to this card is a credit card reader that we might not know its role. Whenever we use our credit cards in buying and paying the products, a credit card reader is the machine that completes the process in the transaction. In order therefore to accept your purchase, a credit card reader will use your card, and note that this machine can also read employee cards, customer cards and gift certificates.
Our business world has taken in the use credit cards in order to transact sales of products or services, and to complete the process, the credit card readers do the reading and processing of these credit cards so that the sale transaction is finished. The role of the credit card reader is to get the information from the credit card, pass the information, and make verification if the particular credit card has sufficient funds to support the purchase being done.
By understanding the features of a credit card reader, we will be able to understand how it works and we will describe it briefly here.
Check out the back of your credit card and you will notice a shiny black stripe. That shiny black stripe contains important information that is being read by the credit card reader, and this information will confirm or not the transactions.
The purpose on the swiping of the credit card is to send the data embedded in the shiny black stripe to the central tracking and billing system, then it process the information and send to the credit card company.
When the credit card company gets the information and has verified, it will then confirms to the issuing bank that the card is legitimate, and notify if the card has reached its spending limit or purchase is still acceptable.
The simple features of a credit card reader are the magnetic stripe reader, the keypad used to enter information, and a tiny display. The whole system is connected in such a way that the reader is connected to a keyboard wedge serial port or USB, and can have a printer that is built in, or considered as a separate unit function.
The display part of the reader comes in various types, with the bigger display as more favourable since you can view more information. There is also a reader with a backlit that proves to be advantageous when your reader is used under low lighted areas.
Keypads differ in number of sizes and keys, and generally, the bigger keypads will enhance the convenience in using. The more keys available, the more preference given to the commonly used utilities to use their own key.