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Credit Card Reading Software
Credit card readers work similarly to a cassette player. A magnetic
strip or magstripe is located on the back of a credit card, which is
protected by a, plastic coating. The magstripe contains information like
your name, P.I.N., and or credit card number. By swiping or inserting,
the card activates the reader to scan the magstripe, similar to the
magnet reader of a cassette player. The information is then sent to a
remote server, called an acquirer, the customer enters their PIN to
allow the transaction to proceed.
The simplicity of the credit card reader is why its such a useful and
reliable
machine. With POS software, credit card readers can be connected to
computers, allowing authorized retailer with PCs, modems, and proper
credit card processing software the ability to accept credit
transactions. The foundation of many businesses today is the credit card
transaction, and the card reader is the keystone to this foundation.
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