Does anyone out there know about some of the new credit card scanning technologies that speed checkout times (in lieu of card swipe functionality)? I have a prospect interested in speeding up transaction times and this information has been referenced in McDonalds commercials. Any ideas?
New Credit Card Scan Technologies
Nov 01, 2005
4 Replies
DA DA DA DA DAAA...I'm lovin' it.
I think you are talking about a non-contact (RFID (Radio Frequency IDentification) or a magnetic keyring) type device. It doesn't necessarily reduce the time, mostly the customer just doesn't hand the card/device to the clerk to swipe.
Problem is that you now have multiple devices attached to your keyring! ;-(
We have the ability to support MasterCard?s PayPass in our RMS Plug-in SmartPayments. You need a couple of things to make it work:
- PayPass card reader at each register.
- Credit Cards with RFID tags on them.
- Software that interface the PayPass card reader and passes an indicator to the payment processor that it was a proximity read or the transaction will downgrade and the merchant will pay a card not present rate which will make a retailer very un-happy.
MasterCard and other associations are issuing new cards in specific markets that contain the RFID tag but with all new payment technologies you have the chicken & the egg problem.
Bill Pittman TPI Software
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