11th November 2009
If you are in the market for a credit card processing terminal, you
absolutely must take current technology and future technology into
consideration before making a purchase. Obviously, you want equipment
that uses the most up-to-the-minute technology, but you may also want
to invest in equipment that will be able to be updated as the
technology that is on the horizon comes into play.
Cell Phone Wallets are now being used in other countries, instead of
traditional plastic credit cards. With a Cell Phone Wallet, the
customer uses their own cell phone to make their purchase at a place of
business. The terminal that is used for processing must be set up for
this new technology, and we expect this technology to be in use around
the world within a couple of years.
This technology is possible
because it is now possible to use your cell phone to accept credit card
payments. It is just a matter of downloading and installing the proper
software from your processing service. It is this technology that has
brought about the technology needed for the Cell Phone Wallet.
also need to be aware of the fact that data encryption software is
constantly being upgraded. Encryption methods are used by software to
essentially turn the customer's financial data from their credit cards
into an unbreakable code, before that information is transmitted. Once
the information reaches the processing company, their system
essentially breaks the code in order to read the information, again
using encryption technology designed for this purpose.
make sure that your credit card processing terminal is capable of
updating as updates are available for the encryption software. These
advances are essential because the skills and technology used by
thieves of financial information is constantly advancing as well, and
we must stay two or three steps ahead of them. If you are using
equipment with outdated encryption software, you are essentially
putting your customer's credit card information at risk.
technology changes and advances, your credit card processing terminal
must be capable of also changing and advancing. If it isn't, you will
find yourself purchasing new equipment fairly often, and this doesn't
make good business financial sense for most business owners.
this means to you and your business is that you are better off spending
a bit more for the best possible equipment, capable of being easily
upgraded to keep up with ever changing technology today, then spending
what amounts to a small fortune over time to replace outdated
equipment. The cost of everything matters to your business budget, but
in this instance, future technology must be carefully considered.
is also important that you consider current and future technology if
you are thinking about purchasing a used Credit Card Processing Terminal. There are used terminals that are in good shape, and capable
of keeping up with future technology, but of course, you will want to
verify this before buying the equipment. Again, you may be better off
spending a little more for better - new - equipment today, to save
money in the future.