Point-of-sale technology has come a long way over the past decade. While many people used to pay for purchases with cash and checks, more and more are using debit or credit cards to accomplish this task. Since a large percentage of stores in major cities and urban areas are using smart card readers, it greatly simplifies the check-out procedure.
Magnetic card readers have also greatly improved the amount of time it takes to complete a purchase. It’s interesting to note that a significant amount of data can be stored on a credit or identification card’s magnetic strip, which can then be read by a magnetic stripe reader. These strips can store up to 60 characters. While this may not seem like a lot of information, it is sufficient for a variety of purposes. When a magnetic stripe card reader is used, it has the ability to read an individual’s personal information. This includes their name and account number, both of which are needed for verification purposes.
Even though roughly seven out of every 10 Americans own at least one credit card, others have several. While some of these may be cards for specific stores, others are considered to be major credit cards. These in particular can be convenient in order to purchase both both goods and services at a variety of business venues and establishments.
A 2014 survey was conducted to discover consumer payment preferences. Some of the participants preferred making purchases with their credit cards, while others preferred to use their debit cards. The results showed that 43% preferred using their debit card, and 35% preferred using their debit card. Given that may Americans may want to reduce or maintain their credit card usage, these are not surprising results.
Since many different types of stores sell lotto tickets, having a scanner for lottery tickets on-site makes it that much easier for someone to determine whether or not they have a winning ticket. Playing the state lottery is a popular activity for many Americans. Recent figures indicate that almost half of the adults within the United States have purchased a ticket over the past year. Some people, however, may play the lotto on a monthly, weekly, or even a daily basis.
Is your business currently using a smart card reader? Whether you’ve been in business for a long time or are just opening a new establishment, a smart card reader can streamline the purchase process for you and your customers. Since these devices are simple to use and the updated ones use chips, which provide greater security, it makes sense to learn more about the benefits of these and other devices.
