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Author Topic: 4POS Credit card card interface ready!  (Read 2259 times)

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Admin

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4POS Credit card card interface ready!
« on: October 06, 2012, 08:22:45 AM »

After years trying to do business with the banks, we have finally reached an agreement with a switching company that will allow you to accept credit cards, Debit & even ATM cards directly from your 4POS system!

The concept is quite simple. A FAST Internet connection is required - ADSL at least!

1. You will change your existing credit card pinpad to a pinpad that will connect to your PC through a serial port.
2. When processing a credit card transaction, 4POS will access the pinpad.
3. The cashier will be prompted to swipe the card & if it is a SmartCard it will ask the cashier to insert the card into the pinpad so the SmartChip can be read & be prompted for a PIN. 
4. 4POS will authorize EVERY card & authorize or decline the transaction. This process takes approximately 5 seconds depending on your internet configuration.
5. When done, 4POS will close the sale & print the receipt as normal.

In the background, authorization codes etc will be stored for auditing & query purposes. Balancing of your credit card transactions will be done on the Web.

The main benefits are that you no longer have to enter the amounts manually on the card & obviously cancels all fraud & incorrect details entered! Furthermore, as every card is validated, stolen cards are eliminated & not only the cards that exceed the floor limit!

Let us know if you wish to be part of the roll-out as you would need to complete some forms & arrange the devices from your bank.

When we have 1,000 4POS terminals connected this way, we will be negotiating ONE price structure for ALL 4POS customers which will imply that whether you are a small or BIG company, ALL customers will pay the same lane fees & commissions!

« Last Edit: February 28, 2014, 08:44:03 AM by Admin »
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Admin

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Re: 4POS Credit card card interface ready!
« Reply #1 on: December 10, 2018, 12:28:02 PM »

Latest credit card info to be found here :

http://www.4pos.co.za/4pos-credit-card-interface.htm

pricing to follow shortly...
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