Click on the advert above to visit the company web site

Product category: Networking Hardware
News Release from: Alpha Micro Components | Subject: NetPort
Edited by the Electronicstalk Editorial Team on 21 July 2005

Plug-and-play adapter aids credit card
conversion

The NetPort "plug-and-play" serial-to-Ethernet cable adapter enables any device or machine with a serial port to become network and Internet-enabled in an instant.

January 2005 saw the implementation of Europay, MasterCard and Visa's (EMV) standards for all credit card transactions As a result chip and PIN technology is now required as a means to authorise payment card transactions, rather than using a card's magnetic strip along with the card holder's signature to verify the sale

With credit card fraud on the increase, this change is helping to make credit card transactions more secure, reducing fraud whilst also considerably speeding up transaction times for the retailer.

Moving from the traditional magnetic stripped swipe card to chip and PIN seems a small step for the consumer, but for banks, credit card companies, merchants and retailers, this is a huge operation requiring a major upgrade of the existing electronic payment infrastructure.

Irish card payment processing solutions provider euroConex, required a solution which would enable it to seamlessly integrate Ingenico 3300 PIN pads to process transactions with existing POS equipment and its back-office infrastructure.