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Credit Card Processing
Ordinarily, most businesses process credit card
transactions using a stand-alone software package supplied
by their bank or financial institution. Third party
software is available that will support most credit
card transactions. If the supplied credit card package
is a stand-alone application, the user's host application
will not be able to pass information from a sales transaction
to the credit card software because of it's restrictive
design. The customer's information and the sales information
must manually be entered into the credit card program.
Of all general business transactions, credit card
processing involves the most repetitive data entry
job where many mistakes are made. Numbers are transposed,
decimal places in the dollar amounts are off by one
or two digits, numbers are incorrectly keyed in, etc.
The credit card number alone has 10 or more random
digits! By bar coding the credit card number, the expiration
date, and the dollar amount on the order, an operator
can achieve nearly 100% accuracy and save as much as
50% of the processing time for each credit card transaction
with a simple bar code wedge decoder and a CCD scanner.
If the credit card number, the expiration data,
and the dollar amount were bar coded, the operator
would simply scan each of these fields directly into
the credit card application. Most wedge decoders even
support pre- and postamble characters that allow TAB
keys, ENTER keys, as well as many other characters
to be appended to the data to step the operator through
the same keystrokes required to enter the information
manually. If high-volume credit card processing is
a routine procedure, this solution is a must.
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