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Credit Card Approval Through The Internet / Finance



Card readers allow customers to access their bank accounts through ATM machines and allow consumers to make purchases using credit and debit cards. The card’s magnetic strip or microchip contains information including the cardholder’s name, account number, card expiration date, and card validation code. The card reader decodes this information, and it is transmitted to a payment processor. The payment processor then verifies that sufficient funds are available to complete the transaction, and the merchant completes the sale. Initial credit card payment devices communicate via PSTN or a dedicated line. However, it has been replaced with Internet, mobile communication network, and so on because of its high costs and slow operation. Sollae Systems’ serial Ethernet and WLAN networking module is a perfect solution for LAN or wireless LAN communication.

Simply applying our serial Ethernet and WLAN networking moudle, faster payment processing is enabled by forwarding credit and payment information to a VAN server and receiving transaction approval via the Internet. Especially it helps customers cut back costs and provides convenience if credit card payment system with a mobile communication network is altered with wireless LAN. In addition, Sollae Systems’ serial Ethernet networking module comes with security protocols (SSL) to protect extremely private information such as credit card number, personal information, etc. while proceeding payments.