These breaches caused serious, lasting reputation problems for huge, respectable retailers like Target and Home Depot, not to mention untold mental pain for the regular Joes and Janes caught up in the turmoil. What was wrong with the old, magstripe-only credit cards? In a nutshell, they (and their issuers) were outmatched by cybercriminals whose increasingly sophisticated and brazen hacking techniques allowed them to steal credit card numbers with impunity, resulting in ever larger, ever more devastating data breaches that affected millions of consumers at a time. The new cards still have magnetic stripes (magstripes), just like the stripe-only versions they replaced, so they can be used at old-fashioned card readers that don’t support chip cards. But the cards’ issuers, as well as the credit card networks that facilitate billions of credit card transactions per day, believe that chip cards represent the future of plastic payment technology. You’ve probably received new cards in the mail too, complete with little circuit-like chips on the front face. Whether you’re a habitual credit card user whose wallet is stuffed with plastic, or a judicious spender who keeps a single, lonely square on hand for emergencies only, you’ve probably received correspondence from your issuers about the switch to EMV (chip) technology. Or maybe you use a travel rewards credit card to earn points or miles that can be redeemed for free or reduced-cost flights, hotel stays, or car rentals. New features are making it easier than ever for business owners to manage their finances in an efficient manner and receive payments no matter where they are working.Do you use credit cards regularly? Perhaps you have a favorite cash back rewards credit card that offers a small but meaningful return on every dollar you spend. Some also support the latest "tap and go" feature for small payments.Ĭredit card terminals and readers are constantly being upgraded in response to mobile payment trends and advances in credit card security. Most credit card readers support the chip-and-PIN Australian standard, as well as traditional magnetic stripe transactions. This is an impressive and powerful feature to help you stay on top of your business finances. You can create different item categories and even issue refunds, as well as export your sales trends to online accounting services. The apps for credit card terminals and readers have been largely standardised, making it easy for both business owners and customers to feel comfortable using them. Others are larger, separate devices with their own keypad, slots, and screen that connect with your smartphone or tablet through Bluetooth. Some are like small dongles that plug into the headphone jack of your smartphone or tablet and can be used by customers to swipe their credit card, with the transactions handled using a companion mobile app. Whether you want a basic card reader or something with more advanced hardware options, there are a whole range of cash register accessories available. From cash register card encoders and readers to tiny dongles, there's something to suit every business owner. Just connect them to your smartphone or tablet and let the transactions app do the rest. Whether you've got a stationery business or are constantly on the move, they're an ideal companion in an age when few people carry cash. Shopping without cash has never been more convenient and credit card terminals and readers are just another way that purchasing goods and services is becoming even easier.
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