One of the most requested credit card processing enhancements has been the use of swipers for reading encoded data from from credit cards.
As you probably know the fee credit card processors charge for a card which has been swiped is less than one which has been manually keyed in. The reasoning behind this being that a swiped card has a higher level of security and thus less likelihood for fraud.
Credit card swiping integration is scheduled to arrive late 2012 with the use of Sage Exchange as the credit card processing solution. Sage Exchange is a cloud based integration which off-loads the processing of credit card transactions from software by linking in the authorization remotely.
In addition expect integrations between portable credit card swipers used on smartphones such as iPhone, Android or Blackberry.
Sage Exchange is the integration platform for credit card processing being used by all of Sage’s North America products. The product will completely replace PC Charge as well as the Sage credit card processing module. Instead all card data will be uploaded to Sage Exchange where it will be securely stored. Transactions will be processed between the MAS90 software and Sage Exhange – which removes the need to continually certify Sage upgrades as PCI compliant.
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