Almost all businesses nowadays accept payment for purchased goods or rendered services in the form of cash, gift cheques and credit cards. Of the three, most transactions are completed using plastic money, as such, it is important that point of sale systems are able to conduct fast yet secure verification processes.

There are two ways by which credit card transactions can be verified. The first kind is through telephone, and the 2nd is online, through the internet. Credit card verification through telephone was the way card transactions were completed prior to the introduction of more sophisticated POS systems which integrated credit card functions in the program.

Between phone and internet based credit card verification processes, the latter method is most recommended. This is primarily because internet based verification can be completed in a shorter span of time than if the phone lines were to be used. This is because merchants seldom encounter busy signals nor do they have to wait for an open line. Through the internet, various staff members can simultaneously request for credit card verification through their individual terminals (provided, of course that the appropriate Credit Card Verification System software has been installed in all units) and subsequently receive the confirmation from the bank in an instant (usually within a few seconds). In addition, there is no need to install several phone lines and specifically allocate these for the purpose of credit card transactions.

Another reason why credit card verification through the internet is more preferred is that it is more secure. There are lesser chances that the data you are transmitting would be accessed by experienced phone hackers.

Apart from these benefits, it is easier to keep track of all transactions when credit cards are verified through the internet, instead of over the telephone. Most systems keep a database of information that is sent out and the data can be retrieved whenever necessary.

Finally, it is easier to complete credit card transactions through the internet. The attendant will only need to swipe the card through a magnetic reader and the machine will automatically transmit the data through the wires. Unlike phone based verification, a phone number must first be dialed, and oftentimes, the credit card number of the customer, as well as the price of the item being purchased, must be plugged in manually. This process takes time and is also prone to errors and is greatly reduced when using internet based systems. Verification through the internet is not only fast, it is also efficient, reliable and most importantly, safe – both for the merchant and the consumer.

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