Wednesday, May 6, 2015

It's all in the wrist!

The imprinter gestural system, otherwise known as "the swipe" in payment transactions, is on its way out according to our Director, Bill Maurer. Check out the featured article over at Visa's tumblr.

"Anyone remember the knuckle-buster or zip-zap machines as they were called? Those old credit card imprinters made by companies like Farrington Manufacturing (now defunct) and Addressograph (still in business and making military dog tags). If you were a merchant, you used it like this: you placed a sales slip, made with carbon paper, into the device along with your customer’s credit card. The device had an embossed metal plate containing your business’s account and address information. With a right-left swipe of the handle, it would mark all of the information needed to initiate and verify a transaction...."

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