Think of the last time you went to the mall and craved an ice-cold Coke. Contactless Payments Might Be an Optionīecause many companies are switching to payment methods such as Apple Pay, Google Pay or the like, vending machine card reader technology has to keep up as well. A few more seconds spent at the vending machine is worth it when it means your payment is secure and you don’t have to worry about fraud over something as simple as a two-dollar beverage or 75 cent bag of M&M’s. This is because the payment information is transferring in real-time and the data must be encrypted. Keep in mind, chip transactions tend to take just a few seconds longer than the magnetic stripe transactions. Vending machines typically won’t ask you for a PIN number or signature. Your transaction code gets sent to your bank, where it will transfer to the receiving bank, and your purchase will be complete. It will change every time you make a purchase in that vending machine - that’s what makes chip-reading technology so fraud-resistant. As with anything else, whichever snack or drink you bought has a data code that is unique to your card and your purchase. Inside the hardware where you insert your card, the process of encrypting your purchase begins. Dipping your card in a vending machine is just as safe as dipping it in the attachment a cashier has on his or her tablet. The people who create payment terminals are not going to make vending machine payments any less secure than they would be at a payment terminal manned by an employee. Security Doesn’t Take a Backseat Just Because it’s Unattended So, if you try to swipe your card and it doesn’t let you move forward with the transaction, it’s probably because it knows your card has a chip and it’s waiting for you to dip it. The magnetic stripe reader in the vending machine is for those who still haven’t been issued a card with a chip in it. All cards that have chips right now also have the magnetic stripe, but that doesn’t mean you have the option. One thing to note is that there is no one working a vending machine to remind you that you have to dip. The screen will prompt you to insert your card, it will communicate with your bank, authenticate your purchase and ask you to remove your card. Banks are still in the process of completing the switch from magnetic stripe to chip reader cards so vending machines are still equipped with a stripe to swipe your card, a slot for cash and coins and some have been updated to accept chip readers.ĭipping your card in vending machines works the same as it would at a checkout counter in a shop. You Don’t Need a Chip-Enabled Card to Use a Vending Machine…yet Newer vending machines are being equipped with chip card reading technology, and its important to understand the changing technology.ġ. But what about those times when the machine doesn’t give your change back, or worse yet, doesn’t take your crumpled bills? They’re quick and convenient with no human interaction.īesides the once in a while frustration of trying to shake your bag of pretzels loose from the last rung of the vendor when it gets stuck, the machine is probably pretty stress-free. If you’re an on-the-go person and don’t like waiting in lines for snacks or drinks, or if you’re at work and need a mid-afternoon caffeine kick, chances are you visited a vending machine a time or two. Vending Machine Card Readers: 4 Things to Know
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |