Credit card terminals do not have a long history, but their evolution has been market by great breakthroughs. The technology is built on the underlying principles of reliability and security. Therefore, the improvements brought to these devices were focused on increasing their security. Today, credit card terminals use advanced encryption methods to protect the information of the user. Great improvements were made in another direction as well: convenience of use. From bulky, immobile and difficult to use terminals to light, compact and mobile machines, payment terminals are now easy and convenient to use, benefiting businesses and their customers alike.


After credit cards have started to gain popularity around the world, the introduction of manual imprinters in the system has marked the first breakthrough in the evolution of credit card terminals. Although they have been around since the beginnings, the devices are still widely used in many countries as a backup in case the primary processing method is unavailable. This merchant credit card processing method is also used by companies that have yet to upgrade their systems. In the past, cards would be imprinted using this device and the slips would be mailed to the banks. It was a time consuming process, far from the standard capabilities of today?s technology that can ensure instant transfers. Manual imprinters are faster to use at the moment, because approval of transfer is obtained through telephone calls and the money can be deposited electronically.


Electronic authorization represented another step in the payment processing history. The first ever electronic card authorizations were completed over the phone. The time to process a payment through this method was approximately five minutes. Merchants generally preferred to use imprinting rather than electronic authorization, unless there was a large transaction and voice authorization seemed a safer solution. Point of sale terminals were introduced in the eighties. Large and heavy, the terminals would capture electronic data faster than any other method known at that point. The magnetic information stripe was also introduced during this period and MasterCharge became MasterCard. Credit card terminals as we know them today were invented some ten years after that. Smaller, safer, faster and lighter, the devices became insanely popular.


Nowadays, people have started to use their credit card to pay for everything and do not carry cash on them anymore. One of the most noteworthy merchant credit card processing solutions of our time is the emergence of the wireless card processing machines. Light and compact, the mobile terminals are perfect for companies that provide mobile services. You can find mobile payment processing machines with multiple connectivity options from various manufacturers like Modern terminals ensure minimal consumer waiting time, advanced encryption and decryption for maximum security, and even NFC capabilities. On-the-spot transactions are convenient for businesses and consumers alike. Less time consuming and safer, the credit card payment processing machines of today are widely used by merchants and service providers around the world and the improvements to the technology does not have to stop here.