Finance | Applications

category finance

Payment System For Vending Machine

payment system for vending machine

Older vending machines normally work with only coins. This has resulted in inconvenience for both management and consumers. A lot of regular administrative work such as emptying and cash refill was required as well as the inconvenience of carrying changes for customers. However, embedding with our networking module allows managing vending machines more conveniently and effectively since it performs payment process via the network. It also benefits consumers from simple payment by credit card or with mobiles.

  • WLAN Networking Module  :   CSW-H85K2  

Sollae Systems’ serial WLAN networking module guarantees reliable performance to prevent data loss in the middle of transmitting and offers a high level of protection with enhanced security protocols for sensitive information.

Automated Fare Collection System

auto payment

Automated fare collection is now widely used in many sectors - bus, rail, ferry, road toll, parking, fast-food establishments and even convenience stores. It provides faster transactions, more affordable operations, and more efficient collection. Take a look at an example of automatic fare collection system where Sollae Systems' serial Ethernet/WLAN device server is applied to automatic ticket gates of subway or railroad.

Sollae Systems’ serial device servers connected to turnstiles in public transport stations such as subway add network connectivity and allow independent communications with the central system. Therefore, it is more convenient to collect fare and manage enormous data of daily passengers. In the case of using a commuter card, information about the day of beginning to use, entering the station, and arrival station are recorded automatically which allows for more convenient and efficient management.

Credit Card Approval Through The Internet

credit payment

Card readers allow customers to access their bank accounts through ATM machines and allow consumers to make purchases using credit and debit cards. The card’s magnetic strip or microchip contains information including the cardholder’s name, account number, card expiration date, and card validation code. The card reader decodes this information, and it is transmitted to a payment processor. The payment processor then verifies that sufficient funds are available to complete the transaction, and the merchant completes the sale. Initial credit card payment devices communicate via PSTN or a dedicated line. However, it has been replaced with Internet, mobile communication network, and so on because of its high costs and slow operation. Sollae Systems’ serial Ethernet and WLAN networking module is a perfect solution for LAN or wireless LAN communication.

Simply applying our serial Ethernet and WLAN networking moudle, faster payment processing is enabled by forwarding credit and payment information to a VAN server and receiving transaction approval via the Internet. Especially it helps customers cut back costs and provides convenience if credit card payment system with a mobile communication network is altered with wireless LAN. In addition, Sollae Systems’ serial Ethernet networking module comes with security protocols (SSL) to protect extremely private information such as credit card number, personal information, etc. while proceeding payments.

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