The Verifone Tranz 330 is a basic payment transaction point of sale (POS) terminal with pre-programmed prompts for banking applications. It is made to communicate with a host computer, which is usually located in a financial institution or a merchant’s data processing center. These host computers can store and process significant amounts of data that include customer account history and transaction stamping.
When the Tranz 330 communicates with a host computer via telephone lines, it makes this vast database accessible to the terminal operator, and notifies the operator whether or not a transaction can indeed be authorized.
The Tranz 330 terminal can be programmed to perform nearly ten different transactions with various remote host computers. The individual transactions that can be processed depend on the application programs that have been downloaded to the terminal.
A typical host transaction involves dialing the host computer, providing the host computer with information about the terminal and the customer, and receiving authorization to complete the transaction.
A single transaction key is reserved for every type of transaction used by each host computer. As an example, if a terminal operator uses three different transactions for each of three different host computers, that operator will need to set up all nine transaction keys.
The Tranz 330 can handle several critical functions for a low cost,
especially when a merchant requires a quick way to authorize credit
cards, process credit card sales and guarantee personal check payments.
Besides traditional standard credit card transactions, the Tranz 330
lets a merchant add more capabilities as the merchant account needs
evolve. A merchant can easily add an optional PIN pad for processing
debit or ATM cards, or support other POS applications. This feature is
useful for processing transactions such as government benefits programs
and healthcare payments, each of which involves the transfer of credit
value instead of legal tender (cash).
The Tranz 330 uses what is called TCL, the VeriFone Terminal Control
Language designed specifically for processing payment transactions. This
versatile system allows quick creation, addition or updating of
applications, and also enables merchants to print out accurate sales
receipts and reports by connecting to a broad range of roll, slip or
even sprocket printers.
For easy operator instruction, the Tranz 330 guides a merchant
representative through each step of every transaction with simple
prompts displayed in big legible letters. In fact, a normal credit card
transaction can be completed with just a few keystrokes.
With the other Tranz, the Tranz 380 X2, merchants will have one
transaction terminal that handles the load of two. Without buying
another separate terminal or paying for the development of unique
integrated software, merchants can capitalize on this extra application.
Tranz 380 X2 has memory segments that are independent. These enable
users to begin an authorization application for credit cards in one
segment and, in the other, run a second, different application.
Efficient and rapid, the Tranz 380 X2 helps keep cashier lines short and fluid in bars, airlines, fast food restaurants and other consumer-packed places. It permits merchant users to go from a one software application to another rapidly. The Tranz 380 X2 collects data in one swipe from track one as well as track two of a magnetic-stripe payment card, which allows merchants to access to the data needed for personalizing receipts and running specialized programs.
There are several product highlights for all merchants to take note of in both the Tranz 330 and the Tranz 380 payment card devices, which have enormous benefits:
- The Tranz 380 increases the capacity of an normal terminal, as it has two independent memory segments capable of running two separate applications
- both Tranz machines will process all major debit, credit and exclusive cards;
- they provide inexpensive electronic funds transfer, credit card authorization, guarantee of checks and capture of data for a multiplicity of retail applications;
- they manage business applications that maximize profits and streamline recordkeeping;
- they execute fast batch processing, and review trail searches as well as account range selection;
- they trap data from both tracks of a magnetic-stripe card in a one card swipe;
- they streamline the process of updating and creating application programs by means of the VeriFone TCL (Terminal Control Language);
- they allow for rapid downloads of applications and transfers of files through VeriFone’s advanced Zontalk 2000;
- they support PIN pads, VeriFone printers, readers for checks and other peripheral items crucial to merchants;
- they prompt merchants through every regular transaction step with precise messages on a clear display; and
- they include powerful security control and fraud prevention features often needed in bankcard scenarios.