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A Thing

A nearly virtual terminal

Product: CoreTrex
Company: TechTrex Inc.

A fairly recent development in payment processing is the virtual terminal. This solution allows merchants with multiple POS units to connect to the same payment center, accessed via the Web.

Merchants purchase software installed on every PC that accepts payments. This allows access to a Web site on which customer information is entered.

The major selling point? No hardware is needed (but usually there is a monthly fee). TechTrex Inc., a payment hardware provider, has come out with its own version of a virtual terminal, called CoreTrex.

The product is processing hardware installed anywhere on a merchant's local area network (LAN). The device includes a built-in Apache Web server, and up to 15 PC terminals can connect to it. Users connect to CoreTrex by entering the Internet-protocol (IP) address in their Internet Explorer Web browser.

This Web site can only be accessed through merchants' internal networks, not from their external sites. Here employees are able to enter the payment information into the browser; the information is then sent through the CoreTrex device.

Once the hardware is installed, everything is accessed from the internal network. This enables speedy access and processing. Also, there is no monthly fee, since everything is run through the merchant's LAN. The device also has a serial port for adding a mag stripe reader or PIN pad.

For merchants using more than one peripheral, there is the option of additional hardware, a serial converter, which allows up to 15 peripherals.

Currently, only card readers and PIN pads can be connected, but future plans call for check scanners and other devices. CoreTrex is ideal for integrating IP-based payment processing with merchants' existing PC applications. It eliminates unnecessary data entry and saves time.

TechTrex Inc.

Article published in issue number 060201

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