Sign On The Dotted Line
In our 05:02 issue we published a story on Visa Chargebacks and the reasons for them. One of those reasons was lack of signature. Well, PenWare Inc. of Sunnyvale, California has just released a low-cost signature transaction terminal, the PenWare1500, that may all but eliminate the of lack of signature problem.
The PenWare1500 allows merchants to electronically store and track customer signatures in credit transactions. This tracking can eliminate chargebacks and reduce the cost and waste associated with paper receipts. To compare the signature to that on the card, merchants can view the electronic signature on their terminal or on the optional PenWare120 auxiliary display.
With the
PenWare1500, customers view their signatures as they sign the highly
visible LCD screen, mirroring the pen and paper experience.
"We understand that different retailers have tailored needs for their POS solution. The PenWare1500 provides an affordable, effective signature transaction solution regardless of the size of retail operation," stated Aziz Valliani, President of MobiNetix Systems, Inc. the parent company of PenWare.
The unit retails for $275 and can integrate with any POS system with a mag stripe reader and MS platform. The PenWare connects directly to all POS systems or to an existing debit terminal. For more information about other PenWare transaction terminals, visit the web site at http://www.penware.com or call toll-free (888)PenWare.
