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Merchant Accounts | Credit Card Processing
Press Room Archive: July
2004
VeloCT Expands IP Swipe Feature Set
July, 2004 (Olympia,WA) - VeloCT, a leader in high performance digital payment processing, announced today that the newest version of its Digital Payment Platform includes expanded IP Swipe (Swipe-over-IP) functionality capabilities.
IP Swipe capability allows merchants to use the VeloCT Virtual Terminal to enter (swipe) data from a customer's credit or debit card using a card reader. This new expanded capability eliminates the need for separate POS terminals or separate phone lines for data exchange to occur.
Data from a standard card reader is automatically entered into the correct fields in the VeloCT system for easy processing. The merchant achieves the full benefit of high-speed Internet based transaction processing at card-present interchange rates. A major feature of this upgrade; card-present transactions will now appear with card-not-present and ACH transactions in all existing VeloCT reports and statistical histories. By consolidating all transaction records in one complete report a merchant can now obtain a clear picture of their business with consumer purchasing patterns by payment type included.
VeloCT has recently completed the stringent annual re-certification for Visa Cardholder Information Security Program (CISP) compliance and is an active participant in MasterCard's Site Data Protection Service (SDP). Additionally, Visa has certified VeloCT's own Verified by Visa Merchant Protocol Interface.
For additional information on VeloCT's Digital Payment Processing Solution please visit our website (www.fasttransact.com).
About VeloCT
VeloCT has been a leading provider of digital payment solutions since 1999. Our high performance processing solutions offer merchants unparalleled reliability, continuous market driven development of advanced product features and powerful multi-level security against fraud for all Internet based transactions. For more information, visit
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