In addition to our CircleSwipe, HomeATM also manufacturers a magnetic stripe card reader WITH a built-in PCI 2.x Certified PIN Pad which plugs into the earjack of any cellular phone, smart or not so smart, and enables the more secure PIN based transaction. Because the PIN based transaction is 15 times more secure, the Interchange rate is on PIN Debit is significantly lower than that of straight credit or signature debit transactions.
- Like the Square, CircleSwipe DOES NOT accept PIN transactions.
- Like the Square, CircleSwipe CANNOT be used used with Smart Cards, only magnetic stripe cards
- Unlike the Square, the CircleSwipe was designed to ensure the cardholder data stays secure.
- Unlike Square, CircleSwipe 3DES Encrypts the Track 2 data at the magnetic head in order to keep the cardholder''s data from ever being in the clear.
- Unlike SQUARE it is made of unbreakable vulcanized rubber and flexes