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Input Devices
- Pin Pad & Chip Reader
- Pin Pad :a device that allows you to put your credit/debit card in and enter your PIN to draw out money out
of your account
- Advantage
- doesn't take long to purchase items at a till
- reduces theft at tills
- PIN numbers help prevent fraud involving lost and stolen cards
- doesn't take long to purchase items at a till
- Disadvantage
- There is a risk that someone would see your PIN number
- Not all countries use Chip and PIN so it could be a problem for travellers
- Decreases banks liability in case of credit card fraud
- There is a risk that someone would see your PIN number
- chip reader : the actual place where you put your credit/debit card in order to pay for something
- Pin Pad :a device that allows you to put your credit/debit card in and enter your PIN to draw out money out
of your account
- Barcode Reader Scanner
- is an electronic device that can read and output printed barcodes to a computer
- Advantage
- Error Reduction
- Inventory Control
- Time Savings
- Error Reduction
- Disadvantage
- Cost Money
- Can breakdown
- Cost Money
- is an electronic device that can read and output printed barcodes to a computer
- MICR
- is a character-recognition technology used mainly by the banking industry to ease the processing
and clearance of cheques and other documents.
- Advantage
- Ease of Readability and High Security
- Small Deciphering Error Rate
- Ease of Readability and High Security
- Disadvantage
- Time Consuming Standards
- Expensive Equipment
- Time Consuming Standards
- is a character-recognition technology used mainly by the banking industry to ease the processing
and clearance of cheques and other documents.
- Magnetic Stripe Reader
- Is a type of card capable of storing data by modifying the magnetism of tiny iron-based magnetic
particles on a band of magnetic material on the card.
- Advantage
- entering data is very fast
- no possibility of data entry errors
- data held on the card cannot be read by eye
- entering data is very fast
- Disadvantage
- can only hold small amount of data
- if the strip get damaged then the data is lost
- are easily dupicate
- can only hold small amount of data
- Is a type of card capable of storing data by modifying the magnetism of tiny iron-based magnetic
particles on a band of magnetic material on the card.
- Smart Card Reader
- is a device used to read magnetic stripe cards
- Used in identification , authentication and data storage
- significantly reduce fraud
- There are concern with a person privacy
- is a device used to read magnetic stripe cards
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