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Please pass the salt and pepper…oh, and don't forget my personal credit card processing machine!

May 5th, 2010 | News,Online & Small Business Resources,shopping,Small Business,Small Business Tips | No Comments »

A few weeks ago I was eating at a local sushi restaurant here in Denver (Banzai Sushi – highly recommend it) when something happened that has never happened to me in a restaurant before.  After my wife and I finished eating our delicious dinner we asked our waiter for the check and instead of bringing us a money holder with the bill in it, he reached into his back pocket and placed a miniature credit card processing machine on our table with a paper copy of the bill and left.

After my wife and I stared at it and then each other for a second we read the very basic steps on the machine and in seconds swiped our own credit card, printed the bill, signed the check, and left.  What a great idea!  I am not sure why or how this idea was formulated at this specific restaurant but I imagine that it started with some fraud complaints of some type from customers.  I thought that this solution was a great opportunity for the restaurant to not only resolve the possible fraud issues around customers giving a perfect stranger their credit card but it also saved time.  Other than the obvious additional expense of the credit card readers that would be needed I am not sure why more restaurants have not started implementing this new process.

I did a little research online and also found out that a new device called the SmartSwipe is becoming more popular recently as well.  This at-home credit card swiping machine that connects to your home computer through the USB port takes another part out of the fraud equation when shopping online, a virus on your computer, by immediately encrypting your credit card information and sending it to the merchant securely.  This device makes it impossible for trojan horse-type viruses that may unknowingly reside on your home computer to secretly grab your credit card information while you type it into your browser.  I think this is another great invention that speeds up credit card transactions and makes them less liable to fraud.

Have you noticed any great new inventions out there that have reduced fraud while shopping online or in stores?  (besides KikScore of course)

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