(Click here for larger image)"Although it may seem that cards have replaced checks, there are many places in the World where check usage is still high," said Above-Net executive VP Antonio Lannes. "In fact, even in the U.S. over 11 percent of all transactions in 2005 used checks, according to a report from the ABA, (American Banking Association)." Lannes also cited a recent report from Global Concepts projecting that, even though check writing is declining, there will still be 26 billion written in 2009.
The check reader works with the ECMA and ISO STD 1004-1977 CMC-7 code standards with a maximum of 50 characters. Processing time is less than 20ms with a rejection ratio lower than 0.5 percent, according to Above-Net. The device incorporates audible and visual indicators to signify correct reading or an error. The company expects to have a version for the MICR E13-B available in the third quarter of 2006.
"Our customers have continuously asked for this added capability," continued Lannes. "Applications such as service people visiting households and needing to complete the charging process can now offer all types of payment methods all fully secured by on-line authorization via the units wireless CDMA/1xRTT or GSM/GPRS capability."
About the Top100PThe Top100P is a lightweight, "ultramobile PC" targeted at applications such as mobile workforce automation and point of presence sales, according to Above-Net. It runs Windows CE 4.2 on a 400 MHz PXA255 and integrates a thermal printer and magnetic stripe and smartcard reader. A range of wireless connection options is available.
Learn more about the capabilities and specs of the Top100P from this
WindowsForDevices Device Profile:
Device Profile: Above-Net Top100 series handhelds
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