Employing IP technology to enable a payment device to connect to a processor host system via internet will increase the speed of card authorization while decreasing communication costs. It is realistic to reduce a 15 - 20 second payment transaction times to 3 - 5 seconds.

Savings for the merchant can be realized with the elimination of costly dedicated phone lines and faster service to their customers.

With EMV transaction becoming more and more popular in all parts of the world, users all over the world begin to realize the longer transaction time due to the local processing features of an EMV transaction. IP enabled technology will help to reduce the communication time and thus compensate for the longer processing time.

IP technology will be a need and important feature for EMV payment devices.