iPhone to get Credit Card reader add-on

Emulate Apple store salespeople

30 December 2009 23:27 GMT / By Stuart Miles

iPhone users will soon be able to join Apple in turning their phone into a credit card reader thanks to a new gadget about to be launched by Mophie.

The Credit Card Reader will be a combination of a dedicated hardware device that bolts on to your iPhone or iPod touch, and third party app that will allow small businesses the ability to take credit card payments on the go.

The move from mophie, who has so far focused on battery packs to extend the life of the iPhone, pits the company up against newly created company Square, created by Twitter founder Jack Dorsey, which also allows iPhone users to take payments on the go.

More information is promised at CES 2010.

We will keep you posted.

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Comments

Found another site that has a bit more information on this
http://tiny.cc/yvhmj
Posted by Serafina, Canada
I can't believe they missed this line...

"There's a credit app for that"

How long before someone cracks the encryption and can steal credit card numbers? Posted by Dave C, USA
Sounds a lot like Square: https://squareup.com/ Posted by Andrew Odri, Canada
This one looks like it will be leader in space:

http://www.paywaremobile.com/ Posted by Norb, USA
Seems like the perfect gadget for "adult companions" and "phramaceutical salespeople" - just saying ;) Posted by Alex, USA
I thought the banking industry were moving away from magnetic strips because they are insecure. And here we have another company promoting the continued use of the insecure strip. Crap. Posted by Budda, UK
this app clearly opens up a whole new raft of opportunities, when looking to check out for a new mobile deal i use this site.
mobile deals Posted by donbrad, United Kingdom
Why would the magnetic strip be any more insecure than printing the card's digits and expiration date right on the front? It's just a more efficient way to transfer the data into a computer than manually keying it in.

A person still have to have physical access to the credit card to use the mag-strip.
Posted by Tom W, USA
Congratulation!

How much cca ??

Posted by ZsozsoBa, Hungary
A person still have to have physical access to the credit card to use the mag-strip Posted by steven george, Australia
Wav! now i will enjoy my party at anywhere in anyplace.is this secure transaction? can every person scratch on individual mobile or anything else.think on it.don't take so much risk.because it is related with our money. Posted by cheap mobile phones , Florida
iPhone pay monthly deal is really a wonderful provided by network service providers like O2, 3, T-Mobile, and Vodafone. They provide an uninterrupted communication with a concession price.

Posted by iphonepaymonthly, US
Pay as you go phones allow the users to make all the payment of usage in advance. It is fit to control on the expenses that are made by talking on the mobile phone.

Posted by paygiphone, US