iPhone credit card swipe war heats up
By Jessica Bruder, contributing writerFebruary 9, 2010 - CNNMoney.com
NEW YORK (CNNMoney.com) -- What if your iPhone took plastic? Imagine if your business could use it as a mobile credit card processor, a swipe-and-go system for ringing up payments wherever you roam.
Three rival companies are placing heavy bets on that vision, bringing to market three different magnetic stripe readers this year for use with Apple's (AAPL, Fortune 500) iPhone and iPod Touch. They're battling each other for the hearts -- and wallets -- of mobile merchants, promising an improvement over the clunky, hardwired credit card terminals that have been a staple of brick-and-mortar commerce for decades.
"Our only concern is that we're not able to get this into people's hands fast enough," says Twitter co-founder and chairman Jack Dorsey, who unveiled his new startup, Square, in December. Dorsey says the company will release its tiny, square-shaped credit card readers -- each roughly the size of a quarter -- early this summer. (more)
NEW YORK (CNNMoney.com) -- What if your iPhone took plastic? Imagine if your business could use it as a mobile credit card processor, a swipe-and-go system for ringing up payments wherever you roam.
Three rival companies are placing heavy bets on that vision, bringing to market three different magnetic stripe readers this year for use with Apple's (AAPL, Fortune 500) iPhone and iPod Touch. They're battling each other for the hearts -- and wallets -- of mobile merchants, promising an improvement over the clunky, hardwired credit card terminals that have been a staple of brick-and-mortar commerce for decades.
"Our only concern is that we're not able to get this into people's hands fast enough," says Twitter co-founder and chairman Jack Dorsey, who unveiled his new startup, Square, in December. Dorsey says the company will release its tiny, square-shaped credit card readers -- each roughly the size of a quarter -- early this summer. (more)
1 comments:
I first read about this here Credit Cards Payments through iPhone!
and I must say that the way we do our business took another step forward and I think this will soon revolutionize the way people do business as this technology became more available with a greater variation of mobile phone
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