Creditnet News Story
Companies unveil cell phone credit card readers
Saturday, January 2, 2010
By Danielle Robson
Devices allow users to swipe cards on their iPhones.
Payment convenience is one of the things a credit card offers, and a number of companies have recently announced products that may make plastic even easier to use.
For example, Mophie, which is a company that specializes in cell phone accessories, recently announced it will launch a credit card swiping attachment for Apple's iPhone. Rather than typing in a credit card number to make a transaction through the iPhone, people who have the device will be able to swipe their card just as they would at a retail counter.
The company is expected to add further details about the product at the upcoming 2010 International CES, which is a large, consumer electronics convention that will be held from January 7 to January 10 in Las Vegas.
The product from Mophie will have to compete with a similar device developed by Square, whose CEO is Twitter co-founder Jack Dorsey. The device launched recently by Square attaches to the headphone jack of a cell phone. The device features the ability for consumers to have receipts from transactions emailed or text messaged.
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