Mophie plans to release iPhone credit card reader
The iPhone has changed a lot of things that we do on a day to day basis. Now you can process a credit card right on your iPhone by using an accessory from Mophie . The company is planning to release a card reader that will allow easy processing of a credit card by swiping it through the device linked to an iPhone.
The potential for this credit card reader is huge. It can transform how small businesses transact with their clients. At the moment there is an application on the iPhone which allows merchants to manually punch in your credit card information to process a payment but this encounter a lot of security issues and of course it can be a lot of hassle. If Mophie can really come up with the secure credit card reader a purchase which takes roughly takes around three minutes can be done in just a few seconds.
Mophie is meeting head on with Square, a company focusing on mobile payment founded by Twitter co-founder Jack Dorsey, in getting a secure credit card reader for an iPhone in the market. Irregardless who comes up first with the device, this will make things a lot easier for small business owners.
