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Credit Cards Payments Through iPhone!

Popular iPhone and iPod accessories maker “Morphie” is set to unveil its new accessory that turns your iPhone into a credit card reader.

This credit card attachment will allow users to accept payments by swiping a customer’s card on the device. According to reports, this attachment will come with a third party processing application.

It’s unclear how the technology will work exactly, especially as the iPhone API currently doesn’t allow credit card information to be scanned directly into the Safari browser to shop online.

Details of the system will be officially unveiled at CES later this month, but some analysts say that the design and ease of use will decide whether this product will be widely accepted.

It won’t be the only card reader available for the iPhone. This new product will be competing against Square, the first mobile payment designed for Google Android and iPhone by Twitter co-founder, Jack Dorsey and currently in private beta. Square offers a similar device which allows iPhone and Android users to accept payments. Square says its service will be made available for public use in “early 2010.”

This entry was posted on Monday, January 4th, 2010 at 12:05 am and is filed under iPhone App Reviews. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

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