DeviceFidelity announced the availability of its In2Pay solution for iPhone, designed to enable iPhone users to make contactless payments, such as Visa mobile payments, by simply waving the iPhone in front of a contactless payment terminal.
The solution combines DeviceFidelity's In2Pay microSD technology with a specially designed, patent-pending protective case that adds mobile contactless capability and works with iPhone 3GS and iPhone 3G.
DeviceFidelity and Visa collaborated to combine Visa’s contactless payment technology, Visa payWave, and In2Pay technology to transform a mobile phone with a microSD memory slot into a mobile contactless payment device. Today’s announcement extends this functionality to iPhone and has the potential to accelerate the adoption of mobile contactless payments globally, especially in geographies where merchants have already upgraded payment terminals to accept contactless transactions.
The nice thing about this solution is that you do not have to hand over your credit card to someone. The downside is that it will take a while until you find a contactless payment terminal in every shop.
Via the DeviceFidelity site.
There is also already a solution that lets you take credit card payments on the iPhone called Square.
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