May 18 2010, 1:24am CDT | by Luigi Lugmayr
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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Luigi Lugmayr
Luigi is the founding chief Editor of I4U News and brings over 15 years
experience in the technology field to the ever evolving and exciting
world of gadgets. He started I4U News back in 2000 and evolved it into
vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.
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