NOW there are devices used on the phone to accept credit or debit card payments. Tool called by iZettle Reader is available starting in Sweden next month.
iZettle Reader can optimally Read Credit Card via iPhone
"devices that want to empower not only the 20 million small businesses across Europe but to all iPhone users to make payments", said by CEO and founder of iZettle, Jacob de Geer, as quoted by the Wall Street Journal website on Tuesday (31 / 5).
IZettle company plans to deliver software, reader and cuts on the smart card payment transactions for U.S. $ 285.
Twitter founder Jack Dorsey also launched similar products in the United States called the Square. However, de Geer stated iZettle different, because it uses a chip that is more secure than magnetic stripe used on credit card machines.
Authorize a credit card reader working portal is not only using the card PIN. " PIN has not been allowed to be used on mobile phones and iPad", added by de Geer.
According to de Geer no card information is stored on the iPhone. Readers and telephone systems together to connect the chip on the card to the payment processor via an encrypted connection.
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