Latestinvention
Thislatestinventionusesasmallscannerthatplugsintotheaudioinputjackonamobiledevice.
Itreadsinformationonacreditcardwhenitisswiped.Theinformationisnotstoredonthedevicebutisencryptedandsentoversecurechannelstobanks.
Itbasicallymakesanymobilephoneacashregisterforacceptingcardpayments.
Asapayor,youreceiveareceiptviaemailthatcanbeinstantlyaccessedsecurelyonline.Youcanalsouseatextmessagetoauthorizepaymentinrealtime.
Retailerscancreateapayoraccountfortheircustomerswhichacceleratesthepaymentprocess.Forexample,acardholdercanassignaphotototheircardsotheirphotowillappearonthephoneforvisualidentityconfirmation.Mobiledeviceswithtouchscreenswillalsoallowyoutosignforgoods.