November 25, 2020

App turns iPhone into a credit card terminal

As if phones didn’t already do enough, one of the latest mobile apps transforms iPhones and iPod Touches into portable charge card terminals. ProcessAway plugs into Authorize.net’s payment processing platform, allowing entrepreneurs to accept credit card payments anywhere they can access the internet.

After downloading the app and (separately) setting up a merchant account with Authorize.net, clients can use ProcessAway like a traditional charge card terminal: enter the amount, input the card number, expiry date and verification code, and process. There’s even a tip option for service businesses. Customers receive an email receipt for each transaction, and merchants can view transactions and process refunds on the fly. Aware that consumers might be weary of having their credit card details punched into a phone, ProcessAway stresses that’s a secure application: information is never stored in the phone and the program won’t connect to anything other than the terminal.

If it can gain trust and acceptance, ProcessAway could be particularly useful for those who need to process and authorise payments on-the-go, like on-site consultants or handymen. It’s also useful at venues that don’t have fixed terminals: antique shows, market stalls and music merchandise stands.

ProcessAway is available from Apple’s App Store for USD 19.99, and Authorize.net collects its usual transaction fees. ProcessAway isn’t the only one playing this field: Innerfence released its slightly more basic Credit Card Terminal app late last year. Although both programs are currently only available in the US, they could be a valuable tool for minipreneurs in other parts of the world.

Visa Introduces a Credit Card on a Phone

Visa is introducing a cellphone payment system that is more than sticker-thin. The service is currently available only in Malaysia, but it will be expanded to other countries in coming years.

Like some phone payment schemes already used in Japan, the Visa service uses a chip on the phone to communicate with a payment terminal. But the latest version is based on a global standard for phones and telephones called near field communications.

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Phone Swipe – Credit Card Terminal

Accept credit card payments by turning your iPhone, iPad, or iPod touch into a mobile credit card terminal with Phone Swipe.

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Is Your Next Credit Card Your Cell Phone?

Get ready to retire that worn leather wallet. If some of the country’s biggest tech companies have their way, all the plastic cards crammed into your billfold will soon find their way into your phone.

Apple is planning to introduce a service that would let consumers use their iPhones and iPads to purchase products, essentially turning a user’s cell phone into a credit or debit card, according to a Bloomberg report.

Citing Richard Doherty of consulting firm Envisioneering Group, the report said Apple plans to embed NFC (near field communication) chips into its next generation iPhones and iPads that can beam and receive information within a distance of up to 4 inches.

Instead of swiping plastic to pay at the register, a user could just take out a cell phone and wave it near an NFC-enabled reader. The purchase amount would be deducted instantaneously.

When reached by ABCNews.com, Apple spokeswoman Natalie Harrison said the company does not comment on rumor and speculation. But the report has industry watchers buzzing about the potentially game-changing technology that could eventually transform cell phones into so-called digital wallets.

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