When the iPhone was first released a few years ago, the whole world was abuzz with anticipation on how Apple would be able to an above-average cellphone experience to the masses, and I must admit, we weren’t disappointed. Heck, expectations were so high that folks even queued up outside the store for a couple of days before its release, willing to fork out a whopping $599 outright for the handset (and that is even before one takes into consideration the monthly fees). Well, the iPhone has certainly come a long way since its release with incremental upgrades and updates introduced along the way, and it seems as though this smartphone is able to do just about anything (save for stemming pollution around the world). Today, we bring you news of another new function introduced to the iPhone thanks to Mophie – with their iPhone credit card reader.
Mophie, the popular iPhone and iPod accessory and battery add-on maker, will use CES 2010 as the platform to introduce their iPhone credit card reader and third-party app, marking the accessory manufacturer’s first attempt to break into the lucrative mobile payment systems market. The accessory has been unimaginatively dubbed as the “Credit Card Reader”, where each purchase will be accompanied by a complimentary third party processing application which enables one to turn the iPhone into a functional device that accepts credit payments simply by swiping one’s credit card through a special casing attached that is connected to their handset.
There are still a great many details concerning this new mobile payment system by Mophie that have yet to be unveiled, and industry analysts are pretty sure that the device’s success will depend largely on the design and bulk of the iPhone add-on alongsde a price point that is hoped to be customer friendly. Make no mistake, this device isn’t about to start a monopoly in such a segment since it will go up head-to-head against Square. The Mophie Credit Card Reader will be packaged as an iPhone-only shell case which is similar to their Juice Pack Air battery pack for iPhone.
Source: IT Pro Portal