Apparently HomeATM had the right idea when it came up with this 18 months ago because it seems like there's a new device every week...
Remember...amidst all the hype and hoopla, security and encryption remain key ingredients. Smart phones use browsers. Browsers are used by hackers to obtain and use your card numbers. Encryption needs to be done outside the browser. HomeATM instantaneously encrypts the data at the maghead inside our device. Therefore the card data NEVER enters the browser space, be it the web browser on a PC or the browser used by smart phones.
Mophie to roll out iPhone credit card reader
Mophie, maker of slim-'n-handy battery-extending Juicepack Air iPhone cases, now ventures into the world of credit card readers with its product that'll be rolled out at CES 2010 this week. Imagine that — now everybody with an iPhone will be able to accept MasterCard, Visa, Discover, or American Express. At last, an easy way to pay for those $20 sandwiches on airplanes.
This credit card reader is attached to the bottom of an iPhone case, and includes a transaction application that makes it so all stores can be as hip and trendy as Apple retail outlets, eschewing cash registers altogether. But wait, isn't there a chip on credit cards that might make all this physical swiping unecessary?
Via Pocket Lint
