Saturday, June 25, 2011

Card.io takes on mobile payment through credit card photos

Two ex-Admob executives have launched a new mobile payment system for both iOS and Android devices. The Card.io payment system is designed to work as embedded code within a third-party app. At the time of purchase, a Card.io-enabled app is launched by the user and snaps a photo of their credit card. The built-in Card.io functionality then scans the card for the necessary information required to process a payment through the participating merchant�s third-party payment system. Upon completing the transaction, the data is immediately deleted....

Source: http://feeds.macnn.com/click.phdo?i=f289a59373e502033349be64671589ea

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