In the USA, a system was brought onto the market by the e-payment specialist VeriFonethat should enable secure credit card transactions for smartphones. Mainly small businesses, which were previously shy of the high costs involved, should be attracted by this system.
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IPhone as a credit card reader
Under certain conditions, VeroFone guarantees a reduction in transaction costs of up to 30%. A special IPhone case is to serve as a card reader, which also ensures the encryption of the data for electronic transmission.
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A stylus is included for the customer's necessary signature on the display. The payments are then processed with the help of an app and a merchant account with the credit card company. There should be competition for this system in the course of the year. Including a more compact and simpler one, which a comparatively small reader attaches to the headphone input of the iPhone.