The Internet is abuzz with stats about iPad trade-ins going through the roof as the March 7 iPad 3 unveiling in San Francisco looms closer, and while percentages and graphs are vaguely interesting, the real meat to the story concerns where and how people can get the most bang for their buck.
COMING SOON: MOBILE PAYMENTS ON THE APPLE IPHONE
NEW YORK, May 4 — Visa Inc. and DeviceFidelity, Inc. are working to allow Apple iPhone(TM) users to make payments by simply waving their iPhone in front of a contactless payment terminal. The new technology, developed by DeviceFidelity and certified by Apple, combines a protective iPhone case with a secure memory card that hosts Visa?s contactless payment application, called Visa payWave. The technology will work for both iPhone 3GS and iPhone 3G devices.
Square UP was showing their new credit card processing solution for the iPhone. They are planning on offering a no-hassle way for individuals to start accepting credit card payments. Simply buy their $1 app from the App Store, sign up for service, and they will send you a small hardware dongle that will swipe credit cards (shown right). No individual merchant account is required as Square UP handles all the processing and payments and takes a 2.9% cut of all sales
The Square service is currently in beta testing and should arrive later this year.