IPhone Square – Mobile Credit Card System

In case you haven’t seen this yet, we really must draw your attention to an IPhone gadget which will look to revolutionise the way individuals and small businesses can complete financial transactions.

In September last year Twitter founder, Jack Dorsey announced that he would be launching a new startup: Square.  This service would provide IPhone users with a dongle-like square add-on that would allow them to take credit card transactions my simply swiping them through the square and entering their payment details using the phone.  You can even use the IPhone interface to scrawl your signature with your finger.  The receipt is then emailed through to the buyer and the who transaction is logged with geo-location.  The benefit of all this is that the entire transaction is kept clean, simple and paperless.

Impressively, the device plugs into the IPhone via the audio input jack and is synced up to software on the phone.  Initial beta models of Square have been made solely for the IPhone, however it is expected that it will be modified to work with Blackberry’s and even perhaps older models of mobile phones.  There is little doubt that Square will prove to be a very innovative and useful application for those doing business on the move.

You can follow Square’s development via their Twitter profile.

fluidcreativity
  • Written by on 19th January 2010 at 15:13
  • “Fluid Creativity is an award-winning, multi-service digital agency based in Manchester.”
  • Google+
  • Hassan

    One thing I would be worried about when using this on craigslist, etc. Can the person, once you swipe, ring up the credit card company and ask to reverse the charge? You’re then left with no item, and no money

  • Hassan

    One thing I would be worried about when using this on craigslist, etc. Can the person, once you swipe, ring up the credit card company and ask to reverse the charge? You're then left with no item, and no money