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Card.io Uses an iPhone's Camera to Read Credit Cards

Jun 23, 2011, 11:46 AM by Eric M. Zeman

A start-up called Card.io today announced a new way to ease the pains of mobile commerce. Card.io is offering an iOS software developers kit (SDK) that uses "visual swipe" technology to capture credit card data using the camera of an iPhone. Card.io believes that its software solution for mobile payments will be easier to implement than hardware solutions (such as NFC of external credit card readers) since it can be added to any application. Once a user is ready to make a purchase from a Card.io-enabled app, they simply hold up their credit card and the app does the rest. There's no need to type in credit card numbers, expiration dates, etc. According to Card.io, the application never saves credit card numbers, and all transactions and data are encrypted. Card.io is being run by two former AdMob employees, and today it also announced an initial $1 million round of funding.

Card.io »

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Comments

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This forum is closed.

Red_Minx

Jun 23, 2011, 1:17 PM

eeek

Seem's like an incredibly good way to steal a credit card number. Technology is going to make me a nervous wreck ~packs up stuff and moves into a cave with thick walls~

bama

agreed

Robotic Captain Ahash

you should be just as concerned for a regular cellphone camera or even a disposable camera as well.

The only thing this does, as far as I've seen, is take a picture of the front of the card and then read the number off of the picture, and relay th...
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pickles

any room in your cave? i'm really good at hunting/gathering.

I dunno about all this crazy stuff either....hence why I went back to a dumbphone haha. In most parts of asia and europe, they've already had technology like this for a long time. Most p...
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