Card.io Uses an iPhone's Camera to Read Credit Cards
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.
Samsung Pay Launches In the US
Samsung today made its mobile payment service, Samsung Pay, available to U.S. consumers.
SanDisk Says Latest MicroSD Card Is 3X Faster
SanDisk today announced the Extreme Pro microSDXC UHS-II card for mobile devices. The Class 10 card meets UHS Speed Class 3 and can deliver transfer speeds at up to 275Mbps.
Capital One Adds NFC-Based Payments to Android App
Capital One today added tap-and-go mobile payment powers to its Android application, independent of services such as Android Pay or Samsung Pay. Capital One cardholders can add their debit card or credit card to the Capital One Android mobile app and make secure payments anywhere contactless payments are accepted.
Amazon Makes Mobile Wallet App Available
Amazon recently released a mobile wallet application for Android-based smartphones. The app, which Amazon has labeled a beta, lets people store gift cards, loyalty cards, and membership cards, which can be scanned or typed directly into the app.
Visa to Put a Credit Card in Everything
Visa today announced Visa Cloud Payment Solutions, a tool that device makers can use to add mobile payments capabilities to their hardware. Visa claims the Cloud Payment Solution will reduce fraud because it replaces the standard 16-digit credit card number with a digital token.
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...
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...