Sunday, April 4, 2010

Credit Card App for iPad

As someone working on a day to day basis with other small and microbusinesses this app hits home. One can now use a credit card machine with an iPad. We're seeing the day when we can "touch" phones and be able to easily transfer information (either contact or payment). We were able to "beam" information between Palms a decade ago but this is one more step forward, easing the way for small and microbusinesses.

I've blasted this to all my business contacts. Wow!

Twitter Creator’s Credit Card Scanner Comes to iPad

This comes right on the heels of Silicon Valley's report that soon you will be able to snap a photos of a check with your cell phone and deposit it by transmitting an encrypted copy to your bank.

Regulators were surprised when the Sept. 11, 2001, terrorist attacks caused delays in financial transactions. With air traffic grounded for several days, the bundles of checks that banks and other businesses needed to move around couldn't get cleared.

So in 2003, Congress passed a law commonly known as Check 21. It allows anyone who receives a check to make a digital image of it rather than having to deliver it physically. The law has led many companies to install scanning machines that digitize thousands of checks at a time for deposit.

Deposit money by taking a photo

eCommerce, the times are a-changin'

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