Daffodil International University
Faculty of Science and Information Technology => Science and Information => Topic started by: tasnuba.swe on September 16, 2015, 10:02:56 AM
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The square is a small plug-in attachment to your mobile phone that allows you to receive credit card payments.
Accepting credit card payments for something you're selling isn't always easy, especially if you are mobile like a tradesman, delivery service or a vendor at a trade show.
This latest invention uses a small scanner that plugs into the audio input jack on a mobile device.
It reads information on a credit card when it is swiped. The information is not stored on the device but is encrypted and sent over secure channels to banks.
It basically makes any mobile phone a cash register for accepting card payments.
As a payer, you receive a receipt via email that can be instantly accessed securely online. You can also use a text message to authorize payment in real time.
Retailers can create a payer account for their customers which accelerates the payment process.
- See more at: http://www.inventor-strategies.com/latest-inventions.html#sthash.IlkbgE2J.dpuf