Visa turns iPhone into a credit card

Mozo

Friday 21 May 2010

Visa has teamed up with DeviceFidelity to create an iPhone case that allows the smartphone to be used as a credit card at retailers that offer a contactless payment system.

I phone content

The new case, named In2Pay, plugs into the dock connector at the bottom of the iPhone and provides the power and interface for DeviceFidelity’s microSD card and a communications chip.

Once connected, users just have to download the corresponding app to be able to start making payments with the phone.

The technology only supports Visa cards at the moment, but if successful it could be rolled out to work with other providers, offering a new option for Aussies looking to compare credit cards.

Commenting on the invention, Wired magazine said: "The fact that iPhone users tend to be more disposed to trying out new tech … you can easily see that this is a pilot scheme from Visa designed to grow the infrastructure of contactless payments."

This week, it was also reported that Australian shoppers have vented anger at Woolworths’ decision to remove the credit option for customers paying by debit card in its stores.

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