iPhone owners can rejoice with the launch of the In2PayTM solution for iPhone by DeviceFidelity, Inc.
The device will enable users of the popular smart phone to make contactless transactions. Contactless payment terminals have been introduced to some lucky Australians in various department stores and shops late last year as a test to see whether annoying queues at checkout can be avoided (especially in the Xmas buying rush).
How does contactless paying work?
The contactless payment system is incorporating smart technology and works by waving the payees credit card in front of these special terminals. With the invention of the In2PayTM solution for iPhone, users can now do the same. They simply wave their iPhone in front of a contactless payment terminal provided they have mobile payments enabled.
A patent-pending protective case acts as the carrier to add mobile contactless capability to the iPhone. It currently works with the iPhone 3GS and the iPhone 3G.
Removable In2Pay microSD adds security to the mix
The new invention by DeviceFidelity Inc. is really a stroke of genius. iPhone users don’t have to worry about security issues should they choose to give the new In2Pay solution for iPhone a go. Its secure capabilities allow anyone lucky enough to get their hands on one of these apps to shop with utter confidence, knowing their financial details is in safe hands.
When can I have one of those apps?
Right now you have to stand next in line if you want the In2PayTM solution for iPhone. Trials are scheduled for the second half of 2010
into the protective case, iPhone users can take advantage of In2Pay’s secure contactless capabilities where contactless transactions are offered. They range from buying goods in retail stores and at unattended kiosks, to transit ticketing, and even securely accessing buildings and computers networks. Trials are scheduled to start during the second quarter of 2010.
COO of DeviceFidelity, Amitaabh Malhotra said: “The more than 200,000 apps on the App Store are an integral part of iPhone users’ lives. With our In2Pay solution, we want to give both iPhone users and app developers the power to do even more, by putting the convenience of interactive secure mobile transactions, right at their fingertips, anywhere they are.”
The force of collaboration
In order to make the Vision of having a contactless app a reality, Visa and DeviceFidelity collaborated to combine Visa’s contactless payment technology Visa payWave with the In2Pay technology. Thanks to the microSD memory slot of the iPhone it has the capability of turning into a mobile contactless payment device.
This announcement is huge, as it helps to transform the use of the iPhone even more, giving users a great reason to shop in style and confidence.
Dave Wentker, Head of Mobile Contactless Payments at Visa Inc. said: “Visa is working to bring the security and convenience of digital currency to mobile users around the world. Our collaboration with DeviceFidelity can extend the reach of Visa mobile payments to millions of iPhone users.”
iPhone users get more flexibility and convenience
There is no doubt in any one’s mind that the In2Pay solution will provide iPhone users with the flexibility and convenience to give their iPhone more flexibility. Because of the microSD slot you can soon take your iPhone when shopping and use it as a verified and safe way to pay for your purchases.
MicroSD cards can further be issued and personalised like traditional smart cards to help give added security. It is clear that this break-through in technology will change the face of the iPhone and app store in the future as more and more great innovations are being released to the public.
Pending patents in the USA
DeviceFidelity has currently multiple patents pending in the USA and in other countries. These are for handset case and microSD-based plug-and-play technology. The company’s recently launched partnership program allows Trusted Service Manager system developers and application developers to upgrade their NFC solutions by adding support for the In2Pay microSD. The In2Pay microSD can be inserted securely and easily into the In2Pay Case for iPhone.