With the likes of contactless payment changing the way that people can pay for their goods, it’s surely only a matter of time before cash and even credit or debit cards are eradicated. Card.io payments goes some way to bridging this gap by using the iOS camera to enable card payments.
Card.io payments is simple to use. Just hold a credit card in front of the camera and all relevant information is scanned automatically with the payment processed shortly afterwards. The company behind the app, Lumber Labs, promises that everything is safe and secure thanks to no information being stored and any communication is protected with high-grade encryption.
No setup fees are required or monthly subscriptions. Instead pricing is 3.5% of plus 30 cents per transaction, with earnings paid out on a 7 day rolling basis. It’s simple and effective to use, whether that be with a small transaction between friends or with something more substantial.
The Card.io payments app is available now for free with fees applying when used.
Released: 2012-01-13 :: Category: Finance
Tagged with: Card.io, Credit Card, Finance, free, Lumber Labs, Payment