Credit Card Processing Blog » iPhone Virtual Terminal http://www.creditcardprocessing-r-us.com/Credit_Card_Processing_Blog Your credit card processing information source Mon, 30 Aug 2010 12:17:52 +0000 en hourly 1 http://wordpress.org/?v=3.0 Innerfence and AppNinjas entering the Card Present world http://www.creditcardprocessing-r-us.com/Credit_Card_Processing_Blog/2010/06/innerfence-and-appninjas-entering-the-card-present-world/ http://www.creditcardprocessing-r-us.com/Credit_Card_Processing_Blog/2010/06/innerfence-and-appninjas-entering-the-card-present-world/#comments Wed, 02 Jun 2010 21:16:12 +0000 CCPrUs http://www.creditcardprocessing-r-us.com/Credit_Card_Processing_Blog/?p=244 Innerfence and AppNinjas are about to make a giant leap into hardware devices and physical processing environment.
According to the practical ecommerce, both applications will support, within 60 days, a “hardware device” that will enable merchants to swipe cards instead of keying in transactions (no hint regarding the card reader type that will be used).

Derek further implies that such swipe transactions will be considered as Card Present (“running cards at a Swipe’s rate”) and will also enable merchants to enjoy “both online and in-person transactions” using the same one solution/merchant account.

Getting a Card Present approval from Visa and MasterCard isn’t easy. Verifone decided to disable the CNP scenario on their PAYware Mobile solution when they applied for a CP acknowledgment… Assuming such is achieved, it is still far from the vision of one solution for both scenarios: Card Present and CNP.

As both Innerfence and AppNinjas are using Authorize.net as a Payment Gateway, they cannot offer an ‘all in one’ account unless same is offered by Authorize.net. Other major Gateways and Processors are in the very same place and currently do not support such one account, so “hold your horses” on that vision for the time being…

Compare different iPhone Credit Card Processing solutions and go with the one that suits you best!

Gidi Argov, Founder and CEO
www.CreditCardProcessing-r-us.com

]]> http://www.creditcardprocessing-r-us.com/Credit_Card_Processing_Blog/2010/06/innerfence-and-appninjas-entering-the-card-present-world/feed/ 11 iPhone credit card processing – CP or CNP? http://www.creditcardprocessing-r-us.com/Credit_Card_Processing_Blog/2010/01/iphone-credit-card-processing-%e2%80%93-cp-or-cnp/ http://www.creditcardprocessing-r-us.com/Credit_Card_Processing_Blog/2010/01/iphone-credit-card-processing-%e2%80%93-cp-or-cnp/#comments Thu, 21 Jan 2010 16:57:51 +0000 CCPrUs http://www.creditcardprocessing-r-us.com/Credit_Card_Processing_Blog/?p=132 Taxi drivers, handymen, photographers, sales agents, artists at street fairs and many others, accepting payments on the go, now adopt iPhone as their credit card processing device.

Until recently it was all about the iPhone app, which enabled turning an iPhone into an online Virtual Terminal and accepting credit cards through an online merchant account. Such apps are: MerchantWARE Mobile, offered by Merchant Warehouse, mTerminal, offered by goemerchant, ProcessAway sold on iTunes, ePAYwireless offered by ePay Management and Innerfence.

It looks like technology is now turning iPhones into full swipe wireless terminals. Some companies are now offering very interesting alternatives: Square, enables a card swipe and offers an additional neat payer verification feature. PAYware Mobile by VeriFone, offers a card-reading case which ‘hugs’ the iPhone and even Mophie, until recently a known iPhone hardware provider now jumps into the credit card processing world.

These new iPhone gadgets should do much more than enable a card swipe. They should enable one to switch from an online merchant account to a retail merchant account. Using these new technologies, one should be able to move from Card Not Present (CNP) environment into the Card Present world and process credit cards in the lowest processing rates.

Gidi Argov, Founder and CEO
www.CreditCardProcessing-r-us.com

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