Financial management solutions provider Intuit and mobile phone accessories manufacturer, Mophie, have joined forces to create an all-in-one mobile payment solution for SMEs using an iPhone 4.
The solution combines Inuits GoPayment processing app and merchant account and Mophies credit card reader. Both firms claim it has no transaction limit and thus reduces payment delays.
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GoPayment and the Mophie card reader are together one more weapon in my arsenal and that is big for my tiny business, said Andrew Huff, owner of LuLu Redstar, a jewellery design business in the US.
The all-in-one solution helps me be more competitive and not miss out on potential sales.
The solution is claimed to protect customer data throughout the payment process as credit card data is never stored on the phone. Card data is also claimed to be double encrypted once via the Mophie marketplace card reader and a second time via the GoPayment app.
Inuits GoPayment app has processed more than $70m in transaction volume since its inception two years ago.
