Hypercom Introduces Secure Payment Solutions for iPhone

Posted by at 10:25 pm on April 14, 2010

Hypercom has unveiled the first two members of a product family that enable smartphones to accept credit/debit card payments.

Unlike recently announced competitor units, SmartPayments Mobile products feature a durable slider case with an encrypted, PCI, PA-DSS certified high security card reader that fully protects the iPhone from scratches and other damage that results from using less protective products, and lets merchants avoid the high cost of “card not present” transaction fees in application-only solutions.

SmartPayments MobilePlus also adds a barcode scanner for instantaneous pricing, inventory control, auto population and validation of drivers’ licenses or other forms of barcoded information as required for on-the-go merchants selling products and services. The addition of barcode scanning opens the door to an array of payment-enabled business applications and vertical market solutions available on the iPhone platform.

For merchants not requiring barcode scanning, the SmartPayments MobilePro features the same iPhone-protective card reader and signature capture for simple, fast and secure card processing. Additional standard features on both models include Hypercom’s end-to-end payment data protection, a built-in rechargeable battery that significantly increases usage time by not relying solely on the iPhone battery, dual battery recharging capabilities with a single cable, itemized emailed receipts, and an opening for the iPhone camera lens.

Both SmartPayments Mobile card readers fully encrypt all magnetic stripe card information immediately at card swipe, thus eliminating the potential of compromise either on the iPhone or when information is transmitted over WiFi or cellular wireless.

First product shipments are expected in June 2010.

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