Mobile Technology

ROAMpay credit card swiper for iPhones, Blackberrys, and Droids

ROAMpay credit card swiper for iPhones, Blackberrys, and Droids
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The ability to turn a smartphone into a portable credit card swiper makes sense for small business owners on the go, as well as anyone who happens to be out of cash. Like Square, the new ROAMpay device plugs in to the audio jack of your smartphone. Using the company's app, you get the same functions as using a traditional credit terminal with a platform that's available on iPhone and Android.

The ROAMpay swiper is compatible with the iPhone and iPad, along with Android smartphones like the Nexus One, HTC Hero and... here's the list.

It also comes with software that allows the merchant to email invoices and receipts to a customer, check transaction histories and sales reports online.

ROAMpay claims to offer low rates on credit transactions and will protect customers' personal information (being PCI certified- Payment Card Industry). All customer data is encrypted automatically when swiped and entered into the merchant’s cell phone and no personal data is retained.

Here's ROAMpay's video demo:

Adrian Akau
A portable credit card device similar to this one was demonstrated on TV to access the information on a credit card in a purse as an individual walked by. We were warned that credit card thieves may be beginning to use this device. Perhaps one way to prevent the data from being transferred is to place a magnetic card (the type used to post messages on a refrigerator) next to your credit card.
From the description and from what I read or see about Square, one needs to swipe the card with the device and not just have it near the credit cards.
It is also similar to the Go Payment from Intuit.