Printed from http://www.electronista.com

AT&T, Intuit team on phone and tablet payment system

updated 05:50 pm EST, Tue November 8, 2011

Deal could pose threat to Square's mobile service

AT&T has teamed up with Intuit to offer a small business owner the ability to process credit card transactions on their smartphone or tablet. The app, Intuit GoPayment for AT&T, pairs an AT&T subscriber's compatible iOS, Android or BlackBerry device (free, App Store, Android Market, BlackBerry App World) with a small Bluetooth credit card reader. Equipped with them, a business person quickly can capture credit card information with a swipe or a few keystrokes, get authorization, and instant payment credit.

With the system, a small business person can process any major credit card from almost any location, send an e-mail or text an electronic receipt directly from their device, and download the record directly into QuickBooks. No private data is stored on the phone or tablet.

The basic GoPayment service is transaction based. It carries no monthly, transaction or cancellation fees. Small businesses are charged 2.7 percent of the swiped value. For larger retailers with several cashiers and more than $1,000 in payments processed, Intuit is offering a $13 per month program. Subscribers are charged a lower rate, 1.7 percent of the swiped transaction amount. The card reader currently is being offered for free.

The partnership between Intuit and AT&T could represent stiff competition for mobile transaction services provider Square, especially since it appears that Intuit is intentionally undercutting Square's 2.75 percent service fee.

















By Electronista Staff
toggle

Comments

  1. SierraDragon

    Mac Elite

    Joined: Mar 2004

    0

    iPhone 4s?

    Maybe y'all could advise whether or not the iPhone 4s is included. It is not on your published list of phones.

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Dell AD211 Bluetooth speaker

For all of the high-priced, over-engineered Bluetooth speakers in the electronics market, there is still room for mass-market solution ...

VisionTek 128GB USB Pocket SSD

USB flash drives dealt the death blow to both the floppy and Zip drives. While still faster than either of the old removable media, sp ...

Kodak PixPro SL10 Smart Lens Camera

Smartphone imagery still widely varies. Large Megapixel counts don't make for a good image, and the optics in some devices are lacking ...

Sponsor

toggle

Most Commented

 
toggle

Popular News