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Intuit launches credit card processing tool for iPhones
August 25, 2010
Intuit Inc. and mophie have announced the availability of the Complete Credit Card Solution, an all-in-one product that enables small businesses to easily process credit card payments via the Apple iPhone. It integrates Intuit's GoPayment credit card processing app and quick-to-activate merchant account with the mophie marketplace iPhone credit card reader. This package is now available in Apple Retail Stores and soon on Apple.com.
As part of this solution, Intuit GoPayment offers a quick and easy application process that is designed to let merchants start processing credit cards on their iPhones in as little as 15 minutes. As an option, GoPayment is also compatible with QuickBooks Mac to help save time in keeping business financial files up to date.
"We designed this to meet the needs of small businesses who want a complete credit card solution that works with their iPhone," said Chris Hylen, general manager of Intuit's Payment Solutions division. "Now we have a best-in-class solution from Intuit and mophie to meet that need. This means that a business owner only needs to buy one package to get set up with everything they need to start taking mobile payments even before they leave the store."
GoPayment has been on the market for more than a year and has already processed $35 million in transactions for small businesses. In addition to faster merchant account activation and integration with QuickBooks Mac, this latest version offers easier navigation with the ability for customers to sign their bill via the iPhone touchscreen.
It's also possible to now add inventory items to receipts, which can instantly be e-mailed or sent by text to a customer for their records. To make GoPayment affordable for the smallest of small businesses, it also offers new simplified pricing with competitive discount rates and transaction fees.
The speedy new Intuit Merchant Account application process is designed to let small business owners easily and quickly apply and be approved to start processing credit cards. A user can apply from the GoPayment App, online or by calling Intuit right from their iPhone.
By adding the clip-on mophie marketplace card reader, merchants can save time by securely swiping credit cards instead of entering numbers by hand. After swiping the card, data is immediately encrypted using Intuit's industry-standard security methods.
Customers authorize the payment by signing their name on the iPhone touch screen. The merchant can then send them an e-mail or text receipt. GoPayment processes the credit card within seconds and funds are deposited into the businesses' bank account.
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