In this article by Mashable, it states that by 2014, mobile Internet usage is to surpass that of Internet desktop usage.  

So it’s not surprising that since we have the  Internet tag along with us in our daily lives that the way we spend money shouldn’t also adapt.

Some mobile credit card processing innovations:

Google Wallet turns your phone into small, virtual wallet that you can tap to make in-store purchases or sign in for online transactions.

Additionally, this week in the mail I just received the January 2012 issue of Entrepreneur magazine to on the cover, ‘the future of money is mobile’.  Ironic?  I think not, there 4 billion mobile phones in the word and more 25% are smartphones.

Square is another innovation that has been around for a little over a year now that converts your phone into a transaction machine, allowing you to swipe your card, have your receipts mailed to you and sign for your purchase.  If you operate a business you can use Square and its accompanying software to help you manage your business flow easily.

If you are not familiar with it, here is a quick introduction to Square:

Here is some information about recent updates to Square and how it impacts businesses!

Similar mobile credit care processing products include Pay Anywhere and Intuit’s Go Payment.  Both Pay Anywhere and Go Payment offer a free card reader and a free app for Androids, Ipads and Iphones!  Another option is the app Swipe, which shares much of the same functionality with the exception that the credit card information needs to be typed in to process payment and it provides 24/7 access to a customer service representative.

Leyda Hernandez