James Siminoff

Card.io… hey that was my idea

Today a company called Card.io launched it is a mobile payment app that instead of using a dongle like Square it uses the camera to take a picture of the card.

When Square launched I was surprised that they were not utilizing the camera as a alternative method to capture the card and wrote about that here.  I have always thought that the dongle was a little crappy.

It will be interesting to see how Card.io does, I think at this point beween the dominance of Square and the incumbents like Verifone, it is going to be a tough market to crack.