Want to use your iPhone as a credit card terminal? ID TECH's got an app (and a product) for that!

ID TECH, the leading manufacturer of standard and custom POS and identification peripherals, has released the iMag, a PCI compliant credit card reader for the iPhone 3G and 3GS, the iPhone 4, or the iPod Touch. 

ID TECH utilized its superior card reading technology on the iMag, bringing new possibilities to the iPhone and iPod Touch.

The iMag is capable of reading up to three tracks of card data and has a 300,000-cycle minimum. bi-directional card reader. The user can swipe credit cards in either direction to complete the transaction, eliminating confusion while providing comfort.

With the current strong market demand for smart phone MSRs, it is more important than ever to choose a proven and trusted MSR manufacturing partner such as ID TECH.

The iMag cradle connects to the bottom of the iPhone or iPod Touch through the 30-pin connector.  The slim form factor fits snugly around the iPhone and easily into the user's hand.  No external power supply is required, and the iMag's mini-USB port enables the iPhone to be charged while connected to the iMag.

For other mobile phone users ID TECH has also developed the UniMag, a universal credit card reader that communicates with any smart phone via the headphone jack. Using a clip that secures the device to the phone, the UniMag ensures a steady swipe to provide superior card reading.  The UniMag is scheduled for release in Q3, 2010.

Using the iMag and UniMag is extremely easy.  First, a merchant account is required to accept credit card transactions; your iMag and UniMag hardware provider will direct you to set up a merchant account.  Then simply download a compatible payment application from the iTunes App Store and connect the reader to the device.  You are now ready to accept credit card transactions!

ID TECH’s mobile readers provide convenience for both consumers and merchants, offering buyers new methods of payment and allowing sellers to accept credit cards wherever they go.  With the iMag and UniMag, merchants avoid expensive “card-not-present” fees associated with credit card transactions made without a credit card reader.

Please stop by POSDATA's booth # 225 at the RSPA RetailNow show in Las Vegas on July 27-28, 2010 to see this amazing product.