I have to admit, this is pretty cool. Being able to accept transactions through your phone is a pretty sweet idea.
Watch the video below to find out how you can participate in the pilot to process credit card transactions through your iPhone.
Here is a review of the product with more detail:
And here is another review of the product:
Bam! No longer is cash required for a transaction from person to person, and you can earn miles and points as a result. Now you can now pick up the tab where ever you go with your award earning credit card and accept cash from you friends. Technology is tranforming our lives, and this is a prime example.
To bad they charge a transaction fee..
The coolest part is that you can take a picture for each transaction and then send them an email of the transaction.