IPayPass Mobile Smart Card Reader

iPAYPASS is World's First Mobile Payment magnetic strip card terminal with PIN pad and verification screen for iOS by Feitian Technology Co., Ltd. dedicated to the iOS products, such as iPhone, iPad, iTouch.  Simply by inserting the iPayPass into the iDock your iOS device you are able to turn you device into a mobile POS.  Customers only need to insert their personal card into the iPayPass and payment can be processed directly on the mobile device.  The PIN pad ensures security and meets the requirements of mobile payment companies.  The verification screen allows the end user to see exactly what information is being sent from their card allowing them to verify the details before proceeding to provide increased security.

iPayPass allow cashless transactions and convenience in daily life.  Imagine not carrying cash to pay for a taxi, eat anywhere, at the barber, and all the locations that before were not able to accept credit cards.  This simple secure product allows everyone to live a more convenient and secure lifestyle.

Applications

Mobile Banking
Mobile Payment
Third-party Payment
E-commerce

Security mechanisms

• One key for one device, each device has a separate master key

• One key for one transaction, each transaction generates a new session key

• Communication encryption, encrypted transmission of data using a wireless network to prevent hacker intrusion