Source: mobilecrunch.com

IPhone users who wish to use their credit cards for purchases made through the device in the most convenient way possible, will be excited to hear about Mophie’s new product, an iPhone credit card reader. The device connects to your iPhone and can then read information from credit cards like sensor – which is then passed to an iPhone app for processing.

Mophie’s previous products were mostly cases and batteries for the iPhone, such as the “juice pack”, an accessory which can double the device’s battery life. So far though, this seems to be the first of their products to come paired with its own iPhone app.

However, while the details of the new mobile payment system by Morphie are still unknown, tech experts believe that the success of this device will depend on the design and bulk of the iPhone add-on along with the price at which it will be offered.

The device, which will turn any iPhone into a credit card reader, will be a direct competitor to Square, which is developed by Twitter co-founder Jack Dorsey.

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Related articles:

- Jack Dorsey’s Square Is (Almost) Open For Business;

- VeriFone Announces iPhone Secure Payments Solution.