Now, the process of paying for services used is more simplified through an application that lets you pay just by scanning your credit card. This app is developed by Card.io and can be used for making payments in every sector.
This app runs on both the iPhone and the android platform thus enhancing the functionality of mobile phones manifold. Not only this, even money borrowing is also made possible through this app.
The app also eliminates the need for entering the security code of credit cards which is the norm in shopping. Thus, this concept is revolutionary as it gives a new dimension to shopping. By just holding your credit card, your phone's camera automatically scans the credit card and your information is sent to the gateway and thus a successful transcation( payment) occurs.
Through this app, money transfer to bank accounts is also made possible. This app can be used free of cost as of now. This technology is surely a thing to watch out for in future.