Mobile credit reader for iOS devices brings Apple Pay to small retailers
Missing from the ranks of businesses that accept Apple Pay are small retailers like food trucks and local coffee shops that may lack the capital to invest in sales terminals for accepting mobile payments.
But a partnership between Apple and credit card processing company North American Bancard could soon bring mobile wallet transactions to neighborhood vendors.
Starting in September, Apple will start selling an updated version of the PayAnywhere mobile credit card reader, developed by North American Bancard. The device plugs into iPhones and iPads and will allow retailers to accept payments made with Apple Pay as well as other mobile wallets that use near field communication (NFC) technology to carry out transactions.
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