Intuit, the financial solutions provider behind TurboTax and Quicken, is unveiling a retooled version of its GoPayment mobile credit card processing application using NFC.
Built on Google’s Android mobile platform, Intuit’s new GoPayment application transfers credit card data via NFC, eliminating the need for the actual card or any add-on card reader hardware. Intuit says this will allow small businesses to conduct numerous daily tasks, such as paying and conducting inventory, using only their mobile phone.
To add an item to inventory, a small business owner would simply tap their phone against a product with a smart tag. All information on that product would then appear in the mobile payment application.
Customers could also pay for products using a virtual debit card loaded on their phone. To complete the purchase, the customer and small business owner would simply touch their phones together. Customers could use this same process to receive a receipt, or have a copy of the receipt sent automatically via e-mail or text message.
While the NFC integration with GoPayment is still in concept phase, Intuit says it is working to incorporate the technology “in the near future.”
Intuit will demonstrate the new solution at the Google I/O conference this week in San Francisco.