Near Field Communications Handsets and Tags, NFC Pilots and Projects

I Love Velvet launches reader module for Apple products

Tuesday, November 29, 2011

I Love Velvet has unveiled its new “Universal Holster” add-on device for accepting payments on Apple iPods, iPads and iPhones.

The Apple-certified U-Holster can accept payments from contactless devices such as payment cards and NFC-enabled phones, as well as scan bar codes on coupons, loyalty cards, U.S. driver’s licenses, ID cards and smart phones in less than a second.

According to Velvet, the U-Holster is designed to evolve with the next generation of Apple products, but may also work with Android and Windows 7 products.

“We’re in the final stages of certification for PCI, PTS, EMV1 and EMV2 for authenticating credit and debit transactions that go directly to the bank in a fully secure network,” said Patrick Bouaziz, co-founder of I Love Velvet. “The next step in mobility as it applies to the retail and hospitality industries is here.” [end] 

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