iPhone App/Scanner Can Process Credit Card Payments

Intuit, a business software company that provides a remote credit card service called Go Payment, has teamed up with Morphie, an iPhone accessory maker, to create a new scanner accessory that will process credit card payments.

The device will incoporate a built-in scanner to capture and authorize credit cards on the spot.

The iPhone accessory will be available in Apple retail stores and will sell for $180. The Go Payment app will remain free, though, there will be a merchant fee of approximately $13 a month for the processing software.