Exclusive: Mobile Payments Heat Up with Intuit's Donation App Updates
24.05.12
Not to be outdone by mobile payments competitors Square and PayPal, financial services software company Intuit will release enhancements to its GoPayment mobile application on Monday, allowing U.S.-based fundraisers to accept credit card donations directly from smartphones or tablets.
The announcement comes on the heels of a similar offering from Square, Twitter co-creator Jack Dorsey’s much-lauded, highly successful mobile payments startup, which offers a smartphone attachment that has largely overshadowed Intuit’s own GoPayment dongle. The Obama and Romney presidential campaigns recently announced partnerships with Square , which will provide scores of dongles to both organizations for accepting credit card donations.
GoPayment’s offering, however, isn’t limited to the presidential election. Intuit’s GoPayment app updates will not require customizing an already existing app, or building an entirely new app from scratch, a la the “Obama Square app” that the President’s fundraisers are equipped with. Instead, fundraisers literally flip a switch inside the existing GoPayment app, switching it into ‘donor’ mode. Along with the donor’s name and credit card information, the app collects address and employment info, as mandated by the Federal Elections Commission.
Source: Wired News (blog)