ATandT, Intuit Partner on GoPayment Mobile Payment Platform
Card data is never stored on the mobile device and is twice encrypted during transaction processing.Business and financial management solutions specialist Intuit and network operator AT&T (NYSE:T) announced a partnership to offer Intuit GoPayment for AT&T, a mobile application and credit card reader that helps small and midsize businesses process credit or debit card payments using their smartphone or tablet. GoPayment for AT&T comes with automatic signup and pre-approval for the majority of AT&T customers and is available via AT&T's nationwide small business sales force and call centers. The basic GoPayment service has no monthly, transaction or cancellation fees, and offers a 2.7 percent discount rate for swiped transactions. For small businesses with higher volume processing needs, a paid version of GoPayment also is available for $12.95 a month and provides a lower discount rate of 1.7 percent for swiped transactions. That plan is recommended for businesses that process more than $1,000 a month and want multiple employees to process payments using one GoPayment account. The monthly fee for the paid version of GoPayment is rolled into customers' existing monthly AT&T bill.
Qualifying customers can purchase GoPayment for AT&T as part of AT&T's All for Less packages, which feature wireless, wired and broadband services, Website hosting, tech support and data backup. According to the Yankee Group's 2011 Mobile Money Forecast, the value of mobile transactions worldwide will grow from $241 billion in 2011 to more than $1 trillion by 2015, a compound annual growth rate of 56 percent.