This is a great invention for anyone needing mobile credit card authorizations. Whether it be restaurants, flea market sellers, etc. Any time you are at a restaurant, you don’t want your credit card to wander off too far. Now they don’t have to. On second thought, since you can’t tip with this thing, it might be a big cumbersome. But for flea market and roadside shows, this is awesome.

VeriFone PAYware iPhone Credit Card System Ships – www.slashgear.com.

VeriFone has announced that the system is now shipping. The PAYware Mobile App required for the hardware to work is available for free on the App Store now. The hardware sleeve called the card encryption sleeve peripheral will work on the iPhone 3G and 3GS smartphones and is available through authorized VeriFone distributors.