Visa iPhone case lets you pay without a credit card

In a near perfect example of convergence, soon you'll be able to use your iPhone as a VISA card. Visa and DeviceFidelity have teamed up to introduce In2Pay, a case that turns your iPhone into a credit card. The resulting device will allow you to use the iPhone at approximately 150,000 retail outlets nationwide that have terminals that accept contact-less payments like Visa payWave.

The case, which connects to the dock of your iPhone, adds a MicroSD card slot in which a DeviceFidelity MicroSD card is used to make the secure contact-less payments. The In2Pay case is designed to stay on your phone and includes a Micro USB port for charging and syncing your phone. The price of the case and the use of mobile payment services will be determined by the individual financial institutions, according to Dave Wentker, head of mobile contact-less payments for Visa, in an e-mail to WalletPop.