Paynet Systems upgrade its cards processing app

The US mobile point of sale technology provider Paynet Systems has added invoicing and estimate capabilities to its Credit Card Machine service. The upgrade allows merchants to create and send email invoices directly from the app.Credit Card Machine works in combination with a card reader that can be attached to smartphones to process cards payments. The product is targeted at small and medium businesses and it is compatible with Android, Blackberry, iPhone and Windows operating devices."This will help service-related businesses that use an invoicing system to streamline their routine for estimates and billing," said Jack Chevalier, president of Paynet Systems.Customers can pay invoices online by clicking on a link in the email that opens up a credit card processing system, or print and mail them with the payment.Credit Card Machine was launched in December 2011 and hit 200,000 downloads in May 2012. The app can be downloaded is free of charge, the swipe rate for Visa and MasterCard cards is 1.59%, and there is a USD0.25 fee per transaction and a monthly one of USD10.