We're pleased to announce the first product from Lumber Labs: card.io! Typing in credit card info on a mobile keypad is slow, and most consumers don’t have separate hardware to swipe a credit card. card.io is trying to solve both of these problems: you just hold a credit card up to the phone, and card.io automatically reads the card information using the phone's camera. Check out this video for a quick demo:
You can also read more about card.io at TechCrunch, GigaOm, AllThingsD, Forbes, and Engadget.