card.io Outshines Over 150 Nominees to become a MobileBeat 2011 Startup Competition Finalist

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Mobile commerce company one of 16 finalists picked to present as this year’s hot mobile startups

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"We believe we have a real opportunity to become a disruptive force in the industry by making it simple for any developer to build a mobile commerce solution without the need for
physical hardware," said Mike Mettler, CEO of card.io.

Today card.io was announced as one of the 16 finalists in the MobileBeat 2011 Startup Competition. Proving that it has what it takes to stand out in the crowd, card.io was picked by a panel of experts and advisors as one of the hottest companies in the mobile space. As a finalist, card.io gets a chance to present its credit card scanning app to over 500 influencers, investors, and press as they compete for the top spot and a coveted Tesla award.

card.io aims to change the way consumers pay with credit cards. 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 provides an SDK for mobile developers that solves both of these problems. Customers just hold a credit card up to the phone, and card.io automatically reads the card information using the phone's camera.

“It’s an honor to be in the running for this year’s Tesla award,” said Mike Mettler, CEO of card.io. “We believe we have a real opportunity to become a disruptive force in the industry by making it simple for any developer to build a mobile commerce solution without the need for physical hardware and without requiring that customers learn how to use a new payment service.”

Hosted by VentureBeat, MobileBeat 2011 is taking place July 12-13 in San Francisco at The Palace Hotel. This year’s theme is “Who Wins in the 4G Nirvana?” with top executives from AT&T, Google, Facebook, Samsung and many others sharing their thoughts. MobileBeat is known as Silicon Valley’s premier mobile event, bringing together 500 of the industry’s top VCs, mobile execs, journalists and entrepreneurs. Many previous winners of the Startup Competition have gone on to become mobile juggernauts, including AdMob, Loopt and Touchnote.

There is still time to register for MobileBeat and see CEO Mike Mettler present in person. Head here to find out the details: http://events.venturebeat.com/mobilebeat2011/

App developers interested in more information about card.io’s solution can sign up from the website at http://card.io or email beta(at)card(dot)io.

About card.io:
Located in San Francisco, card.io aims to change the way you purchase on your mobile device. You can follow us on Twitter at @cardio.

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