Curious about mobile payments, but tired of reading the small print? Glenbrook’s Carol Coye Benson has compiled a collection of how-they-work videos. Included are videos from Bling Nation, PayNearMe, Square, BOKU, Intuit GoPayment, PayPal Mobile, VivoTech, Oberthur, MobilePay, MocaPay, and FaceCash.

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Headline News is compiled by Glenbrook Partners: Vindicia Secures $20 Million in Series E Financing iPhone Credit Card Swiper Adds Retail Transaction Support to Swipe Credit Card Terminal Square Enix Selects PlaySpan’s UltimatePay for Payment Processing Services TransCard Announces a Turnkey Bank and Prepaid Processing Solution for Members of the Prepaid Community European Specialists Team Up to Define Security Standards for Next-Generation Mobile Devices TechCrunch: Amazon Now Allows You To Send Gift Cards To Friends On Facebook Note: Throughout the day, as we spot interesting developments, this post is updated.

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Mophie,  popular iPhone and iPod accessory and battery add-on maker, will unveil at Consumer Electronic Show  in Las Vegas this month its iPhone credit card reader and third-party app .

Accessory, named “Credit Card Reader” along with a complimentary third party processing application will allow iPhone users to accept credit payments by swiping their credit cards through a special casing attached to their mobile phone.

The device, which will turn any iPhone into a credit card reader, will be a direct competitor to Square, which is developed by Twitter co-founder Jack Dorsey.

Mophie’s credit card reader will compete with other electronic payment solutions such as Swipe ($0.99 on iTunes App Store), VeriFone’s PAYware Mobile, Intuit’s GoPayment and Square.

Twitter creator Jack Dorsey talks about his new project, Square, and we see it in action
Square – Twitter co-founder Jack Dorsey presents new way to accept payments – a hardware software combination for mobile devices that allows vendors to easily accept and process credit card payments