A new payment system that lets restaurant customers handle credit card payments at their table is being announced today by Kirkland startup Viableware.

Called Rail, the system looks like a regular restaurant bill folder but inside is a wireless device with a card reader and color display.

The company’s executive team includes startup veterans Joe Snell and Andrew Pope, former Restaurants Unlimited Chief Executive Steve Stoddard and Bob McBreen, a founding member of Microsoft’s Xbox team.

The Seattle Times