I recently downloaded the Scan Biz Cards Application for my iPhone and have to say it's pretty amazing. It costs $6.99, but is well worth it. You take a photo of the business card with your phone and then it scans the information and places it in the proper fields. It scans to your Address book, allows you to create custom folders, connect to LinkedIn, create calendar reminders, export to Excel, and more.
There is a free application, but I believe you are only allowed to scan one business card a day. If you do a lot of networking or just like to stay organized, take advantage of all the features the paid application has to offer.
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