The Overblown Square Credit Card Reader Security Disaster [Video]

Square's credit card reader for iOS/Android devices is pretty awesome—it lets anybody quickly and easily start taking credit payments. But according to Douglass Bergeron, the CEO of competing company Verifone, the device itself isn't hardware-encrypted, meaning anyone could write an app that strips unprotected info from your card. More »

Source: http://feeds.gawker.com/~r/gizmodo/full/~3/vEBOL-26GXU/is-the-square-credit-card-reader-a-security-disaster-waiting-to-happen

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