Mobile payments start-up Square is offering its credit card reading device for mobile phones to the general public, following months of testing with just 50,000 users.
I saw the reports of this product earlier in the year. Great idea for small traders, especially as cheques decline, but is anyone taking it up in the UK?
If all the know-nowts in the US are so concerned about payment card security, why would they ever allow the development and implementation of this easily obtainable chunk of card data collection hardware?
This really is like introducing a new sooper dooper horse pooper scooper whilst the rest of the world is inventing the car.
Square... the ultimate card skimming device.
Not only do they enable any cell-phone carrying waiter (for example) to steal credit card numbers but they also send the device out for free if the waiter (er, 'merchant') is a twitter. Sounds like a government plan for redistribution of credit card numbers.
This is a joke right?
to £90k base, double OTELondon, UK
© Finextra Research 2014