At issue is the ability for criminals to use unencrypted card readers to steal full mag-stripe data which can then be use to make fraudulent purchases. Fraudulent card use is a problem for all merchants (and in particular card not present e-commerce merchants) who shoulder the losses.
VeriFone calls Square's Credit Card Reader Unsafe and Reckless (Video)
Posted by
vantagepoint under Technology
From http://blog.vantagecard.com 4815 days ago
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