Read the story and watch the Video: [HERE]
Wednesday, March 9, 2011
SmartPhone Credit Card Processing Risk Exposed
VeriFone, A large equipment manufacture in the Credit Card industry released a website today to call the "Square" manufactures out on their neglect to look at the risk of skimming and encryption. The article states: "Secure payment systems, like those provided by VeriFone and other credible providers which adhere to the highest level of security practices, are critical in protecting consumers, merchants and banks. Without this protection, all commerce – conducted with plastic or mobile devices – is a catalyst for massive personal and institutional financial loss."
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