Posts tagged points

Square founder Jack Dorsey in a letter rebuffed the claims made in VeriFone’s smear attack on his Android and iOS mobile payment readers. The accusation of easy data ‘skimming’ was “not a fair or accurate claim” and overlooked the basic reality of credit cards. Anyone who you give a credit card already has enough to get information, and no encrypted system would stop this, Dorsey said.

“The waiter you hand your credit card to at a restaurant, for example, could easily steal your card details if he wanted to — no technology required,” he explained. “If you provide your credit More >