http://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/ Engadget Comments for Square working on 'a credit processing and risk issue' before shipping more card readers http://www.engadget.com/media/feedlogo.gif http://www.engadget.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/http://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/http://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/Jun 19th 2010 10:31AMhttp://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/http://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/Jun 19th 2010 12:04PMhttp://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/http://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/
LAME.]]>Jun 19th 2010 1:21PMhttp://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/http://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/
Thanks for posting about this, Engadget! I've been annoyed by this backlog for a while. And the text that was added to the image is so true. I signed up for a Square reader the day they released the iPhone and Android clients, so unless you were an iPad owner, most likely you don't have a reader right now.

Oh well, I'll be happy to see higher limits on transactions. It would have made my business difficult to run the way it was, so I'll be very curious to see what they increase the limit to.]]>Jun 19th 2010 3:20PMhttp://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/http://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/Jun 19th 2010 10:32AMhttp://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/http://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/
Your username inspired me to create mine btw, I thought id let you know.. :D]]>Jun 19th 2010 10:48AMhttp://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/http://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/Jun 19th 2010 10:55AMhttp://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/http://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/
Ha well I was surprised someone hadn't done it before so welcome to the club ha.

@Jean

I fully agree that it seems iffy but my point is that it is suppose to because it's new and pertains to money transactions but don't be surprised if you be seein them at hotdog stands soon. And you may even be Finding yourself using on before you know it, because those hotdogs are Soooo damn good. ]]>Jun 19th 2010 11:05AMhttp://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/http://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/
TD Canada Trust: "This is a reminder, you just spent $11,000"
Guy: "WHAT THE F****?"
- This just in - Apples Mobile credit card payments found to be insecure, Apple advises all customers to stay away from said services until they have things secured"
Guy: "F****!!!?"]]>Jun 19th 2010 11:07AMhttp://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/http://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/The only thing we learn here is that you need someone experienced in electronic transactions to plan and design these kind of things.
VISA, AMEX, etc wouldn't have done the misplanning and misdesign of a reader and service, but a founder of Twitter would, unsurprisingly.]]>Jun 19th 2010 11:10AMhttp://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/http://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/Jun 19th 2010 11:28AMhttp://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/http://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/Aug 4th 2010 9:58AMhttp://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/http://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/Jun 19th 2010 10:35AMhttp://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/http://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/Jun 19th 2010 10:40AMhttp://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/http://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/Jun 19th 2010 10:42AMhttp://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/http://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/Jun 19th 2010 10:43AMhttp://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/http://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/Jun 19th 2010 11:11AMhttp://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/http://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/Yeah, I don't see a microphone slot like the iPhone has, so I also vote iPod Touch.]]>Jun 19th 2010 3:48PMhttp://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/http://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/Jun 19th 2010 4:09PMhttp://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/http://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/Jun 19th 2010 10:39AMhttp://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/http://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/
But it's your choice to miss out on the fun. ]]>Jun 19th 2010 11:39AMhttp://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/http://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/
Brings a new meaning to phreaking.]]>Jun 19th 2010 3:36PMhttp://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/http://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/
If this dongle itself isn't encrypted, all someone would need is a jailbroken iphone, and a custom app to capture the information on the magnetic stripe.

I would NEVER trust someone using this. I would pay cash before letting them swipe my card with this device. I work with POS hardware and software and deal with PCI compliance every day.

Their website give no clarification on the hardware spec or possible encryption. It does mention PCI compliance but given the hoops retailers who use POS software have to jump through, I'm scratching my head how in the world this software could be compliant on such an inherently INSECURE device (a mobile phone).

]]>Jun 19th 2010 3:37PMhttp://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/http://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/
This is all anyone needs to know of your argument.

You have no idea what the actual risks involved are, but yet you still feel entitled to pass judgment on the product.]]>Jun 19th 2010 6:35PMhttp://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/http://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/
You are blind and dilusional. With the ability to easily develop apps for the iphone and android it doesnt take a genius to install software to grab cc data and use it for their own purposes. With so much skimming that occurs this just makes it that much easier.

The data on this device is not encrypted at all when its swipped. I know someone in Visa that has worked with these guys to get their device 'compliant'. They have reported back there has been very little interest in this device from retailers. Nothing is encrypted, nor is anything stored on the iphone; however that doesnt mean someone cant write their own application to grab that data and have it saved - then sell those cc's or commit credit card fraud.


radarskiy you are guliable and naive, and I can almost guarantee you are one of the idiots who have to subscribe to identity theft services because your credit card and social security number has been compromised MULTIPLE TIMES.]]>Jun 19th 2010 11:02PMhttp://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/http://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/
you might be shocked to find out that there is. Often. And it doesn't help that only the managers have access, if they are the ones selling the info. ]]>Jun 20th 2010 2:38PMhttp://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/http://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/Jun 20th 2010 2:42PMhttp://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/http://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/Jun 19th 2010 10:42AMhttp://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/http://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/
And communist. Can't forget those communist.]]>Jun 19th 2010 10:47AMhttp://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/http://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/
Chip and PIN would make this device useless.

Magnetic strip and signing was done away with years ago because they are susceptible to fraud. ]]>Jun 19th 2010 10:51AMhttp://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/http://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/it also works on android]]>Jun 19th 2010 10:54AMhttp://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/http://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/
No, the move to Chip and PIN was to shift liability for fraud to the card holder. It does less than you think to stop fraud itself.]]>Jun 19th 2010 6:40PMhttp://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/http://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/
the US has not moved to chip and pin and probably won't for a while. The stripe system is rather entrenched. Just getting strip and pin is hard. I often pull out my check card (which works as both a debit and credit card) and want to use debit but the system only takes it as a credit card. ]]>Jun 20th 2010 2:45PMhttp://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/http://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/Jun 20th 2010 5:14PMhttp://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/http://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/Jun 19th 2010 10:48AMhttp://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/http://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/Jun 19th 2010 11:01AMhttp://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/http://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/
The mob doesn't deal with plastic.]]>Jun 19th 2010 11:19AMhttp://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/http://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/
SIMPLE: You make an app that (1) takes a picture of the credit card and (2) does some OCR on the numbers, expiration, and name. NO HARDWARE REQUIRED.]]>Jun 19th 2010 1:58PMhttp://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/http://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/Jun 19th 2010 11:21AMhttp://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/http://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/Hot dog stands, art/craft fairs, day laboring, adhoc masseuses, mobile strip joints, all are clamoring to be able to swipe your CC in exchange for a service. ]]>Jun 19th 2010 11:36AMhttp://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/http://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/Jun 19th 2010 12:40PMhttp://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/http://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/Jun 19th 2010 12:43PMhttp://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/http://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/
Business owners small or large know too well that they need a merchant account in order to bill their clients and customers while having their DBA or business name on each receipt thus keeping chargebacks less prone due to confusion whereas Square uses a general dba name for all its merchants aliases and thus they wonder why they need to rework there strategy?

Sure twitter works like a charm but get into the merchant services business and try to flip it on its head and see how much well it will work out...

There are dozens of cool merchant centric iphone apps available and most have been available before square was even vaporware. Check out BILLING for example this is one I recommend as it is open and portable meaning one is not forced to use any particular merchant provider instead it supports the popular Authorize.net gateway. It is plug-n-play essentially for any merchant. Here is the link: http://www.spartadata.com

Good luck square ands all that follow their so called merchant offerings...]]>Jun 19th 2010 11:31AMhttp://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/http://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/Jun 19th 2010 11:42AMhttp://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/http://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/Jun 19th 2010 11:56AMhttp://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/http://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/Jun 19th 2010 12:20PMhttp://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/http://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/
But what's very disturbing, is that they require you to use a personal social security number instead of a business' Federal Employer Identification Number. Just another route for your personal information to get loose on the internet.]]>Jun 19th 2010 12:22PMhttp://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/http://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/Jun 19th 2010 12:24PMhttp://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/http://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/Jun 19th 2010 12:30PMhttp://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/http://www.engadget.com/2010/06/19/square-working-on-a-credit-processing-and-risk-issue-before-sh/Jun 19th 2010 12:36PM