Square is killing it - now processing $10B in annual payments; added $2B over the past month - http://tcrn.ch/QGPs7l
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- That's been a major stopping point for me on some of the other payment systems... I use Mint, and if the statements all show "Square" it doesn't categorize them properly, so it's pretty much useless to me.Nov 14, 2012
- Not sure bro.Nov 14, 2012
- What about when they will be able to get rid of all these dongles and simply use the camera or NFC to process your purchases through a pseudo-bank like Google payments?Nov 14, 2012
- The payment to these companies offering these types of devices and services is stupid high. I dont understand why people pay more money just to swipe the card when you could just do a free wire transfer or type the number into a separate service outfit.
It seems like there would be a huge personal liability for the business and customers. Bugs on the phones storing or transferring personal data would be a problem and a concern if I was asked to run my card on a stranger's personal phone.Nov 14, 2012
- My assumption is that the encoding on a credit card is/should be self-secured. That way reading the magnetic code without having another part of the puzzle (validation that it is secure - a la public/private login keys) to eliminate the risk of using funny phones.
But then again there have been several stories of people scanning and duplicating cards easily... so I must be over-estimating card security features.
Personally, will start using Google payments as soon as enough vendors accept it (without NFC). Since individuals mostly have no liability for hijacked cards (beyond $50), anyway, should you be worrying about the network security of your coffee shop? I though PCI compliance does that...Nov 14, 2012
- Wow! nice!
And nice profile pic Jimbo Rizza
the dog is so cute!
^_^Nov 14, 2012