Global Security Watch > Square Adds Encryption To Its Card Reader | Geeky Gadgets

[Geeky-Gadgets] The new encrypted Square credit card reader is expected to become available this summer and will only work with the Square app. Square currently makes its money off a 2.75% per transaction fee on each sales processed by their devices, but its not been reveled how Square intends to absorb the extra costs associated with the new encryption feature.

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[Rheena.com] Square to add encryption to mobile card reader, skimmers put on notice: It's only been a couple days since we first heard about Visa's involvement with Square, but the credit card giant is already making its mark on the mobile payment startup. At the Visa Global Security Summit on Wednesday, Square Security Lead Sam Quigley revealed that the company will distribute an encrypted card reader this summer, which will work exclusively with its mobile payment app.

[Electronista | Gadgets for Geeks] Square preps payment reader with encryption | Electronista: The new reader is due in the summer. It's not clear if or when Square would mandate the new reader to keep processing credit cards.

[Iguardusa] Square to add encryption to mobile card reader, skimmers put on ...: At the Visa Global Security Summit on Wednesday, Square Security Lead Sam Quigley revealed that the company will distribute an encrypted card reader this summer, which will work exclusively with its mobile payment app. The current reader theoretically scans credit card data to any app, but the encrypted version will only work with Square, which should alleviate VeriFone’s concern that the company was essentially distributing “card skimmers”

[Near Field Communications] Square will distribute readers with encryption this summer « Near ...: This news came on the same day that it was announced that Square had received a large investment from credit service Visa Inc. Visa reportedly made a large enough investment that a Visa executive will get a seat on the advisory board of Square.

[Tekarazzi] Square to feature encryption at reader head on new iPhone card ...: The announcement last week that Visa was making an investment on Square has upped the ante for mobile credit card readers including Square’s. Square is a mobile payment system which lets users scan credit cards on a small reader that plugs into the headphone jack of their iPhones.

[MacStories] Square Set To Add Encryption To Next Generation Of Card Readers: TechCrunch inquired as to whether users would have to replace their current readers but Rabois declined to comment specifically but he did continue to affirm Square’s previous rejection of VeriFone’s demand to recall the Square readers. Rabois also noted that encryption will not be the only new feature of the third iteration of readers coming this summer.

[It's All Tech] Square will distribute readers with encryption this summer | It's ...: This news came on the same day that it was announced that Square had received a large investment from credit service Visa Inc. Visa reportedly made a large enough investment that a Visa executive will get a seat on the advisory board of Square.

[TechBox Blog] Square to add encryption to mobile card reader, skimmers put on ...: Luckily, the new encrypted reader will remain fre, giving Square a colossal advantage over VeriFone's Payware Mobile product, which carries a $49 activation fee, in additional to standard merchant fees. Not to mention, it isn't .

[denherold1's blog] Square to add encryption to mobile card reader, skimmers put on notice: Square to add encryption to mobile card reader, skimmers put on notice originally appeared on Engadget on Fri, 29 Apr 2011 16:51:00 EDT. Please see our terms for use of feeds. Permalink TechCrunch | Visa Global Security Summit | Email ...

[idolatrends.com] Square launching new iPhone card reader this summer with ...: While Square was touting a investment from Visa, Square COO Keith Rabois wrote a blog post which fundamentally certified all VeriFone indicted a Square reader of. The gist of a post was which Square would be assembly Visa’s attention standards, as well as those standards meant they have to encrypt all a credit label data, together with a interpretation during a indicate a report is read.

[Samsung blog - enjoy] Square to add encryption to mobile card reader, skimmers put on notice: The current reader theoretically scans credit card data to any app, but the encrypted version will only work with Square, which should alleviate VeriFone’s concern that the company was essentially distributing “card skimmers” to anyone with a social security number.

[News on ZiZoT.com] Square launching new iPhone card reader this summer with ...: While Square was touting the investment from Visa, Square COO Keith Rabois wrote a blog post that basically validated everything VeriFone accused the Square reader of. The crux of the post was that Square would be meeting Visa’s industry standards, and those standards mean they have to encrypt all the credit card data, including the data at the point the information is read.

[androidtabletus] Square to add encryption to mobile card reader, skimmers put on notice: Square to add encryption to mobile card reader, skimmers put on notice originally appeared on Engadget on Fri, 29 Apr 2011 16:51:00 EDT. Please see our terms for use of feeds.

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