Square Nightmare: The Innovative App That’s Leading to Card Skimming

By JDavis | 3/10/11 7:45 AM

VeriFone, an electronic payment firm, launched a surprising attack on the hot Square mobile payment application that has been generating high-tech buzz recently. In an open letter urging Square to recall their product, VeriFone claimed that private consumer data is easily made vulnerable because their hardware is full of serious security loopholes.

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