News - Mobile commerce evolves with the roll-out of Square

[HEXUS]

New smartphone app and dongle allows you to accept card payments directly into your phone.

Read more.

[Scarlet Infidel]

At a glance this doesn't look particularly secure and the dongle is a bit weird. Phone-to-phone or phone-to-merchant payments seems like a more obvious way to go.

[finlay666]

At a glance this doesn't look particularly secure and the dongle is a bit weird. Phone-to-phone or phone-to-merchant payments seems like a more obvious way to go.

It's more designed for US markets where they don't really use Chip + Pin yet and still rely on a signature + ID usually

It looks very interesting, some fairly simple things going on, but combining with a couple of complicated areas (swiping, possible signature verification) and it looks like an interesting concept

[amdavies]

It's my belief that Chip and PIN was only brought in over here to circumvent the protections in law that c
consumers have. If your card was used illegally before Chip and PIN, then, in most cases, losses were absorbed by the card issuer and retailer (mostly the retailer) unless it was proved that you were negligent (difficult). Once Chip and Pin came into effect, if your card is used in combination with your PIN, then it's assumed you've given out the number willingly and it's up to you to prove you didn't.

[duc]

It's more designed for US markets where they don't really use Chip + Pin yet and still rely on a signature + ID usually

Its very much like PayPal in that the cardholder has already been vetted by the system; all their card details, personal details have been taken including the last three security numbers from their card.

The whole verification process relies on your own visual ID recognition with the photo held and provided by Squareup (provided both parties have signed-up to squared). Judging by the videos, the signature isn't actually used for verification purposes.

Side note, what's stopping someone running off with the taco truck's iPhone.