March 9, 2011

Verifone Hacks Square’s Credit Card Reader

Verifone hacks Square’s credit card reader to compete in the credit card processing market.

Verifone has setup a website,, describing how the hack was done and how bad guys using a Square reader can pick up all your info from the credit card. The problem pointed out by Verifone that Square does not encrypt the users info when it transfers it from the credit card to the iPhone or Android phone, so a malicious app designed to work with the Square reader can pick up all the users info from the credit card, unencrypted. Verifone has even posted a promotional video describing the same.

After seeing Square’s success in the mobile POS market, this is Verifone’s attempt at undermining Square’s efforts and promoting its own solution, PayWare mobile.

When you want to accept credit cards using your phone, Square and Intuit GoPayment are two popular options. Other mobile POS options include North American Bancard’s Pay Anywhere, Roam Data’s RoamPay and Verifone’s PayWare Mobile.

Verifone’s PayWare Mobile