Best Credit Card Offers specially for you

About Us  |  Contact Us  |  Articles  |  News  |  Tips  |   Tools
ADVERTISER DISCLOSURE is an independent, advertising-supported web site which is compensated by the credit card issuers whose offers appear on the site. This compensation may impacts how and where the credit products appear on our site, including, the order in which they may appear within credit product lists. does not review or offer all available credit products.

VeriFone says mobile card reader from Square easily hacked

[Saturday, March 26th, 2011]

A few months ago the Smartphone was in news because it was being considered as a safer alternative to the swiping machines at various outlets. But, now the story seems to be slightly different. Paying through the credit card using your Smartphone may not be as safe as it is presumed to be, especially if you are using the Square mobile credit card reader, as per an open letter by VeriFone posted on Monday.

According to the letter, the setup provided by Square can be easily hacked. It requests the company based in San Francisco to recall all the card readers released in the market to prevent misuse of critical data.

Doug Bergeron, the CEO of VeriFone, wrote that this letter is not only a wake-up call to the payment industry, but also to customers. The Square device, which is known as the “dongle”, can prove to be an asset to criminals who could easily develop applications that could pilferage the personal and financial information from credit cards.

Bergeron also wrote that the primary concern was the poor construction of Square’s hardware that does not have the ability to encrypt the personal information of customers, thereby transforming the Smartphone from a safe payment device to a skimming machine that feeds criminals with data that can be easily misused.

In addition to sending out the letter, VeriFone, one of the world’s secure payment systems has also posted a skimming application sample and has informed other payment agencies such as JP Morgan Chase, Discover, American Express, MasterCard and Visa about this concern.

Read also

New Business Card From U.S. Bank Offers Value Where It’s Most Needed
[October 13th, 2018]

Most people are familiar with rewards credit cards that give members bonus cashback in certain categories that change each quarter. But U.S. Bank’s new business credit card will let companies earn more rewards by offering the biggest bonuses in categories where they spend the most each statement period.

Continue reading ››

Propel Card From Wells Fargo And American Express Offers Triple Reward Points
[July 16th, 2018]

Wells Fargo and American Express have announced changes to their no-annual-fee Propel card, making it an even better deal for customers who use streaming video services, order food and go out to restaurants, and travel frequently.

Continue reading ››

New Chase Credit Cards Offer Big Rewards For Travelers
[April 18th, 2018]

There are two new rewards credit cards available for travelers who want to collect extra points when checking in to their favorite hotels. The IHG Rewards Club Premier card and the IHG Rewards Club Traveler card from Chase Card Services offer reward points, free anniversary nights, elite membership stats, no foreign transaction fees, and more.

Continue reading ››
Copyright © 2003-2018 All Rights Reserved strives to keep credit card information up to date and accurate. However, all the credit card information is presented without warranty and can be changed by the credit card issuers at any time. Click the "Apply online" button to see the online credit card application and to review current credit card terms and conditions. Note that can be compensated by credit card issuers when the visitors apply for a credit card through the website.
* The webpage is a free service and an information resource for credit cards and financial products and services available to eligible United States consumers. does not offer any warranties and is not a direct service. There are no guarantees for approval or offers when applying for a credit card. Please refer to the application if you would like more information on each credit card. When you click "Apply" for a particular credit card, please take the time to review the terms and conditions of the product/service at the issuer's website. All logos on the website are property of their respective owners.
Information in these articles is brought to you by Banks, issuers, and credit card companies mentioned in the articles do not endorse or guarantee, and are not responsible for, the contents of the articles.
Disclosure: Not an access card.